Torrent Power Expands Portfolio with Fully Owned Subsidiary, Torrent Green Hydrogen

Torrent Power Limited has taken a strategic step forward by establishing a wholly owned subsidiary named Torrent Green Hydrogen Private Limited (TGHPL). This recent corporate move signifies Torrent Power's foray into the burgeoning sector of hydrogen and its derivatives, underlining the company's commitment to diversify its portfolio and explore innovative energy solutions.

The incorporation of TGHPL opens avenues for engaging in a spectrum of activities related to hydrogen and its derivatives. These multifaceted activities encompass a broad range, including the manufacturing, assembly, purchase, purification, storage, transportation, experimentation, supply, trade, and general dealings in hydrogen. TGHPL's operational scope extends beyond hydrogen to encompass its byproducts and derivatives, such as ammonia, chemicals, compressed natural gas, and mineral substances. This diverse approach positions TGHPL as a comprehensive player in the hydrogen value chain, from production to trading and everything in between.

Notably, TGHPL is not confined to the hydrogen sector alone; it ventures into the domain of power generation, transmission, purchase, trading, and storage. The subsidiary aims to embrace all forms of power, whether conventional or renewable, or any combination of storage technologies. This inclusive approach aligns with Torrent Power's commitment to exploring various sources of energy, including electrical power and energy, across a diverse spectrum.

The strategic positioning of TGHPL within the hydrogen and power sectors reflects Torrent Power's forward-looking strategy to tap into the evolving landscape of clean and sustainable energy. Hydrogen, with its potential to serve as a clean and versatile energy carrier, has gained prominence as a key player in the global transition toward a low-carbon future. By establishing a subsidiary dedicated to hydrogen-related activities, Torrent Power demonstrates its anticipation of future energy trends and a proactive approach to be a significant player in the evolving energy landscape.

The activities outlined for TGHPL encompass the entire value chain of hydrogen, from production and experimentation to trading and utilization in various derivative forms. The subsidiary's involvement in the generation, transmission, purchase, trading, and storage of power underscores its holistic approach to energy solutions. This includes conventional and renewable sources, along with an openness to incorporating various storage technologies, ensuring adaptability to the evolving dynamics of the energy sector.

As Torrent Power ventures into the realm of green hydrogen, it positions itself to contribute to the global efforts in reducing carbon emissions and promoting sustainable energy practices. Green hydrogen, produced using renewable energy sources, holds promise as a clean and scalable solution for various industries and sectors. By incorporating TGHPL, Torrent Power signals its intent to play a pivotal role in the green hydrogen ecosystem.