(Information sent by the signatory company)
HYDERABAD, India, Jan. 23, 2024 /PRNewswire/ -- Envision Energy International, and AM Green, a green hydrogen and ammonia company wholly owned and controlled by the founders of Greenko Group, signed a Memorandum of Understanding (MOU) to partnering in the manufacturing of wind turbines for AM Green's clean energy projects in India and collaborating on green hydrogen projects. The Memorandum of Understanding was signed during the World Economic Forum Annual Summit in Davos, Switzerland.
AM Green and Envision will leverage complementary capabilities to manufacture, supply and service wind turbines in India specific to AM Green's wind turbine requirements in the country. AM Green, through its customers, will seek to commit to harnessing at least 2 GW of capacity per year over the next three years. Wind turbines will supply energy to produce renewable green molecules.
Mahesh Kolli, President of AM Green, said: "This partnership brings together two industry specialists to leverage their manufacturing strengths to create long-term sustainable business enterprises. We are excited about the opportunity ahead in global decarbonisation."
The partnership is part of AM Green's broader efforts to advance the development of a secure supply chain for high-quality, cost-effective wind turbines in India. Through these partnerships, AM Green aims to achieve more economically efficient, 24/7 power supply for its green molecule plants across India.
AM Green and Envision will also work together on the development of green hydrogen projects and develop net zero industrial parks. Additionally, both companies will leverage their technical expertise to jointly develop a set of applicable green hydrogen industry standards.
Kane Xu, Global Vice President and Country President, India, Envision, said: "Envision is very pleased to partner with AM Green, part of the Greenko Group, one of India's leading renewable energy conglomerates. Both Envision and AM Green "They share a similar vision for global decarbonization. This exciting partnership will also provide cutting-edge solutions to positively impact India's aggressive net zero and green energy goals."
About AM Green
AM Green has been formed by the founders of Hyderabad-based Greenko Group: Anil Chalamalasetty and Mahesh Kolli. With its strength in renewable energy and storage as a service model and its track record of energy entrepreneurship, AM Green aims to become one of the lowest-cost producers of green hydrogen, green ammonia and other green molecules in the world.
In India, AM Green is developing green molecule (green hydrogen, green ammonia, biofuels, green caustic soda, e-methanol) production capabilities for decarbonization in hard-to-abate industries. The company will also establish an international renewables and storage business and a joint venture to manufacture electrolyzers with John Cockerill of Belgium, an existing Greenko Group partner.
Envision Group is a leading global green technology company. With a mission to “solve challenges for a sustainable future,” Envision designs, sells and operates smart wind turbines and smart energy storage systems through Envision Energy, AIoT-powered batteries through AESC, and the AIoT operating system plus largest in the world through Univers. Envision also manages the ten billion RMB Envision-Sequoia Carbon Neutral Capital Fund and owns the Envision Virgin Racing Formula E team.
Para AM Green India Pvt Ltd:
Media Relations Suheil Md. ImtiazSenior Manager, Public Affairs and Strategic CommunicationsEmail: firstname.lastname@example.org
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