The European Energy Exchange (EEX), the Indian Gas Exchange (IGX) and the Gesellschaft für Internationale Zusammenarbeit (GIZ) have signed an agreement to develop a hydrogen trading market in India. This partnership is part of the International Hydrogen Ramp-Up (H2Uppp) program, which is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK).
The program aims to support green hydrogen projects in selected emerging countries. Initially, the focus will be on gathering market insights and building a community in India to help grow this market in the future.
The project will involve stakeholders from across the hydrogen value chain, including production, trading, transport, and consumption, as well as policymakers and regulators. The goal is to create an action plan that will eventually lead to the introduction of a hydrogen index and trading services in India.
In February 2024, IGX and the ACME Group signed an MoU to work together and collaborate for the establishment of the green hydrogen and ammonia market in India.
