Sterlite Technologies Limited (STL), a prominent optical and digital solutions company listed on the National Stock Exchange (NSE:STLTECH), has unveiled a groundbreaking collaboration with Hygenco, a domestic provider of green hydrogen solutions.
The partnership aims to supply Green Hydrogen to STL’s manufacturing facilities. Under the terms of a long-term offtake agreement, Hygenco will construct, own, and operate a Green Hydrogen facility for STL over a span of 20 years. This facility will rely on renewable energy sources and is expected to be commissioned within the next 15-18 months.
This project represents a significant milestone as it marks the first Green Hydrogen venture within India’s optical industry. This reinforces STL’s commitment to achieving NetZero emissions by 2030. Materials science, photonics, and precision engineering are the expertise of STL. It operates a semiconductor-grade Glass Preform Plant in Aurangabad, Maharashtra. Industry 4.0-enabled plant produce Glass Preforms. Glass preforms are essential components in the creation of world-class optical fiber.
Green Hydrogen Collaboration
Hydrogen and Oxygen play vital roles in optical fiber production. They serve as both critical components and fuel sources in glass manufacturing processes. These gases are traditionally associated with challenging decarbonization efforts in the optical fiber industry.
Through this ambitious Green Hydrogen collaboration, STL and Hygenco aim to achieve a year-on-year carbon abatement of approximately 30%. STL currently employs electrolyzers running on conventional energy for its hydrogen needs. With the installation of renewable energy-based electrolyzers by Hygenco, STL will be able to produce its hydrogen. This will help in mitigating the occupational health hazards associated with procuring hydrogen in cylinders.
The new system will feature autonomous energy management and control, enabling continuous monitoring and real-time decision-making to optimize efficiency.
Sterlite Technologies and Hygenco India Collaboration for Sustainable Future
Speaking about the partnership, Ankit Agarwal, Managing Director of STL, commented, “Through this collaboration with Hygenco, STL embarks on a transformative journey towards sustainability, harnessing the power of green hydrogen, an eco-friendly solution that empowers our Glass plant with clean energy. This partnership exemplifies our commitment to environmental stewardship, innovation, and a sustainable tomorrow, where we create products that transform billions of lives.”
Amit Bansal, CEO of Hygenco India, also expressed enthusiasm about the collaboration, stating, “Hygenco is facilitating industry transition to Green hydrogen as a commercially viable alternative to Grey hydrogen. Through this partnership, we will embark on a transformative journey towards sustainability, leveraging the potential of Green hydrogen to empower STL’s manufacturing plants. We are confident that our solution will create value for STL. We are excited to see STL trailblaze the Green hydrogen journey in the optical fiber industry and enable a greener internet.”
About Sterlite Technologies Limited (STL)
STL is a leading global optical and digital solutions company, providing advanced offerings to build 5G, rural, FTTx, enterprise, and data center networks. STL’s business goals are driven by customer-centricity, R&D, and sustainability. Championing sustainable manufacturing, the company has committed to achieving Net Zero emissions by 2030. For more information, please visit www.stl.tech.
About Hygenco India
Based in India, Hygenco aims to become a global leader in deploying green hydrogen and green ammonia-powered industrial solutions. The company develops and deploys scaled-up, commercially attractive green hydrogen and green ammonia production assets. Hygenco has a combined 50+ years of international experience in: A) Renewables B) Industrial Front End Engineering and Design (FEED) C) Industrial Gases Operations and Safety D) Project Finance/Private Equity. For more information, please visit www.hygenco.in.