Stargate Hydrogen announced its strategic cooperation agreement and first purchase order with BGR Tech Limited, a leading engineering company based in Chennai, India. This marks Stargate Hydrogen's entry into the H₂ Indian market, the world's third-largest economy with a projected 35% energy demand increase by 2030, India has a massive stake in securing a clean and reliable energy future. 

The H₂ Indian market presents a vast opportunity for green H₂ production due to its size, government support through initiatives like National Green H₂ Mission and PLI scheme for green H₂ production and electrolyzer manufacturing. With plans to establish significant electrolyzer facilities, India is poised to be a major player in the transition to clean energy. The cooperation with BGR Tech underscores Stargate Hydrogen's commitment to supporting this transition in the H₂ Indian market.

Under the terms of the agreement, Stargate Hydrogen will supply a Stellar series stack intended for BGR Tech's first demonstration installation. The agreement also includes the intent to execute many other larger electrolyzer projects with options to cooperate with BGR Tech for local manufacturing in addressing the growing GH2 project needs between 2024 and 2030. Additionally, Stargate will provide comprehensive engineering support during the system definition stage and will scale up the developed solution to deliver further electrolyzer stacks for subsequent installations.

"We are thrilled to partner with BGR Tech and to take this significant step into the Indian market," said Marko Virkebau, CEO of Stargate Hydrogen. "This collaboration is a testament to our commitment to delivering quality products, combining Stargate's high-quality stacks with BGR Tech's exceptional system engineering capabilities. Together, we are dedicated to providing an efficient, reliable, and competitive H₂ production system tailored for Indian projects. India's commitment to clean energy aligns perfectly with our mission to advance cost-competitive green H₂ production and foster sustainable energy solutions worldwide."

The Founder and Managing Director of BGR Tech Ltd. Ms. Priyadershini Raghupathy said, "We are looking forward to integrating Stargate's advanced electrolyzer stacks with our in-house developed Balance of Plant. We are keen to execute alkaline water electrolyzer based H₂ production projects in INDIA. BGR TECH’s Manufacturing Facility at Chennai is capable to Design and Manufacture end to end equipment's of H₂ value chain," said BGR Tech's MD.

"This cooperation will enhance our capabilities in delivering clean energy solutions and support our ongoing efforts in decarbonizing the industries. Together, we are taking a significant step towards a sustainable future."