Xynteo’s Energy Leap: boosting sustainable energy with clean hydrogen
Xynteo is pleased to announce the launch of Energy Leap, in collaboration with the SED Fund, Technip Energies, and the Hyderabad Research and Innovation Circle (RICH). Energy Leap will be Asia’s first end-to-end clean hydrogen technology accelerator, focusing on driving sustainable energy innovation to power India’s domestic energy security, economic development, and decarbonization journey.
Through business modeling, operational, technology, and investment support, it will catalyze new technologies and early to mid-stage Indian start-ups across the hydrogen value chain to commercialization.
India is committed to reaching net-zero emissions, with more Indian companies announcing their own goals. Clean hydrogen is a critical component of these plans, and the Indian government has launched the National Hydrogen Mission and Green Hydrogen and Ammonia Policy, which set a target of producing 5 million tonnes of clean hydrogen domestically by 2030, as well as incentives under the PLI scheme by the Ministry of New and Renewable Energy (MNRE) and Solar Energy Corporation of India (SECI). Energy Leap supports these initiatives and will play a critical role in India’s journey to become a clean hydrogen hub.
Vipul Kumar, Senior Partner, Xynteo, said, “Hydrogen holds immense potential to enable industries and economies to achieve net-zero emissions, supporting India’s transition to a sustainable energy future. However, the crucial challenges of technology commercialization and acceleration have hindered the scaling of viable clean hydrogen opportunities thus far. We see Energy Leap as the transformative solution to addressing these challenges, and as part of our mission, we invite diverse industries and cross-sectoral stakeholders to join this program.”
Energy Leap’s mission is to identify, incubate, and support indigenous solutions throughout the hydrogen value chain by driving innovation and facilitating the commercialization of high-potential technologies. There are two main goals: first, through a national innovation challenge, discover new technologies to support the hydrogen economy, and second, support early to mid-stage Indian start-ups across the hydrogen value chain.
Vikas Mehta, Executive Director, of SED Fund, said, “Energy Leap, aligned with India’s mission and vision for energy transition and decarbonization, provides a timely opportunity to invest in accelerating the journey towards net-zero emissions. By seizing competitive advantage and capitalizing on market opportunities, stakeholders can shape a sustainable future while fostering collaboration, supporting innovation, and achieving impactful change in the ecosystem.”
Industry leaders and organizations dedicated to driving long-term change have enthusiastically supported the program. By leveraging expertise in technology, business, finance, and markets, this approach aims to work with technologies at various stages of readiness and assist companies in developing their businesses and commercializing their ideas with support from stakeholders across the value chain.
Technip Energies’ Managing Director India, Davendra Kumar, stated, “Collaborative efforts are critical in the journey to scale clean hydrogen solutions. Prioritizing cost-effective innovations and accelerating the adoption of hydrogen technologies are critical. Technip Energies is a key player in addressing sector challenges and supporting ecosystem development through Energy Leap.”
Energy Leap will seek to collaborate with regional hydrogen and energy transition initiatives, and its secretariat and operations will be led by Xynteo.
Xynteo’s Background
Xynteo is a mission-driven strategic advisory firm that assists global organizations and their leaders in finding new ways to grow forward as they address societal and environmental challenges that are too large, expensive, and complex to solve alone.
We believe that business can be a force for good when leaders think long-term, work with nature rather than against it, and use their influence and resources to benefit the many rather than the few. This is good growth for us.
Build Ahead, Energy Leap, Europe Delivers, Leadership Vanguard, Vikaasa, and Xynteo Exchange are among our partnerships and communities.
What is Net Zero and why it is important for Indian Economy?