Celebrating India’s independence, enterprise and progress
news

DirectH2 Inc., an American startup founded and led by Indian entrepreneurs, signs Letter of Intent with Shree Tuljabhavani Sugar Private Limited (STSPL), Maharashtra, India to collaborate on India business development and early funding

Dec 16, 2025 · Source: cision
DirectH2 Inc., an American startup founded and led by Indian entrepreneurs, signs Letter of Intent with Shree Tuljabhavani Sugar Private Limited (STSPL), Maharashtra, India to collaborate on India business development and early funding

DALLAS, Dec. 16, 2025 -- The U.S. Start-up, DirectH2 Inc. led by Dr. Vivek V. Dhas, Chief Executive Officer, and Dr. Aditya Mohite, Chief Scientific Officer, is developing game changing Modular Direct Solar-To-Green Hydrogen Technology, has signed a Letter of Intent with Shree Tuljabhavani Sugar Private Limited (STSPL) for India business development and early funding to enable Lowest Cost, High Efficiency Hydrogen Production at the point of use. 

DirectH2

Dr. Vivek V. Dhas, a native from Ahilyanagar, Maharashtra, India and who previously helped found Hunt Perovskite Technologies, and was Director of Technology with Cubic Perovskites commented "We are pleased to partner with STSPL in bringing our revolutionary technology to the India market. This LOI for early business development and early-stage funding substantiates our mission and will accelerate delivering scalable, efficient, lowest cost Solar PV-Based, modular hydrogen production at the point of use. STSPL will be an important collaborator for DirectH2 to be a part of India's National Green Hydrogen Mission (NGHM) and commercial development."

STSPL, an agricultural company based in Maharashtra, India has a strong business presence in Sugar production, Ethanol Distillery, Power Generation, Compressed Biogas and Biomass since 2001. "This collaboration between DirectH2 and STSPL will strongly support India's National Green Hydrogen Mission. STSPL plans to provide land for the future expansion of DirectH2's operation in India, as well as being an offtaker of the green hydrogen, and an early investor of Direct H2," said Bhavna Bordikar, Chairman & Founder of STSPL.

Dr. Aditya Mohite, Chief Scientific Officer of DirectH2, and inventor of DirectH2's PV-integrated electrolysis technology (PVIE) at Rice University, Houston, Texas, USA comments, "This business development between DirectH2 and STSPL is most encouraging, as we all work to bring this exciting and needed technology to commercial reality. By integrating and innovating the Solar PV and Electrolyzer technologies into one panel, Direct H2 does not require high cost electricity, nor high-cost electricity delivery infrastructure like in conventional approaches, instead can produce lower cost green hydrogen at the point of need and use. This de-centralizing approach will open-up market applications from fueling fleets to data centers to industrial applications."

About: DirectH2, Inc is a technology company developing modular hydrogen production solutions. For more information, please visit https://www.directh2.com/ and / or contact Dr Vivek Dhas at vdhas@directh2.com. Shree Tuljabhavani Sugar Private Limited, established in 2001 in Maharashtra, India, is a leading agro-energy company now operating 3 high-capacity sugar manufacturing units with a combined crushing capacity of 10,000+ metric tonnes per day. For more information, please visit https://shreetuljabhavanisugar.com/

For media inquiries, please contact:

Vivek V. Dhas

Chief Executive Officer

DirectH2, Inc.

vdhas@directh2.com

Logo - https://mma.prnewswire.com/media/2846837/DirectH2_Logo.jpg

Cision View original content:https://www.prnewswire.com/in/news-releases/directh2-inc-an-american-startup-founded-and-led-by-indian-entrepreneurs-signs-letter-of-intent-with-shree-tuljabhavani-sugar-private-limited-stspl-maharashtra-india-to-collaborate-on-india-business-development-and-early-fu-302643783.html

Comments (0)

Login to join the conversation

Login / Register

No comments yet. Be the first to comment!

More to Read

TestMu AI Unveils the Fifth Edition of the TestMu Conference in 2026 news
Aug 14, 2026 1 min

TestMu AI Unveils the Fifth Edition of the TestMu Conference in 2026

The world s largest virtual agentic engineering and quality conference returns with a focus on autonomous quality, agentic workflows, and AI-native testing strategies SAN FRANCISCO and NOIDA, India , Aug. 14, 2026 -- TestMu AI (formerly LambdaTest), the world s first Agentic AI-powered Quality Engineering platform, is excited to unveil the 5th edition of its flagship TestMu Conference, taking place virtually from August 19 21, 2026. This year s event is expected to host over 75,000 developers, builders, and quality engineers from more than 120 countries, making it the world s largest virtual conference dedicated to agentic engineering and quality.

Michael Owen Joins ehamarkets as Global Brand Ambassador news
Aug 14, 2026 1 min

Michael Owen Joins ehamarkets as Global Brand Ambassador

HONG KONG and NEW YORK , Aug. 14, 2026 -- ehamarkets today announced a global brand partnership with England football legend and 2001 Ballon d Or winner Michael Owen, who has joined the brand as its Global Brand Ambassador. Owen said he was drawn to ehamarkets focus on technology, reliability and a simpler trading experience. I m delighted to join ehamarkets as its Global Brand Ambassador. I like the way ehamarkets uses technology to make trading simpler and more efficient. It s exciting to be part of a brand that is building a modern trading experience for people around the world.

RemotePeople Completes 2026 SOC 2 Type II Audit Across Security, Availability, and Confidentiality news
Aug 14, 2026 1 min

RemotePeople Completes 2026 SOC 2 Type II Audit Across Security, Availability, and Confidentiality

The New York-headquartered global Employer of Record renews its SOC 2 Type II attestation for a full 12-month period, adding to its ISO 27001 and GDPR certifications and its recent A+ platform security rating from Astra Security. NEW YORK , Aug. 14, 2026 -- RemotePeople, a global provider of Employer of Record (EOR), payroll, and recruitment services operating in more than 150 countries, today announced the successful completion of its 2026 SOC 2 Type II audit , covering the Security, Availability, and Confidentiality Trust Service Criteria. The independent examination was performed by INTERCERT CPA LLC in accordance with AICPA SSAE 21 attestation standards and covered a continuous 12-month observation period from May 31, 2025 to May 30, 2026.

Bybit TradFi Perpetuals Extend 24/7 Exposure to Over 200 Global Equities and Pre-IPO Assets news
Aug 14, 2026 1 min

Bybit TradFi Perpetuals Extend 24/7 Exposure to Over 200 Global Equities and Pre-IPO Assets

DUBAI, UAE , Aug. 14, 2026 -- Bybit , the world s second-largest cryptocurrency exchange by trading volume, is pleased to announce TradFi Perpetual Contracts now offer over 200 curated TradFi-themed listings , marking one of the highest quality coverage of TradFi derivatives exposure available on a crypto-native platform. The lineup now spans equities, ETFs, precious metals, indices, and oil, with coverage extending across premium US, Hong Kong, South Korean and other equities markets.

Deeper Insights, Better Analytics: Bybit Options Close the Data Gap Between Retail and Institutional Traders news
Aug 14, 2026 1 min

Deeper Insights, Better Analytics: Bybit Options Close the Data Gap Between Retail and Institutional Traders

DUBAI, UAE , Aug. 14, 2026 -- Bybit , the world s second-largest cryptocurrency exchange by trading volume, announced a major upgrade to its Options Data section, introducing a suite of institutional-grade analytics to provide traders with a clearer view of volatility, positioning, and market structure. The redesigned page integrates institutional-grade analytics with a cleaner, more accessible interface for all users. Options trading has been gaining popularity among digital asset derivatives traders, as they increasingly move beyond simple long or short positions to alternative strategies that account for volatility, time decay, and risk management. Options give traders the right, but not the obligation, to buy or sell an asset at a set price before a set date.

Hippocratic AI Unveils Agentic Orchestrators: NYSE Content Update news
Aug 14, 2026 1 min

Hippocratic AI Unveils Agentic Orchestrators: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK , Aug. 14, 2026 -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today s NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on August 14th Hippocratic AI says it s announced the next generation of healthcare AI Agentic orchestrators feature teams of conversational voice AI agents focused on delivering outcomes. Co-founder and CEO Munjal Shah will join NYSE Live to take viewers through how the new product works. Renewable energy construction company SunScout to celebrate its dual listing SunScout (NYSE American: SNSC) began trading on NYSE American and NYSE Texas earlier this week. CEO Edwin Cywinski and COO Mark Cywinski will join NYSE Live to discuss the milestone. The S&P 500 will look to build off Thursday s record close. The large-cap index surpassed 7,800 for the first time during Thursday s session. Investors are parsing through July U.S. retail sales data.

Binance Research: Gen Z Leads Net Accumulation Across Every TradFi Product news
Aug 14, 2026 1 min

Binance Research: Gen Z Leads Net Accumulation Across Every TradFi Product

New commentary finds 77% of Gen Z direct-equity accounts are net buyers, with 76% accumulating in bStocks, the highest share of any generation. MUMBAI, India , Aug. 14, 2026 -- Binance Research , the market research arm of the world s largest cryptocurrency exchange Binance , has recently published a new weekly market commentary titled Gen Z Perspective Rewrite . The report examines how Gen Z users behave across three TradFi products, namely, direct equities, bStocks, and TradFi-Perps, and finds behavior that is more disciplined and allocation-oriented than common assumptions suggest.

Bitmine Immersion Technologies Announces Record and Payment Dates for Cash Dividends on 9.50% Series A Perpetual Preferred Stock news
Aug 14, 2026 1 min

Bitmine Immersion Technologies Announces Record and Payment Dates for Cash Dividends on 9.50% Series A Perpetual Preferred Stock

NORWALK, Conn. , Aug. 14, 2026 -- (NYSE: BMNR; BMNP) Bitmine Immersion Technologies, Inc. ( Bitmine or the Company ) announced today that its Board of Directors has declared seventeen cash dividends on the Company s 9.50% Series A Perpetual Preferred Stock (the Series A Preferred Stock ), which is listed on the New York Stock Exchange under the trading symbol BMNP . The dividends will be payable in cash in accordance with the terms of the Certificate of Designations governing the Series A Preferred Stock. The record dates, payment dates, and per-share amounts for each dividend are set forth below: