Gensol Engineering and Matrix Gas & Renewables to Develop India's First Green Hydrogen Valley in Pune
Key Ideas
- Gensol Engineering Limited and Matrix Gas & Renewables have partnered to develop India's first Green Hydrogen Valley project in Pune, emphasizing sustainability and innovation.
- The project involves the establishment of a Green Hydrogen production plant with a 20-year offtake agreement to supply Green Hydrogen to the specialty chemical sector.
- The collaboration, supported by the Indian government's initiatives, aims to contribute to India's green transition by promoting Green Hydrogen generation and applications.
- Both companies plan to continue their partnership in ventures related to Green Hydrogen, Green Steel, and Green Ammonia, showcasing their commitment to sustainable development.
Gensol Engineering Limited, known for its expertise in solar EPC and electric mobility solutions, has announced a significant collaboration with Matrix Gas & Renewables Ltd. to develop India's first Green Hydrogen Valley project in Pune. This collaboration aims to establish a Green Hydrogen production plant on a Build Own and Operate (BOO) basis to supply Green Hydrogen to the specialty chemical sector. The project, supported by a 20-year offtake agreement, symbolizes a crucial step towards promoting Green Hydrogen in India. Anmol Jaggi, Managing Director of Gensol Engineering Ltd., expressed enthusiasm for leading this pioneering initiative, highlighting the company's commitment to contributing to India's green transition. Chirag Kotecha, Whole-time Director of Matrix Gas and Renewables Ltd., emphasized the project's importance in supporting India's net-zero targets and the National Green Hydrogen Mission. The project, facilitated by the National Chemical Laboratories (NCL) in Pune's Kurkumbh region, aims to establish Green Hydrogen generation, applications, and R&D facilities. The collaboration between Gensol and Matrix, both backed by common stakeholders, signifies a strategic partnership to drive innovation in Green Hydrogen and related sectors like Green Steel and Green Ammonia, showcasing their combined expertise and commitment to sustainable development.