Gensol Engineering Wins Bid for Hydrogen Electrolyser Plant in India
Key Ideas
  • A consortium led by Gensol Engineering and Matrix Gas & Renewables secured a bid for a 237 MW annual capacity electrolyser manufacturing plant in India.
  • The consortium has now won a cumulative 300 MW capacity under the Production Linked Incentive scheme, amounting to ₹450 crore, strengthening their position in the green hydrogen sector.
  • Managing Director of Gensol Engineering expressed excitement about the win, highlighting the growth opportunities and collaborations in renewable energy that this achievement brings.
  • Gensol and Matrix plan to collaborate on various green hydrogen derivatives like Green Steel and Green Ammonia, showcasing their commitment to sustainability and innovation.
Ahmedabad-based Gensol Engineering Limited, in collaboration with Matrix Gas & Renewables Ltd., has successfully secured a bid for a 237 MW annual capacity electrolyser manufacturing plant in India. The bid was awarded under the Production Linked Incentive scheme by the Solar Energy Corporation of India (SECI). This win adds to the consortium's prior success, bringing their total capacity to 300 MW and an incentive of ₹450 crore. Anmol Jaggi, the Managing Director of Gensol Engineering, expressed enthusiasm about the achievement, emphasizing its significance under the National Green Hydrogen Mission and the growth prospects it presents in the renewable energy sector. The partnership between Gensol and Matrix, both sharing common stakeholders, aims to further expand their presence in the Green Hydrogen domain and explore opportunities in related sectors like Green Steel and Green Ammonia. This collaboration showcases their dedication to sustainable technologies and their commitment to driving innovation in the renewable resources sector.
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