India's Green Hydrogen Boost: Gensol and Matrix Win Major Contract for Electrolyser Manufacturing
Key Ideas
  • Gensol Engineering and Matrix Gas secure a significant 237 MW hydrogen electrolyser manufacturing capacity contract under India's PLI scheme.
  • The consortium's total secured capacity, including a previous award, now stands at 300 MW, with a total incentive of ₹450 crore under the scheme.
  • The initiative aligns with India's National Green Hydrogen Mission, focusing on electrolyser manufacturing for green hydrogen production to aid in global decarbonisation efforts.
  • The project aims to support India's target of producing five million metric tons of green hydrogen annually by 2030 and emphasizes collaboration for advancing energy transition in the country.
Gensol Engineering Ltd and Matrix Gas & Renewables Ltd have attained a substantial contract under India's Production Linked Incentive (PLI) scheme for hydrogen electrolyser manufacturing. The consortium, led by common stakeholders, secured a 237 MW capacity through a competitive tender by the Solar Energy Corporation of India. This win, part of India's National Green Hydrogen Mission, advances the country's renewable energy strategy by emphasizing green hydrogen production. With a total secured capacity of 300 MW and an incentive of ₹450 crore, the project supports India's ambitious goal of producing five million metric tons of green hydrogen annually by 2030. Stakeholders highlighted the importance of the initiative in driving sustainable, low-carbon energy in India and positioning the country as a leader in the green hydrogen sector. Additionally, the collaboration between Gensol and Matrix Gas aims to further advancements in green derivatives like green steel and green ammonia, contributing to India's energy transition and decarbonisation efforts.
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