TKIL Industries, based in Mumbai, has announced its acquisition of a stake in Swiss company Sohhytec SA, granting it access to cutting-edge technology for producing green hydrogen directly from solar energy. This strategic move enables TKIL to manufacture pressurized hydrogen, develop necessary infrastructure for storage and vehicle filling, and collaborate with various industries such as steel plants. The company is already in discussions with oil marketing companies to establish hydrogen-based retail facilities. TKIL's CEO, Vivek Bhatia, expressed optimism about the potential of hydrogen-powered vehicles, highlighting the advancements made by automakers in this field. Sohhytec's unique technology utilizes sun rays for green hydrogen production, offering a promising solution for sustainable energy generation. While production costs remain a consideration, TKIL aims to achieve cost-effective green hydrogen production, targeting about Rs 400 per kg. The modular and off-grid nature of the technology allows for flexible deployment, even in remote locations with limited land availability. With a capacity to produce up to 100 MW of green hydrogen, TKIL plans to cater to various industries and use cases in the near future. Looking ahead, TKIL is focused on significant growth, aiming to triple its overall revenue to Rs 10,000 crore within the next five years. The company's expansion into green hydrogen reflects a strategic commitment to sustainable energy solutions and innovative technological advancements.