Plug Power to Launch Multi-Gigawatt Electrolyser Projects in India by 2030
Key Ideas
- Plug Power is considering launching 'multi-gigawatt' electrolyser projects in India by 2030, as confirmed by the US green hydrogen company.
- The company aims to collaborate with a local player in India to enhance the country's hydrogen sector, reduce costs, and accelerate the adoption of green hydrogen.
- According to Plug Power President Sanjay Shrestha, this partnership can significantly contribute to advancing the local hydrogen industry and achieving economic parity for green hydrogen.
- The initiative reflects a strategic move towards sustainable energy solutions and highlights the potential for growth in the green technology sector in India.
Plug Power, a US green hydrogen firm, is exploring the opportunity to launch 'multi-gigawatt' electrolyser projects in India by 2030. The company aims to partner with a local player in India who possesses a deep understanding of the market. This collaboration is expected to benefit the Indian hydrogen sector by driving advancements, cost reductions, and accelerating the transition to economic viability for green hydrogen. Sanjay Shrestha, President of Plug Power, emphasized the importance of this partnership in advancing the local hydrogen industry. The move signifies a significant step towards sustainability and underscores the potential for growth and development in the green technology field in India. By expanding into India and leveraging local expertise, Plug Power aims to make a positive impact on the region's renewable energy landscape and contribute to the global shift towards cleaner energy sources.