Thermax, based in India, is venturing into the green hydrogen sector by establishing a strategic unit dedicated to hydrogen EPC projects and localizing electrolyser manufacturing. After a failed collaboration with Fortescue Future Industries (FFI) from Australia, Thermax is now in search of a new partner, with an expected finalization within ninety days. The company recently opened a manufacturing facility in Pune focusing on water and wastewater solutions and acquired a 51% stake in TSA Process Equipments to offer solutions for highly purified water in rapidly growing industries. Additionally, Thermax created a wholly-owned subsidiary, Thermax Chemical Solutions, to boost its chemical business. With plans to engage in thermal projects, Thermax foresees receiving multiple awards in Q3/FY25. The company noted growth in its chemical, green solutions, and industrial products segments. Furthermore, Thermax successfully secured a fuel cell project for submarines from the Indian Navy. As per projectstoday.com, Thermax aims to position itself as a comprehensive provider for industrial and commercial clients, launching various energy transition products, services, and green energy projects.