India Selects Winners for Electrolyser Subsidy Tenders: Indigenously Developed Units Gain Interest
Key Ideas
  • India selected 13 out of 23 companies in its second round of subsidy tenders to support 1.5 GW/yr of electrolyser manufacturing capacity, with a new category for smaller indigenously developed units generating significant interest.
  • Incentives for electrolyser manufacturing start at 4,440 rupees/kW ($53/kW) in the first year, decreasing annually. The categories were oversubscribed, indicating a strong market interest in renewable energy production.
  • Firms like Adani, Eastern Electrolysers, and start-up Newtrace will receive subsidies for 30 MW/yr each in the smaller indigenously developed units category, while companies like Waaree Energies and Gensol and Matrix Gas Renewables secure substantial support in the any stack technologies category.
  • Despite delays in other tenders, India's focus on electrolyser manufacturing and renewable energy production highlights a positive push towards sustainable energy solutions and indigenous development in the energy sector.
India has announced the winners of its second round of subsidy tenders aimed at supporting 1.5 GW/yr of electrolyser manufacturing capacity. Out of 23 bidding companies, 13 were chosen to receive government support, with a final list expected to be published soon. The tender structure includes incentives that start at 4,440 rupees/kW ($53/kW) in the first year and decrease annually. A new category introduced for smaller indigenously developed units attracted significant attention, with 13 companies bidding for a combined capacity of 295 MW/yr, although only 100 MW/yr were allocated. Notably, Adani, Eastern Electrolysers, and Newtrace will each receive subsidies for 30 MW/yr in this category. In the any stack technologies category, seven companies will share subsidies for 1.1 GW/yr of production, with Mumbai-based Waaree Energies and a consortium of engineering firms Gensol and Matrix Gas Renewables securing substantial support. Waaree will receive subsidies for 300 MW/yr, while the Gensol and Matrix Gas consortium will get support for 237 MW/yr. India also selected winners in the large indigenously developed units category, with Newage Green Electro and Adani receiving support for 228.5 MW/yr and 71.5 MW/yr respectively. The article also mentions the participation of firms like Adani Enterprises, Ohmium, and Advait Infratech, who submitted bids in multiple categories. Despite delays in other tenders, such as the hydrogen production plant tender, India's focus on electrolyser manufacturing and renewable energy production showcases a positive stride towards sustainable energy solutions and indigenous development in the energy sector.
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