Plug Power, a U.S.-based manufacturer of green hydrogen fuel cells, is gearing up to establish multi-gigawatt electrolyzer projects in India by the end of 2030. The company's president, Sanjay Shrestha, expressed enthusiasm for collaborating with Indian partners to navigate the market dynamics and drive cost efficiencies. Plug Power received a significant $1.7 billion loan guarantee from the U.S. Department of Energy and is keen on understanding and leveraging the Indian hydrogen market. Shrestha emphasized the importance of local partnerships to expedite the adoption of green hydrogen and achieve economic viability. The company advocates for government support, including production tax credits, to catalyze hydrogen production in India, drawing on successful models from the U.S. and other nations. Plug Power's strategic approach involves expanding its operations and forming alliances within the hydrogen industry to propel the growth of sustainable energy solutions in India and beyond.