Gensol and Matrix Gas Secure India's First Bio-Hydrogen Project
Key Ideas
  • Gensol and Matrix Gas have been awarded a contract to develop India's first bio-hydrogen project valued at ₹1.64 billion.
  • The project aims to convert 25 tons of bio-waste into 1 ton of green hydrogen daily using innovative technology.
  • Additionally, Gensol has acquired Gridstor Energy and expanded into the U.S. solar tracker market, aiming to supply over 2,000 MW of trackers annually by 2028.
Gensol Engineering and Matrix Gas & Renewables have secured an engineering, procurement, and construction contract to develop India’s first bio-hydrogen project, worth ₹1.64 billion. The project targets the conversion of 25 tons of bio-waste into 1 ton of green hydrogen daily and is set to be completed within 18 months. Gensol's strategic partnership with U.S.-based Westinghouse, known for its patented technology, enhances the project's credibility. The innovative Pre-Gasification Plasma-Induced Radiant Energy-Based Gasification System technology will be utilized for this initiative. Furthermore, Gensol has invested in Gridstor Energy to focus on renewable energy generation and distribution, especially solar, wind, and battery storage. The company has also expanded into the U.S. market by establishing Scorpius Trackers in Delaware, targeting the lucrative solar tracker industry. Gensol aims to capitalize on the growing demand in the U.S., with plans to supply over 2,000 MW of trackers annually by 2028. Additionally, Gensol and Matrix Gas & Renewables recently secured a hydrogen electrolyzer manufacturing capacity in SECI’s auction, showcasing their commitment to green energy initiatives and technological advancements.
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