Airox Nigen Group is expanding its presence in the hydrogen sector with the launch of Aspire Hydrogen, a new venture aimed at establishing an integrated green hydrogen value chain in Haryana, India. The company, celebrating its 30th anniversary, has a strong background in hydrogen equipment manufacturing, offering products such as hydrogen generation units, compressors, refueling stations, fuel cells, and storage vessels. They also provide EPC services for hydrogen generation plants. With an aim to tap into the green hydrogen market, Airox Nigen is investing in a new alkaline electrolyzer factory in Haryana with a projected capacity of 3-4 GW per year. This initiative aligns with India's goal of achieving 5 million metric tonnes of green hydrogen production annually by 2030. The CEO, Anil K Agrawal, emphasizes the potential for Indian manufacturers to address the global electrolyzer manufacturing capacity shortage by ramping up production facilities. The company plans to start production at the new factory by September 2025, with full operation expected within 2-2.5 years. Airox Nigen's strategy includes upstream integration to create a comprehensive green hydrogen value chain facility, which will also house a PV panel manufacturing plant. Aspire Hydrogen, led by Aniruddh Agrawal, will cover electrolyzers, hydrogen storage, fuel cells, and solar panels, with funding support from Airox Nigen promoters and plans for an IPO in 2025. The company aims to position itself as a leading electrolyzer supplier, offering competitive prices to reduce dependency on imported equipment. Interest from European companies in technology collaboration showcases the growing global demand for sustainable hydrogen solutions and presents opportunities for further expansion and partnerships.