Gensol Engineering and Matrix Gas & Renewables Win 237 MW Electrolyser Manufacturing Project in India's Green Hydrogen Initiative
Key Ideas
  • A consortium of Gensol Engineering and Matrix Gas & Renewables has secured a 237 MW electrolyser manufacturing plant project in India under the PLI scheme for green hydrogen.
  • The project was awarded through a competitive bidding process by Solar Energy Corporation of India (SECI), further strengthening the companies' presence in the renewable energy sector.
  • This win adds to their existing capacity, totaling 300 MW, and allows for collaboration in green hydrogen, green steel, and green ammonia domains, leveraging their respective expertise.
  • The Managing Director of Gensol Engineering expressed optimism about the project, highlighting the growth opportunities and advancements in the renewable energy sector due to this significant achievement.
A consortium comprising Gensol Engineering and Matrix Gas & Renewables has successfully secured a substantial project to establish a 237 MW electrolyser manufacturing plant in India. This initiative falls under the government's production linked incentive (PLI) scheme geared towards promoting green hydrogen. The competitive bidding process, managed by the Solar Energy Corporation of India (SECI), facilitated the consortium's triumph in acquiring this project. Gensol Engineering, known for its expertise in solar power engineering and electric mobility solutions, in partnership with Matrix Gas & Renewables, had previously won a 63 MW project through an SECI tender, showcasing their continued commitment to renewable energy. Anmol Jaggi, the Managing Director of Gensol Engineering, emphasized the significance of winning this PLI capacity under India's National Green Hydrogen Mission. The collaboration between Gensol and Matrix, both backed by common promoters, extends beyond green hydrogen to encompass related areas such as green steel and green ammonia, leveraging their combined skill sets. This achievement not only fortifies their position in the green hydrogen sector but also opens up avenues for growth and cooperation within the renewable energy landscape. The successful bid reflects the companies' dedication to advancing sustainable energy solutions and underscores the potential for further innovation and partnership in the field.
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