India's Second SIGHT Scheme Tranche Attracts Leading Companies for Electrolyser Manufacturing
Key Ideas
- Thirteen companies, including Adani Enterprises and Waaree Energies, have secured capacities under India's SIGHT scheme for manufacturing electrolysers, signaling a growing interest in green hydrogen.
- The SIGHT scheme, part of the National Green Hydrogen Mission, has a total outlay of ₹17,490 crore for electrolysers and hydrogen production, with the second tranche receiving ₹2,200 crore allocation.
- Solar Energy Corporation of India received bids from 23 companies for 1,500 MW capacity, showcasing significant industry interest in green hydrogen technologies.
- Financial bids were invited for different technology categories, emphasizing both innovation and localization in the electrolyser manufacturing sector.
Thirteen prominent companies, including Adani Enterprises, Waaree Energies, Ohmium Operations, and Avaada Electrolysers, have been awarded capacities under the second tranche of India's Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. This initiative, part of the National Green Hydrogen Mission, aims to promote the manufacturing of electrolysers and production of green hydrogen in the country. With a substantial budget of ₹17,490 crore allocated for these activities, the second tranche has secured ₹2,200 crore to incentivize companies participating in electrolyser production. The Solar Energy Corporation of India (SECI) oversaw the bidding process which attracted bids from 23 companies, reflecting a keen industry interest in green hydrogen technologies. The companies bid for various capacities under different technology categories, emphasizing the diverse approach towards electrolyser development. This initiative not only aims to boost green hydrogen production but also highlights the importance of innovation and localization in the renewable energy sector in India.