Thirteen Companies Selected for Green Hydrogen Electrolysers Manufacturing Incentives in India
Key Ideas
- Thirteen companies, including Adani Enterprises and Waaree Energies, have been awarded capacities eligible for incentives under India's SIGHT scheme for manufacturing electrolysers.
- The SIGHT scheme, part of the National Green Hydrogen Mission, has a total outlay of ₹17,490 crore, with ₹2,200 crore allocated for the second tranche.
- Solar Energy Corporation of India received bids from 23 companies for 1,500 MW, indicating a growing interest in green hydrogen technologies in India.
- The financial bids were categorized into different buckets based on technologies, with a focus on indigenously developed stack technology for green hydrogen production.
The article discusses how thirteen companies, including Adani Enterprises and Waaree Energies, have secured capacities eligible for incentives under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme in India. This financial program, part of the National Green Hydrogen Mission, aims to boost the manufacturing of electrolysers and the production of green hydrogen. With a total outlay of ₹17,490 crore, the second tranche of the scheme has an allocated budget of ₹2,200 crore. The Solar Energy Corporation of India (SECI) received bids from 23 companies for 1,500 MW, showcasing a significant interest in green hydrogen technologies. The financial bids were classified into categories such as any stack technology and indigenously developed stack technology, emphasizing the importance of local innovation in the green hydrogen sector.