Gensol, Matrix Gas consortium win PLI bid for 63-MW green hydrogen electrolyser capacity – EQ
In Short : A consortium of Gensol Group and Matrix Gas Technologies has won a bid under the Production Linked Incentive (PLI) scheme for the establishment of 63 MW green hydrogen electrolyzer capacity. This initiative aligns with India’s push towards promoting green hydrogen production and fostering a sustainable energy ecosystem. The PLI scheme aims to boost domestic manufacturing of green hydrogen technologies and incentivize companies contributing to the nation’s hydrogen economy.
In Detail : The awarded project, with a manufacturing capacity of 63 MW per annum, is strategically positioned to contribute significantly to India’s ambitious goal of producing 5 million metric tons of green hydrogen annually by 2030.
Gensol Engineering Ltd, a sustainable energy solutions company, together with Matrix Gas & Renewables Ltd, a green hydrogen infrastructure developer and natural gas aggregator, announced the grant of manufacturing capacity for an advanced Electrolyser Plant under the auspices of the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program.
The awarded project, with a manufacturing capacity of 63 MW per annum, is strategically positioned to contribute significantly to India’s ambitious goal of producing 5 million metric tons of green hydrogen annually by 2030.
Ali Imran Naqvi, CEO (EPC Business), Gensol Engineering Ltd, said, “We are immensely thankful for the trust placed in us by the Government of India and our stakeholders. This milestone is not just a testament to our commitment to India’s green hydrogen mission but also a beacon of our aspiration to drive global decarbonization efforts. Green hydrogen is pivotal in the world’s transition to sustainable energy, and Gensol, leveraging this opportunity, aims to foster global partnerships, technological exchange, and innovation. Together, we are set to catalyse the adoption of green hydrogen globally, marking a new era in energy sustainability.”
“It is a privilege for the Matrix and Gensol consortium to be chosen for this distinguished project, signalling a monumental leap in India’s green hydrogen development. Selected amidst stiff competition from major conglomerates, our consortium stands out for its technological expertise and manufacturing experience. Electrolyser manufacturing is a cornerstone of our strategic initiative, aligning seamlessly with our ambition for large-scale decarbonization through the deployment of green hydrogen production plants. This endeavour supports our commitment to engineering, procurement, commissioning, as well as build-own-operate models for our esteemed clientele. We are eager to harness our collective capabilities to establish a state-of-the-art Electrolyser manufacturing facility, propelling India towards a sustainable, low-carbon future,” said Chirag Kotecha, Whole-time Director at Matrix Gas and Renewables Limited.
Gensol & Matrix are both promoted by common promoters and will continue to collaborate in the Green Hydrogen domain taking benefit of the skill sets of each entity.
