12 Feb 2024
Advanced Manufacturing and Global Partnerships to Spur Clean Energy Transition
Key Takeaways:
Gensol Wins SIGHT Bid: Secures funding for a 63 MW/year electrolyser plant under the Green Hydrogen program.
Contributing to 5 Million Ton Goal: Supports India's ambitious target for green hydrogen production by 2030.
Aligning with National Mission: Project aligns with Production Linked Incentive scheme and net-zero emission goals.
Gensol's Commitment: Aims to foster global partnerships, technology exchange, and innovation for green hydrogen adoption.
India's National Green Hydrogen Mission gains momentum! Gensol Engineering, in partnership with Matrix Gas & Renewables, has won a bid to establish a cutting-edge electrolyser plant with a capacity of 63 MW per year. This significant development under the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program paves the way for increased green hydrogen production and aligns with India's ambitious target of 5 million metric tons annually by 2030.
Highlights of the Project:
Gensol's Victory: The company stands to benefit from PLI scheme incentives, supporting its manufacturing capabilities.
National Mission Alignment: Contributes to achieving sustainable development and net-zero goals.
Global Collaboration: Gensol seeks to leverage the opportunity for international partnerships and technology exchange.
Impact on Green Hydrogen Adoption: Project holds potential to accelerate the global transition towards clean energy.
Looking Ahead:
This project marks a significant leap forward for India's green hydrogen ambitions. Gensol's commitment to innovation and global collaboration, coupled with the government's supportive initiatives, positions India as a key player in shaping the future of sustainable energy.