In order to build a 250 MW electrolyser manufacturing plant and the Balance of Plant (BoP) for producing green hydrogen at Sanand-II Industrial Estate, a division of Gujarat Industrial Development Corporation (GIDC), Gujarat, Delhi-based Greenzo Energy India Ltd plans to invest $50 million.
By March 2024, the production plant should be finished.
Sandeep Agarwal, Founder and MD, Greenzo Energy India Ltd comments, “This synergy is a big spark to start the development towards green hydrogen generation. We aim at setting up a cost-effective green electrolysis plant, supporting green hydrogen projects, and making our nation self-sufficient in the hydrogen initiative”. The company is planning to route the initial investment towards market research, business development, lab equipment, technology evaluation, and appointing an able workforce.
