Adani New Industries Ltd is looking to set up cumulative electrolyser manufacturing capacity of 5 GW with an investment of up to $3 billion.
 

The company plans to set up 2 GW capacity by FY25. It would manufacture indigenous alka- line electrolysers under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme of the hydrogen mission.

Alkaline electrolyzers are used for producing green hydrogen and are said to be less expensive than other technologies such as proton exchange membrane.

Adani New Industries Ltd would initially establish 198.5 MW capacity and get an incentive of up to 293.78 crore from the government under SIGHT.

Under this scheme, the government will give alkaline elec- trolyser manufacturers incen- tives till FY30. Companies need to set up facilities within two years after receiving the letter of award under the plan.

"After the pilot project is successfully executed, the company plans to initially set up 2 GW capacity for commercial operations, which would then be ramped up to a minimum of 5 GW," said one of the persons cited above.