Sterling Generators has signed an MoU with a Spanish company called Tecnicas Reunidas to develop a 1 Mega Watt electrolyzer at its Silvassa plant.

This will pave the way for the company to get into the hydrogen economy.

"Our relationship with this company has been developing over the last six months. We had a lot of due diligence activities going back and forth...India and Spain enjoy an excellent business relationship. It's also very easy to work with the Spanish companies...," said the CEO of Sterling Generators Private Limited, Sanjay Jadhav, after the MoU signing ceremony held on Tuesday.

Managing Director, TREI-TECNICAL - Tecnicas Reunidas (Spain), Ignacio Rodriguez, said the project is going to be ready at the end of 2024.

"This agreement is a technical collaboration between Tecnicas Reunidas from Spain and Sterling and Wilson from India to develop a 1 MW electrolyzer demo plant which is going to be installed in Silvassa in Maharashtra and is going to be ready at the end of 2024," Rodriguez said.