Deals14 Aug 2024, 02:38 pm
Gensol Engineering & Matrix Gas Consortium Wins Bid for 237 MW Hydrogen Electrolyser Manufacturing Capacity
AI Summary
Gensol Engineering Ltd and Matrix Gas and Renewables Ltd have secured a cumulative 300 MW capacity under the PLI scheme for hydrogen electrolyser manufacturing. This includes a prior 63 MW awarded in the first tranche of the SECI tender, amounting to Rs. 450 Crore cumulatively incentive. This project will play a significant role in achieving India’s goal of producing 5 million metric tons of green hydrogen annually by 2030.
Key Highlights
- Gensol Engineering Ltd and Matrix Gas and Renewables Ltd have secured a cumulative 300 MW capacity under the PLI scheme for hydrogen electrolyser manufacturing.
- This includes a prior 63 MW awarded in the first tranche of the SECI tender, amounting to Rs. 450 Crore cumulatively incentive.
- The project will play a significant role in achieving India’s goal of producing 5 million metric tons of green hydrogen annually by 2030.
- Winning this PLI capacity under the National Green Hydrogen Mission is a testament to Gensol's commitment and technical capabilities.
- This project opens up new avenues for growth and collaboration in renewable energy for Gensol and Matrix Gas.