GreenZo Energy to Invest Rs 3-4 Bn on 250MW Electrolyser Factory in India by 2025

With an aim to tap the emerging green hydrogen market in India, renewable energy consultant GreenZo Energy is planning to set up a full-fledged made-in-India 250 MW electrolyser factory with an investment of Rs 3-4 billion by the end of 2025.
 
The move will help in increasing the availability of end-to-end solutions within the country and cut down dependence on imports for this key equipment. Local production of electrolyzers is crucial to bring down the cost of green hydrogen to $1-$2 per kilogram by 2030.
 
Besides, Sandeep Agarwal, Founder and Chairman of GreenZo Energy has also announced an investment of more than Rs 70 million on the R&D (Research & Development) department for the 250 MW PEM technology production of the green hydrogen electrolyzer in 2022-23.
 
The company said that it has a highly credible R&D team, comprising experienced members of ex-NTPC and ex-IIT Bombay, in New Delhi. They are committed to discovering the safest and most effective solutions for using green hydrogen energy for the electrolysis process.
 
These developments have now put GreenZo Energy on the map of green hydrogen development worldwide, said Sandeep Agarwal.
 
“It’s heartening and encouraging to find the company’s name featuring among key players in green hydrogen development. It is after all the need of the hour, and we are committed to help the country achieve its zero-carbon emission target,” he added.
 
Agarwal further said “there is a reason why green hydrogen is creating such a buzz in the world today. It has emerged as a key fuel that will play a crucial part in achieving a sustainable energy future and the time to build that is now. It will be adopted in sectors such as steel and ammonia where it is critical.”
 
The company also claimed that it will also be providing the safest solutions for storing, production and generation as well as transportation of green hydrogen energy in the world of new renewable technology globally.