Gensol Engineering Limited, a prominent player in the renewable energy sector, along with Matrix Gas & Renewables Ltd, a leading developer in green hydrogen infrastructure and natural gas aggregation, has emerged victorious in securing a 237 MW annual capacity under the Production Linked Incentive (PLI) scheme for establishing an electrolyser manufacturing plant. This achievement was accomplished through a competitive tender process organized by the Solar Energy Corporation of India (SECI).
The successful bid by the Gensol-Matrix consortium marks a significant milestone in India’s renewable energy landscape, particularly under the National Green Hydrogen Mission. Electrolysers, which are critical for producing green hydrogen and its derivatives, will play a key role in the nation’s ambitious goal of generating 5 million metric tons of green hydrogen annually by 2030.
The consortium’s cumulative capacity now stands at 300 MW, including a previous 63 MW awarded during the first tranche of the SECI tender. This total capacity is expected to bring in Rs. 450 Crore in incentives under the PLI scheme, solidifying the consortium’s leadership in the green hydrogen sector.
Commenting on the consortium’s achievement, Anmol Jaggi, Managing Director of Gensol Engineering Ltd., stated, “Winning this PLI capacity under the National Green Hydrogen Mission is a testament to our commitment and technical capabilities. It not only strengthens our position in the green hydrogen sector but also opens up new avenues for growth and collaboration in renewable energy.”
Chirag Kotecha, Whole-time Director at Matrix Gas and Renewables Ltd., added, “Securing the PLI bid for this prestigious project amidst stiff competition from major conglomerates highlights our technological expertise and manufacturing experience. The electrolyser manufacturing initiative is central to our strategy for large-scale decarbonization through green hydrogen, aligning with our vision of establishing India as a leader in sustainable, low-carbon energy.”
Both Gensol and Matrix, promoted by common stakeholders, plan to continue their collaboration in the green hydrogen and derivatives sector, including green steel and green ammonia. By leveraging the unique skill sets of each entity, the consortium aims to further contribute to India’s decarbonization efforts and establish itself as a key player in the global green energy market.
