Gensol Engineering Ltd, a sustainable energy solutions provider, and Matrix Gas & Renewables Ltd, a green hydrogen infrastructure developer and natural gas aggregator, have announced the grant of government incentives for their electrolyzer plant under the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program.
The awarded project will have a manufacturing capacity of 63 MW per annum.
Gensol and Matrix won the capacity in the first round of the PLI Scheme under the National Green Hydrogen Mission.
Ali Imran Naqvi, CEO (EPC business), Gensol Engineering Ltd, stated, “Green hydrogen is pivotal in the world’s transition to sustainable energy, and Gensol, leveraging this opportunity, aims to foster global partnerships, technological exchange, and innovation.” Together, we are set to catalyse the adoption of green hydrogen globally, marking a new era in energy sustainability.”
“Electrolyser manufacturing is a cornerstone of our strategic initiative, aligning seamlessly with our ambition for large-scale decarbonization through the deployment of green hydrogen production plants. This endeavour supports our commitment to engineering, procurement, commissioning, as well as build-own-operate models for our esteemed clientele,” said Chirag Kotecha, whole-time director at Matrix Gas and Renewables Ltd.
Both Gensol and Matrix are promoted by common promoters and will continue to collaborate in the green hydrogen domain, leveraging their respective skill sets.
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