Advait Infratech sets up green hydrogen subsidiary in Norway

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Advait Infratech has formed a wholly owned subsidiary, Advait Energy Holding AS, in Norway.

The company will engage in strategic collaboration and investments, services, marketing, manufacturing and exchanging technical know-how in the space of the green hydrogen ecosystem.

In a stock exchange filing, Advait Infratech stated that 100% initial subscription to the share capital in cash by Advait Infratech Limited through ODI route has been submitted.

Notably, Advait Infratech is one of the six firms that emerged as successful bidders for getting government incentives to set up facilities to manufacture electrolysers, a critical component required for green hydrogen production.

Advait Infratech Ltd plans to expand its electrolyzer manufacturing capacity to 200 MW per year by 2025. The company ventured into green energy in 2023, by forming a special purpose vehicle, Greenergy, focusing on electrolyser assembly and manufacturing for hydrogen production, fuel cell supply, and sustainable services like carbon consultancy.  Currently, its electrolyzer manufacturing plant, located in Kadi, Gujarat, has a capacity of 120 MW /year. It produces 0.3/0.5/1 MW electrolysis cell stacks and 2/4/8 MW modules.

 

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