Gensol Engineering, Matrix Gas consortium wins 237 MW hydrogen electrolyser manufacturing capacity under PLI Scheme

Gensol Engineering Ltd, in collaboration with Matrix Gas and Renewables, has emerged as a winner bidder for 237 MW of annual electrolyzer manufacturing capacity under the government’s production-linked incentive (PLI) scheme. With this, it has secured a cumulative 300 MW capacity under the PLI tender launched by Solar Energy Corp. of India (SECI), including 63 MW awarded in the first round.

August 16, 2024 Uma Gupta

Image: US Department of Energy

Gensol Engineering, in collaboration with Matrix Gas & Renewables, has emerged as a winning bidder for setting up 237 MW of annual electrolyzer manufacturing capacity under the government’s production linked incentive (PLI) scheme. It secured the capacity through competitive bidding in an auction by Solar Energy Corp. of India (SECI).

With the latest addition, the Gensol-Matrix consortium has secured a cumulative 300 MW capacity, including 63 MW awarded in the first tranche of the SECI tender, with incentives totalling INR 450 crore under the PLI scheme.

The PLI Scheme, issued by the Ministry of New and Renewable Energy (MNRE) under the National Green Hydrogen Mission, marks a significant milestone in India’s renewable energy landscape. Electrolyser is the key component for production of green hydrogen and its derivatives. The Scheme for incentivizing hydrogen electroyzer manufacturing will play a pivotal role in achieving India’s goal of producing 5 million metric tons of green hydrogen annually by 2030.

Both Gensol and Matrix are promoted by common promoters and intend to continue to collaborate in green hydrogen and its derivates domain leveraging their respective skill sets.

Established in 2012, Gensol Engineering provides solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions. It has executed over 770 MW of diverse solar projects, encompassing rooftop, ground mount, and floating solar installations across India. In Sep 2023, Gensol acquired Scorpius Trackers, a single-axis solar tracking solution provider, to enhance its offerings in the renewable energy sector. Venturing beyond solar, Gensol has established a state-of-the-art electric vehicle (EV) manufacturing facility in Chakan, Pune (India), with a production capacity of 30,000 vehicles per annum.

Matrix Gas & Renewables Ltd is a fast-growing green hydrogen infrastructure developer and natural gas aggregator,

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