GreenH Electrolysis, a joint venture between H2B2 Electrolysis Technologies of Spain, and GR Group from India, announced its first, 1 Gigawatt (GW) of its state-of-the-art, PEM electrolyser manufacturing plant in India.
The company has already procured a 97,000 sq.ft. facility in Reliance MET Industrial Park in the Jhajjar district of Haryana, for the first phase of the plant. The cleantech firm has already started installation of the plant and hopes to commence operations by October this year.
Dhiman Roy, Director and CEO, GreenH Electrolysis said that the technology for this would be provided by H2B2 Electrolysis Technologies, our Spanish parent company. This technological expertise is coupled with the project development and EPC experience of GR Group, its Indian parent company, a leading player in the infrastructure sector in India.
“We are all set to commence operations in October with an initial capacity of 100 MW and deliver cutting-edge green hydrogen technology electrolysers to our Indian customers. We have taken a large area to be able to quickly ramp up. In the next two years, we plan to take up this capacity to 500MW in the same premises. For Phase 2, we will procure additional land to expand the capacity to 1 GW,” Roy said.
Anselmo Andrade, CEO, H2B2 Electrolysis Technologies said, “H2B2 is excited to be a part of this growth journey in the green hydrogen space in India. As a global technology company operating in the hydrogen sector through electrolysis, we believe that with the backing of our technological expertise, coupled with the experience and support of GR Promoter Group, GreenH will be able to meet the potential demand for green hydrogen in the country.”
Ashwin Agarwal, Director, GR Promoter Group. said, “This state-of-the-art facility will help meet the demand for electrolysers in India, especially from the commercial and industrial segments and will help enhance India’s hydrogen production capabilities.”
The green hydrogen market in India is at an inflection point and has the potential to grow rapidly. According to the NITI Aayog, a think tank and Rocky Mountain Institute Report, hydrogen demand in India is expected to increase fourfold by 2050 with the steel industry and heavy-duty transportation driving 52% of the demand. It is estimated that India spends over $160 billion of foreign exchange every year on energy imports, a number that could double in the next 15 years.
The ‘National Hydrogen Mission’ was launched to scale up green hydrogen production and align India’s energy transition efforts with global best practices in technology, policy, and regulation. The Mission aims to support the government’s efforts in meeting climate targets and making India a green hydrogen hub.