Gensol Engineering, in partnership with Matrix Gas & Renewables, has secured a bid to manufacture 237 MW of hydrogen electrolyzers under the Production Linked Incentive (PLI) program. The award, given by the Solar Energy Corporation of India (SECI), is part of a larger 300 MW allocation, which includes a previous 63 MW from SECI’s initial tranche. The total incentive for this capacity is ₹4.5 billion.
This initiative is supported by the Ministry of New and Renewable Energy, which has allocated ₹44.4 billion to promote electrolyzer manufacturing under the National Green Hydrogen Mission (NGHM). The NGHM, approved by the Union Cabinet in January with an initial budget of ₹197.44 billion, aims to reduce hydrogen production costs and support the production, demand, and export of green hydrogen, targeting 5 million metric tons of annual production by 2030.
Electrolyzers are crucial for generating green hydrogen and its derivatives. Anmol Jaggi, Managing Director of Gensol Engineering, highlighted that winning this PLI capacity showcases the company’s commitment and expertise in the green hydrogen sector, paving the way for further growth. Chirag Kotecha, Whole-time Director at Matrix Gas & Renewables, emphasized that the successful bid reflects the consortium’s technological expertise and strategic focus on large-scale decarbonization through green hydrogen. The collaboration aims to leverage their combined strengths in green hydrogen, green steel, and green ammonia.
