Gensol Engineering and Matrix Gas Secures Contract for India's First Bio-Hydrogen Project

09 Sep 2024 CW Team

A consortium of Gensol Engineering and Matrix Gas & Renewables has won a Rs.1.64 billion (~$19.53 million) engineering, procurement, and construction (EPC) contract to develop India's first bio-hydrogen project. The facility will convert 25 tons of bio-waste into one ton of green hydrogen daily and is expected to be completed within 18 months, according to a filing by Gensol.

The project will use cutting-edge Pre-Gasification Plasma-Induced Radiant Energy-Based Gasification System technology, developed by U.S.-based Westinghouse, with which Gensol has formed a strategic partnership. Westinghouse has successfully implemented similar projects globally.

In a separate move, Gensol Engineering announced the acquisition of a 99.99% equity stake in Gridstor Energy, investing Rs.99,990 (~$1,191). Through Gridstor, Gensol plans to focus on renewable energy projects involving solar, wind, and battery storage systems.

Additionally, Gensol has expanded into the U.S. market with the launch of its Delaware-based subsidiary, Scorpius Trackers, targeting the rapidly growing solar tracker market. The company aims to supply over 2,000 MW of solar trackers annually by 2028, with its first U.S. office located in California.

Gensol also emerged as a winning bidder in SECI's auction for a 237 MW hydrogen electrolyzer manufacturing capacity, further advancing its renewable energy portfolio in collaboration with Matrix Gas & Renewables.

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