Gensol-Matrix secures 237 MW hydrogen electrolyzer manufacturing bid

16 Aug 2024 CW Team

Gensol Engineering, in partnership with Matrix Gas & Renewables, has won a bid for a 237 MW hydrogen electrolyzer manufacturing capacity under the Production Linked Incentive (PLI) program. This award, secured through a competitive tender by the Solar Energy Corporation of India (SECI), is part of a larger 300 MW capacity allocated to the consortium, including a previous 63 MW from the first tranche of the SECI tender. The total incentive for this capacity is Rs 4.5 billion.

The Ministry of New and Renewable Energy has allocated Rs 44.4 billion to promote electrolyzer manufacturing under the National Green Hydrogen Mission (NGHM), aimed at reducing hydrogen production costs. The NGHM, approved by the Union Cabinet in January with an initial budget of Rs 197.44 billion, seeks to foster demand, production, and export of green hydrogen, targeting 5 million metric tons of annual production by 2030.

Electrolyzers are vital for generating green hydrogen and its derivatives. Anmol Jaggi, Managing Director, Gensol Engineering, emphasised that winning this PLI capacity underscores the company?s commitment and technical prowess in the green hydrogen sector, paving the way for further growth and collaboration in renewable energy.

Chirag Kotecha, Whole-time Director at Matrix Gas & Renewables, highlighted that the successful bid reflects the consortium's technological expertise and manufacturing capabilities. He noted that the electrolyzer manufacturing initiative is key to their strategy for large-scale decarbonization through green hydrogen, aligning with their goal of positioning India as a leader in sustainable, low-carbon energy.

The Gensol-Matrix collaboration is poised to capitalise on their combined strengths in green hydrogen and related areas, including green steel and green ammonia. (Mercom)

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..