Gensol-Matrix secures 237 MW hydrogen electrolyzer manufacturing bid
POWER & RENEWABLE ENERGY

Gensol-Matrix secures 237 MW hydrogen electrolyzer manufacturing bid

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)

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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)

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?