GreenZo Energy to develop 250 MW electrolyser factory by 2025-end

03 Jun 2022 CW Team

A Delhi-based renewable energy consultancy, GreenZo Energy, told the media that it plans to develop a 250-megawatt (MW) green hydrogen electrolyser factory with a Rs 300 crore to Rs 400 crore investment by the end of 2025.

According to the official press release, this would ensure the availability of end-to-end solutions within the nation and would decrease dependence on imports for this major equipment.

The company has also declared over Rs 7 crore investment in the research and development (R&D) department for the 250 MW proton exchange membrane technology production of the green hydrogen electrolyser in 2022-23.

Founder, and chairman of GreenZo Energy, Sandeep Agarwal, told the media that Green hydrogen has emerged as a key fuel that will play a vital part in reaching a sustainable energy future, and the time to build that is now. It will be adopted in sectors such as steel and ammonia where it is necessary.

The company also strives to give solutions for storing, production, generation, and transportation of green hydrogen.

The firm has projects cumulating up to 1,500 MW.

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Also read: India & Germany signs pact for Indo-German Green Hydrogen Task Force

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