Green hydrogen | New Indian electrolyser player to expand factory to 1GW after order book reaches $148m

Greenzo Energy asserts that its apparatus stands out as the singular alkaline electrolyser crafted and produced within India thus far. Recently introduced by the New Delhi-based company, these first two alkaline electrolysers represent a milestone in domestic technological advancement for green hydrogen production. Originally established as an engineering consultancy specializing in renewable energy, as well as projects involving green hydrogen and ammonia, Greenzo Energy recognized a potential bottleneck in India's green hydrogen endeavors related to electrolyser mass production.

Founder and Managing Director Sandeep Agarwal highlights that the company pivoted towards developing alkaline technology tailored for Indian environmental conditions, prioritizing robust performance and minimal maintenance throughout the equipment's lifespan. This initiative involved leveraging locally available materials and equipment to ensure self-sufficiency, with all designs and technology being entirely indigenous.

While competitor Larsen & Toubro recently commissioned its inaugural domestically manufactured electrolyser, collaborating with local partners across the supply chain, Greenzo Energy stands apart by exclusively relying on its own technology and designs, rather than licensing external intellectual property. Presently, Greenzo Energy has engineered electrolyser stacks capable of reaching 5MW in size, accompanied by complementary balance-of-plant equipment.

With ambitious plans for expansion, Greenzo Energy announced a substantial investment in a manufacturing facility in Ahmedabad, Gujarat. Originally slated for a 250MW capacity, the company now aims for a production capacity of 1GW annually, reflecting a surge in demand fueled by a significant order backlog worth billions of rupees. Moreover, Greenzo Energy intends to participate in the Indian government's subsidy program for electrolyser manufacturing, emphasizing the promotion of domestic design prowess without reliance on international licensing agreements.

The company's commercial successes extend beyond India, with notable sales of 6MW worth of alkaline electrolysers, integrated with fuel cells, destined for a project in Oman aimed at powering operations in one of the country's airports using green hydrogen. While specifics of additional orders remain undisclosed, Agarwal confirms that the exportation of such equipment will hinge upon rigorous third-party inspection and testing protocols.