Ethanol & Bioenergy News in English

India’s first green hydrogen valley to come up in Pune

Gensol Engineering Ltd has secured the bid to create India’s first green hydrogen valley in Pune, partnering with Matrix Gas & Renewables. Matrix will build and operate the green hydrogen production facility under a Build Own and Operate (BOO) model for 20 years, supplying to the specialty chemical sector. This project supports India’s green hydrogen economy and follows Gensol’s recent successes in bio-hydrogen, solar power, and U.S. market entry.

Gensol Engineering Ltd has announced its successful bid, to create India’s inaugural green hydrogen valley project in Pune.The company will be collaborating with Matrix Gas & Renewables, a firm specializing in green hydrogen infrastructure development and natural gas aggregation.This pioneering initiative is being supported by the National Chemicals Laboratories (NCL), that is based in Pune.

Production details

Matrix to build and operate the production plant

Matrix has committed to constructing and managing the green hydrogen production facility.The company will operate on a Build Own and Operate (BOO) model, supplying green hydrogen to the specialty chemical sector for a span of 20 years.This strategic partnership was formed after a competitive tender process, where both Gensol and Matrix emerged as the top contenders based on technical and commercial criteria.

Future plans

Commitment to India’s green hydrogen economy

Anmol Singh Jaggi, the Managing Director of Gensol, stated that the company plans to provide green hydrogen to Pune’s specialty chemical sector on a 24/7 basis.This move is aimed at fostering the growth of India’s green hydrogen economy.In their exchange filing, Gensol revealed that both companies share common promoters and will continue their collaboration in areas, related to green hydrogen and its derivatives like green steel and green ammonia.

Company growth

Gensol’s recent achievements and future prospects

Gensol recently secured India’s inaugural bio-hydrogen project and a solar power project in Gujarat.The company also made its entry into the US market in August.As one of the largest project developers for standalone battery energy storage systems, Gensol continues to make strides in renewable energy.In the June quarter, it bagged its first project under Kusum Yojana for 116MW capacity.

To read more about Ethanol Industry News, continue reading Agriinsite.com

Source Link : https://www.newsbytesapp.com/news/business/gensol-to-make-india-s-first-green-hydrogen-valley/story

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Latest

To Top