Gensol Engineering Ltd and Matrix Gas & Renewables Ltd have won a significant contract under India’s Production Linked Incentive (PLI) scheme for hydrogen electrolyser manufacturing. The consortium secured a 237 MW hydrogen electrolyser manufacturing capacity through a competitive tender by the Solar Energy Corporation of India (SECI).
With this latest win, the consortium’s total secured capacity has reached 300 MW, including a previous award of 63 MW under SECI’s first tranche. The total incentive granted under the PLI scheme amounts to ₹450 crore.
This PLI scheme is an integral component of India’s National Green Hydrogen Mission, launched by the Ministry of New and Renewable Energy (MNRE). The mission plays a pivotal role in India’s renewable energy strategy, with electrolyser manufacturing being crucial for the production of green hydrogen—a key element in global decarbonisation efforts.
Chirag Kotecha, Whole-Time Director of Matrix Gas & Renewables, emphasized the importance of the initiative, stating, “The electrolyser manufacturing initiative is central to our strategy for large-scale decarbonisation through green hydrogen, aligning with our vision of establishing India as a leader in sustainable, low-carbon energy.”
The project is expected to contribute significantly to India’s ambitious goal of producing five million metric tons of green hydrogen annually by 2030. Kotecha added, “This achievement amid stiff competition from major conglomerates highlights our technological expertise and manufacturing experience.”
Anmol Jaggi, Managing Director of Gensol Engineering, highlighted the consortium’s success in the PLI scheme, noting, “Winning this PLI capacity under the National Green Hydrogen Mission is a testament to our commitment and technical capabilities. It not only strengthens our position in the green hydrogen sector but also opens up new avenues for growth and collaboration in renewable energy.”
Gensol and Matrix Gas, promoted by common stakeholders, plan to continue their collaboration in the green hydrogen sector. They will focus on producing green derivatives such as green steel and green ammonia, leveraging their combined expertise to advance India’s energy transition and decarbonisation efforts.
