Jakson Green, an enterprise dealing in energy transition, has recently disclosed that the company is on the brink of an exciting milestone in the energy transition landscape. In the upcoming months, they are expected to dispatch their inaugural green hydrogen electrolyzer. Additionally, Jakson Green has also reached an advanced phase of collaboration with technology providers dedicated to the manufacturing process of these electrolysis units.
“We are evaluating partnerships and have narrowed down a small pool of companies who are currently under evaluation for various technologies including PEM, AEM, or alkaline,” said Bikesh Ogra, Managing Director and Chief Executive Officer, Jakson Green, as per the reports of a leading newspaper. Mr Orgra has also emphasized the forthcoming shipment of their inaugural electrolyzers within a few months, marking the initiation of full-scale production in the upcoming fiscal year. These collaborative ventures will encompass manufacturing operations in India and overseas, spanning both domestic and international landscapes. The company, is, therefore, in advanced stages for partnering with technology providers for green hydrogen electrolyzer manufacturing. Several months ago, the company inaugurated a manufacturing facility dedicated to producing electrolyzers with a capacity of 100 megawatts (MW). Presently, Mr Ogra has disclosed intentions to significantly scale up this production plant to a capacity of one gigawatt, showcasing an ambitious expansion plan for the near future.
As per reports, the company is also in touch with maritime shipping lines to supply them with green methanol at ports. The company intends to target 8-10 percent of the overall mix of the total production of green molecules which is in the form of methanol, ethanol, as Mr Ogra reportedly informed to the resources. In collaboration with NTPC, there’s an operational facility designed for the production of green methanol, capable of processing 10 tonnes per day. This innovative plant captures carbon dioxide from the flue gases emitted by thermal power plants. Through the process of electrolysis, hydrogen is extracted and subsequently combined within a reactor to generate green methanol.
Mr Ogra has also mentioned that the plant is slated for commissioning in the final quarter of this year. Methanol stands out as a more environmentally friendly fuel option, possessing versatility for applications in power generation and transportation among others. Looking ahead, the company has outlined an ambitious goal of achieving a production capacity of 0.5 million metric tons per annum for green hydrogen and its associated derivatives by the year 2030. Furthermore, they are actively engaging in bidding processes to secure participation in relevant projects. The company is right now participating in a bid for a port land allocation at one of the green hydrogen hubs in India.
Mr Ogra has further elaborated that the present magnitude of investments doesn’t heavily rely on capital-intensive measures. Instead, it predominantly revolves around initial developmental phases, such as conducting environmental impact assessments, identifying key factors, establishing flexible lease agreements with involved parties, ensuring power connectivity, and preparing detailed project reports (DPR) for the undertaking. “These early-stage developments are critical and would attract a healthy pool of partners. For us right now the outgo is very meager in terms of the capital. We have been talking to a host of players to partner with us on both the equity as well as the debt side of it. So, our outgo would be the developmental costs which are very minimalistic,” said Mr Ogra, as per reports.
In addition to the memorandum of understanding (MoU) recently established between the company and the Rajasthan government for the gradual implementation of a project dedicated to producing green hydrogen and green ammonia, there is an ongoing exploration of opportunities in other regions. Specifically, the company is actively considering states like Gujarat, Tamil Nadu, and Odisha as potential avenues for the expansion of export-oriented initiatives. This strategic approach involves a deliberate focus on scaling up operations aimed at catering to international markets, diversifying the geographical scope, and harnessing the potential of these regions for advancing sustainable energy solutions, as indicated by the company representative.
