A Gensol Engineering and Matrix Gas consortium has been granted manufacturing capability for a 63MW electrolyser plant.

The grant got here beneath the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) programme and can assist the challenge in advancing India’s hydrogen ambitions of manufacturing 5 million metric tonnes yearly by 2030.

Expected to have a producing capability of 63MW, the challenge is slated to align with the National Green Hydrogen Mission, bolstered by the Production Linked Incentive (PLI) scheme.

India’s National Green Hydrogen Mission is deliberate to ship Rs. 19,744 crores ($2.3bn) till 2029-30. Under the SIGHT programme, two distinct monetary incentive mechanisms – concentrating on home manufacturing of electrolysers and inexperienced hydrogen manufacturing – had been launched to chop emissions and drive exports.

Read extra:India approves $2bn incentive plan to boost green hydrogen

Ali Imran Naqvi, CEO (EPC) Business at Gensol Engineering, claimed the consortium will catalyse the adoption of inexperienced hydrogen globally, “marking a new era in energy sustainability.”

“Selected amidst stiff competition from major conglomerates, our consortium stands out for its technological expertise and manufacturing experience,” added Chirag Kotecha, Whole-Time Director at Matrix Gas and Renewables Limited.

“We are eager to harness our collective capabilities to establish a state-of-the-art electrolyser manufacturing facility, propelling India towards a sustainable, low-carbon future,” he added.

The announcement comes after an India Hydrogen Alliance (IH2A) report estimated the addressable marketplace for Indian-manufactured hydrogen gear might attain $50bn by 2030 – with $9bn earmarked for home manufacturing plant gear.

Read extra: India’s hydrogen equipment market could reach $50bn by 2030, says IH2A