Gensol Engineering has a won a bid for 237 MW annual capacity under Production Linked Incentive (PLI) scheme for setting up electrolyser manufacturing plant. This bid was secured through a competitive tender by Solar Energy Corporation of India (SECI).
Gensol Engineering is specializing in solar engineering, procurement, and construction (EPC) and electric mobility solutions. Its partner is Matrix Gas & Renewables, a green hydrogen infrastructure developer and natural gas aggregator.
The Gensol-Matrix consortium has secured a cumulative 300 MW capacity, including a prior 63 MW awarded in the first tranche of the SECI tender that equates to Rs 450 crore cumulatively incentive under the PLI (Production Linked Incentive) scheme.
Electrolyser is the key component for production of Green Hydrogen and its derivatives. This project will play a pivotal role in achieving India’s goal of producing 5 million metric tons of green hydrogen annually by 2030.