New joint venture formed to propel India’s hydrogen economy

H2B2 Electrolysis Technologies and GR Promoter Group have formed a new joint venture to develop hydrogen solutions. Named GreenH Electrolysis, the joint venture will engage in the manufacture of electrolyzers and development of green hydrogen production plants based on off-take agreements.

The first project of the newly established company will be the deployment of an electrolyzer production plant with an initial production capacity of 100 MW, later to be ramped up to the GW scale. Construction is expected to start in early 2023.

Operating in the Indian market, with the possibility to extend its activities to other countries in Asia, GreenH Electrolysis will cover the entire hydrogen value chain, including innovation, design, engineering, manufacturing, integration, financing and O&M for modular hydrogen production systems and ad hoc/industrial solutions.

Through this strategic partnership, H2B2 Electrolysis Technologies (H2B2) and GR Promoter Group will integrate their complementary resources and expertise. H2B2 brings to GreenH Electrolysis two decades of experience in hydrogen production, processing, and technology development, while GR Promoter Group will lead the project development and the O&M of the facilities, thanks to its extended experience and knowledge in the construction and development of key infrastructures across the country.

A year after India announced their National Hydrogen Energy Mission (NHM), aimed at meeting its climate targets and making the country a green hydrogen hub, the Government has pushed for different policies to achieve its ambitious goals. According to NITI Aayog, the premier policy think-tank of the Government of India, India should be able to have the world’s largest electrolysis capacity for green hydrogen generation of over 60 GW/5 million tonnes by 2030 for domestic consumption and the world’s largest electrolyzer annual manufacturing capacity of 25 GW by 2028 for both domestic and international markets.

HTW Editorial Team

HTW Editorial Team

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