In an audacious move that transcends national boundaries, Greenzo Energy India Limited has recently inked a Memorandum of Understanding (MoU) with Nepal’s Renowned Public Limited company to embark on a revolutionary 50 MW hydrogen project. This landmark collaboration not only underscores the shared commitment of these nations to sustainable energy solutions but also highlights Nepal’s escalating significance in the burgeoning green hydrogen market.
India’s Vanguard Role in the Green Hydrogen Revolution
At the forefront of the global green hydrogen revolution, India has positioned itself as a trailblazer. Esteemed players in the oil and gas sector—ONGC, HPCL, IOCL, and GAIL—have resolutely pledged their commitment. Bolstering this commitment are visionary government policies encompassing the indigenous production of cutting-edge electrolyser technology and an array of incentives. India’s journey toward Net Zero Emissions (NZE) is further marked by sectoral obligations, gas network blending, dedicated pipelines, and strategic incentives for end-user sectors.
Navigating Regulatory Waters: A Blueprint for Sustainable Financing
Securing the coveted green tag under the EU’s Sustainable Finance Disclosure Regulations requires adherence to stringent norms. Here, the establishment of the European Hydrogen Bank (EHB) stands as a pivotal milestone, fortifying the hydrogen value chain and instilling confidence within the market.
Global Dynamics: Beyond European Shores
While the vanguard efforts of European nations, such as Denmark and Germany, set the pace, the achievement of green hydrogen milestones mandates a broader perspective. Infrastructure augmentation beckons beyond European shores, particularly in the renewable energy-rich regions of North Africa and the Middle East. This expansive vision aligns with a global push toward sustainability.
Greenzo’s Visionary Investment: Electrolyser Manufacturing Plant
Adding a substantial chapter to this narrative, Greenzo Energy India Limited is set to make a staggering investment of Rs 3,500 crore in establishing an electrolyser manufacturing plant at Sanand GIDC. This monumental project is slated to witness the esteemed presence of Union Home Minister Amit Shah and Chief Minister Bhupendra Patel at its groundbreaking ceremony on 24 October 2023 , underscoring the high-profile attention and support it commands.
According to Greenzo Energy’s Managing Director, Sandeep Agarwal, the company is poised to manufacture 1, 2, and 5MW alkaline electrolysers crucial for the green hydrogen sector. This multi-billion investment will unfold over five years, commencing with an initial infusion of Rs 350 crore in the first phase. The plant is anticipated to boast a capacity of 125MW in its initial phase, with ambitious plans to double manufacturing capacity every two years. The ultimate goal is an impressive 1 GW capacity within four to five years.
Agarwal, emphasizing the ambitious timeline, aims to complete the plant within seven months, highlighting the urgency and commitment to advancing green hydrogen technology. Notably, Greenzo Energy has already amassed an order book worth Rs 1,100 crore, a testament to the surging market demand for these green innovations. With 13,777 sq m of land secured at Sanand GIDC Ahmdabad Gujrat , Greenzo Energy’s visionary electrolyser manufacturing plant is poised to lead India’s charge in the green hydrogen manufacturing landscape.
Conclusion: Forging a Greener Tomorrow, Together
As Greenzo Energy pioneers a transformative partnership with Nepal and India leads the charge in the global green hydrogen revolution, the future appears promising. The collaborative spirit witnessed in this cross-border initiative not only underscores the urgency of combating climate change but also sets the stage for a collective vision—a vision where nations, united in purpose, forge a path toward a sustainable and resilient tomorrow.