H2B2 Electrolysis Technologies and G R Promoter Group have launched a joint venture to develop hydrogen solutions with plans to deploy a giga-scale electrolyser production plant in India. Hydrogen Industry Leaders investigates how the plant will help boost India’s hydrogen economy.
Named GreenH Electrolysis, the joint venture will begin with deploying an electrolyser production plant with an initial capacity of 100MW with plans to escalate to a gigafactory.
GreenH has said although, to begin with, the primary focus will be on the Indian market, the plan is to extend its activities into other countries in Asia.
It comes just over a year after the unveiling of India’s hydrogen strategy, and the venture hopes its operations in India will contribute to meeting the ambitious goal of boosting a green hydrogen generation capacity of five million tonnes a year by 2030.
Florencio Ferrera, CEO of H2B2, and Co-Director of GreenH, said, “This announcement is in line with H2B2’s objective to be present in the promising Indian Green Hydrogen market. We will work together to drive the growth of India’s hydrogen production capabilities thanks to our proven specialisation in electrolysers and hydrogen technology.”