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Image Source : Energyinfra market Screenshot 2024 06 03 125046

Gensol and Matrix Gas Win Rs 450 Cr PLI Scheme for Hydrogen Electrolyser Insight

Last Update 14 August 2024

Gensol Engineering and Matrix Gas have secured a Rs 450 crore Production-Linked Incentive (PLI) scheme to manufacture a 237 MW hydrogen electrolyser. This project, part of India’s National Green Hydrogen Mission, aims to bolster India's green hydrogen production and support its goal of five million metric tons annually by 2030.

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The recent success of Gensol Engineering and Matrix Gas in securing the PLI scheme for manufacturing a 237 MW hydrogen electrolyser highlights the shifting dynamics in India's energy sector. This win reflects the growing emphasis on local manufacturing, essential for driving down costs and making green hydrogen competitive. By fostering indigenous production capabilities, India is not just aiming to meet domestic energy needs but also positioning itself as a global leader in the green hydrogen economy. The PLI scheme acts as a catalyst for innovation, pushing companies to develop more efficient and scalable solutions. This, in turn, will accelerate the adoption of green hydrogen, a crucial element in India’s broader energy transition strategy. The move signifies a deeper commitment to reducing carbon emissions and achieving energy security, while also creating new avenues for collaboration and growth in the renewable sector.

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