Adar Poonawalla-backed homiHydrogen, a joint venture of h2e Power Systems, BlueBasic AMA Engineering (H2energy, Italy), and Greenstat Hydrogen India, has announced plans to set up an electrolyzer factory with a capacity of 1.5 GW per year in India.
The $50 million project will start production in 2023 and cater to the domestic and export markets. It is expected to create about 300 new green jobs.
Siddharth R Mayur, founder and managing director of h2e Power, said, “homiHydrogen is an initiative to build ethical, sustainable, inexpensive and state-of-the-art electrolysers that will cater to the domestic needs and exports. homiHydrogen stands unique with its focus not only on electrolyzers but also critical components like rectifiers and transformers, R&D and last-mile solutions.”
The venture will manufacture alkaline, anion exchange membrane (AEM), proton exchange membrane (PEM), and solid oxide electrolyzers (SOEs).
“An offset of h2e Power System, India’s first green hydrogen and fuel cell company, homiHydrogen harbors value and expertise to become the first company to provide all four commercially available electrolyzers,” stated homiHydrogen.
homiHydrogen also announced its association with Oil India Ltd, the nation’s second-largest oil and gas explorer, to build an effective green hydrogen value chain in the country.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.