National Green Hydrogen Mission: Gensol wins PLI bid for advanced electrolyser plant

Gensol Engineering, along with Matrix Gas & Renewables, has won a bid for the manufacturing capacity of an advanced electrolyser plant under the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program.

The SIGHT program is akin to a Production Linked Incentive (PLI) scheme for the Green Hydrogen sector.

The awarded project, with a manufacturing capacity of 63 MW per annum, is positioned to contribute significantly to India’s ambitious goal of producing 5 million metric tons of green hydrogen annually by 2030. 

"This aligns with the national Green Hydrogen Mission, bolstered by the Production Linked Incentive (PLI) scheme, underpinning our collective pursuit of net-zero emissions and sustainable development," the company said in an exchange filing.

"We are immensely thankful for the trust placed in us by the Government of India and our stakeholders. Green hydrogen is pivotal in the world's transition to sustainable energy, and Gensol,
leveraging this opportunity, aims to foster global partnerships, technological exchange, and innovation. Together, we are set to catalyse the adoption of green hydrogen globally, marking a new era in energy sustainability," said Ali Imran Naqvi, CEO (EPC Business), Gensol Engineering Ltd.