Greenzo Energy India investing 3,500 crore for electrolyzer plant in Gandhinagar

Kathmandu; Greenzo Energy India Limited is a renowned green energy based company is set to invest Rs 3,500 crore to set up an electrolyser manufacturing plant at Sanand GIDC Gandhinagar, Inida. During the groundbreaking of that plant the union home minister Amit Bhai Shah and chief minister Bhupendra Patel were to attended.

Sandeep Agarwal the Managing Director of Greenzo Energy has said that the company will manufacture 1, 2, and 5MW alkaline electrolysers used in the green hydrogen sector. "This investment will be made over the course of five years, with an initial investment of Rs 350 crore in the first phase," he said. The plant is anticipated to have a capacity of 125MW in its first phase, with plans to double manufacturing capacity every two years, eventually reaching a 1 GW capacity in four to five years.

According to him the company aims to complete the plant within seven months and already has an order book worth Rs 1,100 crore. Greenzo Energy has been allotted 13,777 sq m of land at Sanand GIDC for this project. the will start producing electrolysers, required for the same in five months.

A Bhumi Poojan of the plant to be set up in Sanand was held on October 24 with Union Home Minister Shah as the chief guest. At that movement the managing director Agarwal claimed that thermal energy will be discontinued within seven years. “A timeline has been decided for the same and orders are already out to discard the present facilities. Electricity produced from green hydrogen will be used to power EVs, combustion engines and even turbines,” he said

He has also add a Rs 100 crore investment will be made for the facility at Sanand in the first phase for a 250 MW electrolyser plant annually. “We already have orders to the tune of Rs 1,100 
crore,” he said. He said the electrolyser market has a huge potential for growth in the country and that there is no indigenous manufacturing of the same.

According to Agrawal this will be the first plant of its kind. A lot of companies are trying to produce green hydrogen which is the future renewable fuel. It will make a facility to produce green hydrogen. On the other hand solar energy, it has its limitations. To use solar energy at night you need batteries that have a lifespan of 12 years. If the batteries remain unused, they need to be discarded. Green hydrogen can be stored underground for 400 years and can be used as effectively thereafter.

Greenzo Energy has been doing the same work in varous hydropower and solar power station of Nepal as well. Regarding the project in Nepal, Agarwal focused on the major benefits and said that, together with Api Power, we have advanced the process of implementing a 50 MW green hydrogen and green amonia projects by 2027