Sprng Energy, AMPIN, Juniper, ReNew, Avaada Win NTPC’s 1 GW Hybrid Auction

Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

Funding and M&A Roundup: Nexamp Secures $520 Million

Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="http://mercomindia.com/wp-content/uploads/2022/12/amazon_polly_46442.mp3?version=1671453630">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Delhi-based <a href="https://greenzoenergy.com/" target="_blank" rel="noopener">Greenzo Energy India</a> said it will invest $50 million to manufacture 250 MW of anion exchange membrane (AEM) electrolyzers per year and the balance of plant (BOP) in the Sanand-II Industrial Estate, a part of Gujarat Industrial Development Corporation (<a href="https://gidc.gujarat.gov.in/" target="_blank" rel="noopener">GIDC</a>).</p>
<p>&#8220;We aim to set up a cost-effective green electrolysis plant, supporting green hydrogen projects, and making our nation self-sufficient in the hydrogen initiative,&#8221; Sandeep Agarwal, Founder &amp; MD of Greenzo Energy India, said.</p>
<p>The company aims to provide end-to-end solutions for green hydrogen production and storage.</p>
<p>The initial investment will be towards market research, business development, lab equipment, and technology evaluation.</p>
<p>Additionally, the company said it received an investment commitment of $1 million from angel investor <a href="https://www.realtimeaf.com/" target="_blank" rel="noopener">Real Time Accelerator Fund</a>.</p>
<p>Pranay Mathur, CEO of Real Time Accelerator Fund, said, &#8220;We are delighted to be part of the green field. This investment will not only benefit green fuel production and carbon footprint reduction, but it will also be a significant step toward providing a good quality of life to our future generation&#8221;.</p>
<p>The company has signed a memorandum of understanding for project engineering with UK-based public limited companies.</p>
<p>For technological support, it will collaborate with its in-house team comprising former employees of the NTPC and technology experts from the Indian Institute of Technology (IIT).</p>
<p>Greenzo Energy India was launched to focus primarily on the renewable energy sector to develop the latest innovations in green hydrogen in India.</p>
<p>The company works toward accelerating the adoption of renewable energy in developing countries through consulting services, research, and innovations.</p>
<p>In July, Greenzo Energy <a href="https://mercomindia.com/daily-news-wrap-up-greenzo-energy-green-hydrogen-projects/" target="_blank" rel="noopener">inked</a> an agreement with Nepal-based renewable energy company API Power to develop 50 MW green hydrogen plants in the next three years. API Power will invest ₹10 billion (~$120.98 million) in the 50 MW green hydrogen projects, generating 4,000 MT of hydrogen annually.</p>
<p>Earlier in April, NTPC Renewable Energy <a href="https://mercomindia.com/ntpc-invites-bids-from-electrolyzer-technology-providers/" target="_blank" rel="noopener">issued</a> a notice for upcoming invitations for bids to select electrolyzer technology providers to participate in green hydrogen tenders for two years.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gautamee-hazarika/" target="_blank" rel="noopener">More articles from Gautamee.</a><br />
<br />
<a href="gautamee@mercomindia.com" target="_blank" rel="noopener">gautamee@mercomindia.com</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">Gautamee</a> is a reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen&#8217;s College, University of Delhi.<a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">More articles from Gautamee</a></div>
</div></div><div class="clearfix"></div></div></div>

Greenzo Energy to Invest $50 Million in Green Hydrogen Tech in Gujarat

greenzo

Get the most relevant India solar and clean energy news.

RECENT POSTS