The Singaporean firm’s electrolysis subsidiary HET Hydrogen, led by the former boss of US hydrogen truck manufacturer Hyzon, with Indify, intends to bring the site online in 2026 with capacity for at least 100MW per year.
With PEM electrolysis technology already in its arsenal, HET said it is preparing to launch a megawatt-scale AEM solution. It remains unclear which technology would be produced by the facility.
H2 View understands that HET and Indify will confirm the Indian location for the facility in the coming months.
Last year, the Indian Hydrogen Alliance (IH2A) estimated the market for Indian-manufactured hydrogen equipment could reach $50bn by 2030 – with 34% set to belong to electrolyser stacks.
Read more: India’s hydrogen equipment market could reach $50bn by 2030, says IH2A
HET co-founder Knight in 2023 agreed to return $250,000 of compensation to his former employer Hyzon, after the truck firm was hit by a $25m US Securities and Exchange Commission (SEC) penalty, to resolve allegations that the company mislead investors with false statements about the sales volumes of Hyzon’s hydrogen trucks.
Read more: Hyzon agrees on $25m penalty to resolve SEC investigation
Neither Hyzon, Knight or former chief financial officer, Mark Gordon, admitted or denied the SEC’s allegations.
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