Indian duo targets 60MW of green hydrogen projects

Under a new memorandum of understanding, the pair aims to install projects integrated with solar captive power and battery storage in four cities across the Uttar Pradesh region.

Greenzo would provide hydrogen technologies and engineering for the projects planned for Gorakhpur, Aligarh, Jhansi, and Lucknow.

H2 View understands that Lord’s Mark Industries, which operates across sectors like healthcare, paper, and solar, would act as a developer and investor for the projects, overseeing finance, regulation, and commercial structuring.

The companies have not disclosed timelines or proposed end-users for the projects.

Greenzo claims the collaboration will support India’s green hydrogen sector and wider clean energy build-out.

The New Delhi-based firm currently has a number of small-scale projects in development, including an 8MW solar project in Nepal and a 3MW electrolyser installation with Jindal Stainless Limited.

India has increasingly been positioning itself as a major green hydrogen supplier for regions like Europe, by leaning on its strong renewables potential.

With lucrative subsidy schemes for electrolyser making and green molecule production, various companies have been investing into the sector.

However, in January, Wood Mackenzie estimated that the country would meet just 6% of its 2030 five million tonnes per annum green hydrogen production target as mature projects lag.

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