Greenzo Energy plans to set up electrolyzers facility in Sanand

Riding on the wave of next generation energy transition towards green hydrogen, Delhi- based Greenzo Energy India Limited has sought industrial plot in Sanand industrial estate from the Gujarat government for setting up a plant for manufacturing electrolysers and the balance of plant (BOP) for generating green hydrogen.The company plans to invest $50 million (about ₹412 crore), of which it plans to invest about ₹50 crore in the first phase of development. The company has received an investment commitment of $1 million from Real Time Accelerator Fund (SEBI-approved Category 1 AIF).Speaking to businessline, Sandeep Agarwal, Founder & MD of Greenzo Energy India Limited, said the company has developed the anion exchange membrane (AEM) electrolyzers technology in-house with its UK-based development partner. The technology integrates solar energy, wind energy and grid power to generate…

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