India Lands World’s Largest Green Hydrogen Orders as Japan, Germany and Korea Line Up

India has achieved a major milestone in the green energy sector, with Indian companies signing the world's largest green hydrogen offtake commitments, totalling 5,55,610 metric tonnes per annum (MTPA). This positions India as a global leader in green hydrogen supply commitments.

Key Highlights

• 23 offtake contracts have been signed since the launch of the National Green Hydrogen Mission in 2023.
• 18 agreements were signed in 2026 alone, covering more than 4 lakh MTPA of green hydrogen equivalent supply.
• More than 70% of the contracted volume is earmarked for exports, primarily to Japan, Germany and South Korea.
• The projects are expected to attract around ₹90,000 crore (US$9.5 billion) in investment.

Major International Deals

• Reliance Industries signed a long-term green ammonia supply agreement worth over US$3 billion with Samsung C&T of South Korea, with deliveries expected from 2028.
• AM Green secured a long-term agreement to supply green ammonia to Germany through the H2Global mechanism.
• ACME Group signed a deal to supply 4,88,000 MTPA of green ammonia to Japan’s IHI Corporation, along with a separate green methanol supply agreement with Mitsubishi Gas Chemical.
• L&T and ITOCHU formed a joint venture to supply 3,00,000 tonnes of green ammonia annually to Japan.

Why It Matters

Green hydrogen projects typically require firm purchase commitments before financing can be secured. These signed offtake agreements provide the demand certainty required for project financing, making India one of the few countries with a large bankable pipeline of green hydrogen exports.

The commitments already account for roughly 11% of India's target to produce 5 million metric tonnes of green hydrogen annually by 2030 under the National Green Hydrogen Mission.

Bottom Line: India is rapidly emerging as a global green hydrogen export hub, with Japan, Germany and South Korea becoming major future buyers and billions of dollars in investment expected to flow into the sector.

SECI Invites Proposals to Build India’s Green Hydrogen Hubs

SECI (Solar Energy Corporation of India Limited), a Navratna Central Public Sector Enterprise under Ministry of New and Renewable Energy (MNRE), has issued a Call for Proposals (CfP) dated September 28, 2026, inviting agencies to prepare Detailed Project Reports (DPRs) for establishing green hydrogen hubs under Component‑B1 of India’s National Green Hydrogen Mission. The online bid submission deadline is October 30, 2026.

For an uninitiated, the Component‑B1 of India’s National Green Hydrogen Mission refers to the development of Green Hydrogen Hubs — regions identified and supported with infrastructure to enable large‑scale production and/or utilization of green hydrogen and its derivatives. The government has allocated ₹400 crore up to 2025‑26 for this initiative.

Green Hydrogen Hubs are designated regions in India where large‑scale production, storage, and utilization of green hydrogen will be concentrated, supported by dedicated infrastructure and government funding. These hubs are central to India’s National Green Hydrogen Mission, with at least two hubs planned initially and ₹400 crore allocated up to 2025‑26.

SECI is the implementing agency for green hydrogen and methanol tenders, including India’s world’s largest 500,000 MT green methanol auction.

Key Details of SECI’s CfP

• Agency: Solar Energy Corporation of India (SECI), under MNRE
• CfP Reference: SECI/C&P/EOI/17/0005/26‑27, dated September 28, 2026. 
• Scope of Work: Selection of executing agencies to prepare DPRs for green hydrogen hubs under NGHM Component‑B1. 
• Submission Deadline: October 30, 2026 (online bids). 
• Pre‑Bid Meeting: Scheduled as per SECI’s Notice Inviting Tender (NIT) on its website. 
• Proposal Opening: First working day after submission deadline

Scope of DPR Preparation

• Hub Location Assessment: Identify potential sites based on hydrogen demand, infrastructure, and techno‑commercial viability.
• Baseline Data Collection: Renewable energy potential, water availability, industrial demand, pipelines, logistics, and financial feasibility.
• Stakeholder Consultation: Engage with state nodal agencies, industries, utilities, ministries, and research institutions.
• Infrastructure Planning: Renewable energy co‑location, grid connectivity, storage systems, refuelling, compression, liquefaction, ports.
• Project Layouts & Financial Models: Detailed layouts, capex estimates, phased implementation, and financial viability.
• Risk & Impact Analysis: Environmental/social impact, regulatory clearances, and legal considerations.

Structured Overview

Focus Area	Details
Location Identification	Demand centres, infrastructure readiness, techno‑commercial viability
Data Inputs	RE potential, water, industrial demand, pipelines, logistics
Infrastructure	Grid, storage, refuelling, compression, liquefaction, ports
Financials	Capex estimates, phased roadmap, financial models
Stakeholders	State agencies, industries, utilities, ministries, research bodies
Risk & Impact	Environmental/social analysis, regulatory clearances

Risks & Considerations

• Regulatory Delays: Multiple clearances across states may slow hub development.
• Water Availability: Hydrogen production requires significant water; DPRs must assess sustainability.
• Grid Integration: Managing renewable intermittency is critical; storage solutions must be viable.
• Financial Viability: Long‑term demand projections and offtake agreements will determine bankability.

Maruti Suzuki Pilots 300 kW Green Hydrogen Electrolyzer, Pioneering Low‑Carbon Manufacturing in India

Maruti Suzuki India Limited (“Maruti Suzuki”) has commissioned a 300 kW Green Hydrogen (GH₂) electrolyzer plant at its Manesar facility as a pilot project. The hydrogen produced is blended with natural gas and deployed as process fuel in manufacturing operations.

The initiative maximizes the use of solar energy generated at Manesar. Power produced during holidays, which would otherwise remain idle, is harnessed to generate Green Hydrogen. The hydrogen is stored and later consumed in production processes. Insights from this pilot will guide the company’s plan to scale green hydrogen adoption across facilities in Haryana and Gujarat.

Inspired by parent company Suzuki Motor Corporation’s (“SMC”) philosophy of Sho‑Sho‑Kei‑Tan‑Bi — meaning smaller, fewer, lighter, shorter, and more beautiful — Maruti Suzuki continues to advance resource efficiency and optimize energy requirements.

Speaking on the pilot initiative, Mr. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, “Just like we have adopted a multi-pathway approach for products, we have also embarked on a journey of multiple renewable energy solutions for manufacturing operations. The commissioning of our 300 kW Green Hydrogen plant is aligned with the Government of India’s Green Hydrogen Mission. This, along with expansion of solar, biogas and installation of battery energy storage system reflects our commitment to transition to cleaner and sustainable energy solutions.”

He added, “India is emerging as a manufacturing powerhouse, and its competitive position may not depend solely on cost and quality, but also on CO2 intensity. With such initiatives, we are building capability today so that we can support a low-carbon and more energy-efficient manufacturing ecosystem tomorrow. Through multiple clean technologies, we aspire to reduce our carbon footprint in manufacturing operations from the present 615,000 tonnes to 266,000 tonnes in FY 2030-31i.”

Several major automakers in India are pursuing clean energy and green hydrogen initiatives alongside Maruti Suzuki, including Tata Motors, Ashok Leyland, Reliance Industries, NTPC, Toyota Kirloskar, and Indian Oil. These projects range from hydrogen mobility pilots to biogas plants and renewable energy integration.

Tata Motors partnered with Indian Oil Corporation (IOCL) under the National Green Hydrogen Mission. The Tata company is Runningy pilot projects with hydrogen fuel cell buses and hydrogen internal combustion trucks across routes in Gujarat, Maharashtra, and Delhi NCR.Focus on both fuel cell electric vehicles (FCEVs) and hydrogen ICE truck. Ashok Leyland is collaborating with Reliance Industries to deploy hydrogen buses and trucks in Gujarat.

Other auto majors like Hyundai, Honda, Mahindra, and Hero Group are exploring green hydrogen in India, but most of their work is at the pilot or partnership stage rather than full‑scale plants. The most concrete project is Hero Future Energies’ Tirupati green hydrogen plant for Rockman Industries, while Hyundai and Honda are focusing on hydrogen mobility pilots, and Mahindra is aligning with government programs under the National Green Hydrogen Mission.

Maruti Suzuki is intensifying its drive to cut carbon emissions across manufacturing by embracing a diverse mix of green energy solutions. These include in‑house solar installations, renewable power sourced from government channels, and long‑term purchase agreements with third‑party providers for solar and wind energy.

At its Kharkhoda facility, the company is in the advanced stage of commissioning a 10 Tonnes Per Day (TPD) biogas plant, scheduled for FY 2026‑27. It has also recently deployed a 1 MWh Battery Energy Storage System at the same site.

Maruti Suzuki has begun integrating compressed biogas (CBG) as process fuel. The board has approved four CBG projects with an investment of INR 5,610 million. In parallel, Suzuki Motor Corporation (SMC), in collaboration with the National Dairy Development Board (NDDB) and dairy unions, is setting up ten biogas plants across India, three of which are already operational in Gujarat.

The commissioning of the pilot Green Hydrogen plant further strengthens Maruti Suzuki’s clean energy portfolio, marking another milestone in its transition toward sustainable manufacturing.

India Fast‑Tracks World’s Largest Green Methanol Tender

India is set to finalize tenders for 500,000 metric tonnes of green hydrogen–based methanol within the next two months, under Solar Energy Corporation of India Limited (SECI)'s SIGHT scheme. The bidding process began in May 2026, with contracts expected to be awarded by September 2026, marking a major milestone in India’s National Green Hydrogen Mission.

Green hydrogen methanol (or e-methanol) is a clean liquid fuel made by combining green hydrogen with captured carbon dioxide. It turns volatile hydrogen into a stable liquid that is easy to store and transport.

SECI has officially announced the 500,000‑tonne green methanol tender under the National Green Hydrogen Mission. The tender was published on May 6, 2026, with bids opening on June 8, 2026, and includes a 10‑year Green Methanol Purchase Agreement (GMPA).

The upcoming tender is the world’s largest because no other country has yet launched a single procurement of this scale for green methanol, making it a landmark in global shipping decarbonisation and hydrogen‑derived fuels.

Most global initiatives (EU, US, China) are in the 50,000–200,000 MT range, often fragmented across multiple plants. India’s tender dwarfs other announced projects.

Part of India’s National Green Hydrogen Mission, with SECI acting as the central buyer, ensuring guaranteed demand and revenue visibility, this is the first structured offtake mechanism for green methanol at such scale, backed by a 10‑year Green Methanol Purchase Agreement (GMPA).

Key Tender Details

• Agency: Solar Energy Corporation of India (SECI)
• Scheme: Strategic Interventions for Green Hydrogen Transition (SIGHT), Mode‑2C‑Tranche‑I
• Capacity:500,000 MT per annum of green methanol
• Bidding Process: Cost-based competitive bidding, single-stage, two-envelope system
• Eligibility: Only new production facilities (greenfield projects); existing methanol plants excluded
• Contract Tenure:10-year Green Methanol Purchase Agreement (GMPA) with SECI
• Bid Range: Minimum 50,000 MT/year; maximum 250,000 MT/year per bidder
• Financials:
  • Earnest Money Deposit (EMD): ₹5,000 per MT
  • Performance Bank Guarantee (PBG): ₹7,500 per MT
  • Non-refundable bid processing fee (capacity-linked)

Strategic Importance

• Shipping Decarbonisation: First tranche prioritizes maritime fuel transition
• Climate Standards: MNRE notified Green Methanol Standard (≤0.44 kg CO₂eq/kg) in March 2026
• Energy Security: Reduces reliance on imported fossil fuels
• Global Leadership: Positions India alongside EU and US in green methanol adoption

Comparison: Green Methanol vs Alternatives

Fuel	Carbon Intensity	Use Cases	India’s Policy Support
Green Methanol	≤0.44 kg CO₂eq/kg	Shipping, chemicals	SIGHT Mode‑2C, GMPA
Green Ammonia	≤0.5 kg CO₂eq/kg	Fertilizers, energy storage	SIGHT Mode‑2A auctions
Fossil Methanol	>2.0 kg CO₂eq/kg	Chemicals, fuels	No incentives

Risks & Challenges

• Financing: High upfront costs; long-tenor GMPA helps mitigate
• Technology Readiness: Scaling green hydrogen electrolysis and methanol synthesis
• Global Competition: EU shipping corridors and US Inflation Reduction Act subsidies may outpace India
• Compliance: Strict adherence to MNRE’s carbon intensity standards required

Next Steps

• SECI will finalize bids by September 2026
• Selected producers will begin supply under GMPA, with financial incentives for 3 years
• India aims to integrate green methanol into shipping fuel corridors and chemical industries

Why It’s the World’s Largest

• Scale: At 500,000 MT per annum, India’s tender dwarfs other announced projects. Most global initiatives (EU, US, China) are in the 50,000–200,000 MT range.
• Single Tranche: India has bundled half a million tonnes into one consolidated tender, unlike fragmented projects elsewhere.
• Global Benchmark: First structured offtake mechanism for green methanol at this scale, backed by a 10‑year GMPA.
• Policy Backing: Part of India’s National Green Hydrogen Mission, with SECI acting as central buyer.

Global Comparison

Country	Largest Announced Capacity	Structure	Status
India	500,000 MT (single tender)	SECI GMPA, 10 years	Tendering, 2026
EU	200,000 MT (multiple plants)	Shipping corridors, subsidies	Under construction
US	150,000 MT (IRA‑backed)	Private projects, tax credits	Announced
China	100,000 MT (regional pilots)	Provincial support	Operational pilots

Voltagen Innovator Newtrace Raises $6.3M to Cut Green Hydrogen Costs

Newtrace, a deeptech startup developing high-performance electrode and electrolyzer technology for green hydrogen production, has raised ₹56.93 crore ($6.3 million) in its Pre-Series A round, led by HDFC Bank Limited and MITSUI SUMITOMO INSURANCE Venture Capital, with participation from Peak XV’s Surge, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, and angel investors Manish Prataprai Gandhi and Renu Manish Gandhi.

Green hydrogen is emerging as a critical pillar of global decarbonization and is the only scalable clean fuel capable of replacing fossil fuels across sectors such as steel, refining, fertilizers, chemicals, and heavy transport. The global green hydrogen market is projected to reach $38.1 billion by 2029 and expand to $1.4 trillion annually by 2050. Yet today, less than 1 percent of the world’s hydrogen is green, with high costs remaining the biggest barrier.

Green hydrogen currently costs $4 to $10 per kilogram, more than double the cost of conventional grey hydrogen. A significant portion of this cost and inefficiency originates in the electrolyzer stack, particularly the electrode, where most performance losses occur.

At the same time, India’s National Green Hydrogen Mission has set a target of producing 5 million metric tonnes of green hydrogen annually by 2030, supported by ₹19,744 crore in government incentives. However, India currently lacks a domestic supply of high-performance electrolyzer electrodes, creating both a strategic vulnerability and a major opportunity for indigenous innovation.

Founded in 2021 and headquartered in Bengaluru, Newtrace has developed Voltagen, a proprietary advanced electrode technology designed for alkaline water electrolyzers. Voltagen improves energy efficiency, extends system lifetime, and reduces overall hydrogen production costs. Designed as a drop-in replacement for existing electrodes, Voltagen enables electrolyzer manufacturers and hydrogen producers to upgrade performance without redesigning their systems. Newtrace has also commercialized membraneless electrolyzer technology as part of its broader platform.

Newtrace primarily serves electrolyzer OEMs, green hydrogen project developers, and industrial gas companies. Its technology is positioned to support India’s rapidly expanding electrolyzer manufacturing ecosystem, as well as global customers seeking higher efficiency and more reliable supply chains.

Voltagen is built on three core technology pillars: a high-performance catalytic architecture engineered at the micro and nanoscale to improve efficiency, a durable coating system that ensures long operating life under industrial conditions, and a scalable manufacturing process designed for commercial production. These innovations reduce energy consumption per kilogram of hydrogen produced, extend electrode life, and create a domestically available alternative to imported components.

Newtrace was founded by Prasanta Sarkar and Rochan Sinha, who bring deep expertise in electrochemistry, materials science, and industrial scale-up. The company operates from a 30,000 square foot technology center in Bengaluru and is supported by a multidisciplinary team of more than 45 engineers and scientists. It holds multiple patent applications and has received recognition under India’s National Green Hydrogen Mission. The company has also presented its technology to global audiences, including a showcase before Narendra Modi during National Startup Day 2026.

Newtrace Team 

“Green hydrogen’s cost problem is fundamentally a materials and manufacturing challenge,” said Prasanta Sarkar, CEO and Co-Founder of Newtrace. “Voltagen represents a new materials foundation that enables the efficiency and durability required to make green hydrogen cost competitive. This funding allows us to transition from proving the science to scaling manufacturing.”

“We built Newtrace to address the most critical and underinvested component of the electrolyzer stack,” said Rochan Sinha, CTO and Co-Founder of Newtrace. “Our focus now is on translating our technology into reliable, scalable manufacturing that can serve the global hydrogen economy.”

The newly raised capital will support pilot-scale manufacturing, customer validation and supply agreements, and expansion of manufacturing and engineering capabilities. Newtrace expects to begin initial commercial deliveries of Voltagen electrodes within the next 12 months.

About Newtrace:

Newtrace is a climate-tech startup developing and commercializing advanced electrode & stack technology for hydrogen electrolyzers . The vision we swear by is simple - to decarbonize the world through innovation, leaving a cleaner, greener, sustainable future for generations to come. By engineering high-performance electrodes at scale, Newtrace is working to make green hydrogen production economically viable and accelerate the global transition to clean energy. The company combines deep expertise in electrochemistry with scalable manufacturing to address one of the critical cost barriers in the hydrogen economy.

ACWA Power and L&T Unite for Saudi’s Yanbu Green Hydrogen Megaproject

In a important step toward advancing Saudi Arabia’s clean energy ambitions, Saudi Arabia based ACWA Power and India's Larsen & Toubro (L&T) have signed a Memorandum of Understanding (MoU) to collaborate on the renewables and grid infrastructure for the Yanbu Green Hydrogen Hub, one of the world’s largest green ammonia projects.

ACWA Power is a key player in Saudi Arabia’s Vision 2030, driving large-scale renewable energy projects and green hydrogen initiatives. It often partners with global firms and sovereign entities to deliver sustainable infrastructure at scale.

The agreement was formalized between ACWA Power and L&T’s Renewables arm (RENU), outlining joint development of critical components including solar photovoltaic systems, wind energy installations, battery energy storage systems (BESS), and high-voltage substations and transmission lines.

A Catalyst for Global Decarbonization

The Yanbu Green Hydrogen Hub is designed as a fully integrated facility powered entirely by renewable energy, aligning with Saudi Arabia’s Vision 2030 and its commitment to global climate goals. Once operational, the hub will produce green ammonia for export, supporting international decarbonization efforts.

“This project underscores Saudi Arabia’s leadership in the global energy transition,” said Marco Arcelli, CEO of ACWA Power. “We are proud to partner with L&T to deliver a facility that will help countries meet their net-zero targets.”

T Madhava Das, Whole-Time Director and Senior Executive Vice President at L&T, emphasized the strategic importance of the region: “Saudi Arabia’s competitive renewable energy landscape and its geographic advantage along the India–Middle East–Europe corridor make it a pivotal player in the clean energy economy.”

Next Steps: Toward EPC Execution

Following the MoU, L&T is expected to enter into an Engineering, Procurement, and Construction (EPC) contract, subject to final proposal approvals. The collaboration marks a deepening of ties between Indian and Saudi energy stakeholders, reinforcing regional cooperation in sustainable infrastructure.

Adani Powers India’s First Off-Grid 5MW Green Hydrogen Plant in Kutch

That’s a major leap for India’s clean energy ambitions! Adani New Industries Limited (ANIL) has officially commissioned the country’s first off-grid 5 MW green hydrogen pilot plant in Kutch, Gujarat. What makes this facility stand out is that it’s entirely powered by solar energy and integrated with a Battery Energy Storage System (BESS), allowing it to operate independently of the main power grid.

The plant uses a fully automated, closed-loop electrolyser system that dynamically adjusts to real-time solar input—crucial for maintaining efficiency despite the variability of renewable sources. It’s not just a technical milestone; it’s also a proof of concept for Adani’s upcoming Green Hydrogen Hub in Mundra, which aims to scale up production and support India’s National Green Hydrogen.
 

Green hydrogen shines in decarbonizing hard-to-abate sectors like steel, cement, and long-haul transport—areas where batteries fall short. It’s also a strong candidate for seasonal energy storage and exportable clean energy in the form of ammonia or synthetic fuels.

This pilot could be a game-changer for hard-to-abate sectors like fertilizers, refining, and heavy transport.

Green Hydrogen vs. Other Clean Fuels

Fuel Type	Emissions Profile	Key Advantages	Challenges
Green Hydrogen	Zero emissions (if powered by renewables)	Versatile, storable, ideal for heavy industry	High production cost, infrastructure still emerging
Blue Hydrogen	Lower emissions (with carbon capture)	Uses existing natural gas infrastructure	Relies on fossil fuels, CCS not 100% efficient
Biofuels	Low to moderate emissions	Compatible with existing engines	Land use, food vs. fuel debate
Electricity (RE)	Zero emissions at point of use	Highly efficient, scalable for transport & homes	Storage limitations, grid dependency
Ammonia (Green)	Zero-carbon fuel (if green hydrogen-based)	Easier to transport than hydrogen	Toxicity, energy-intensive synthesis

Honeywell Unveils AI-Assisted Suite To Optimize Green Hydrogen Plants

• Honeywell Protonium™ uses machine learning to optimize the design and operation of green hydrogen projects
• Large-scale clean hydrogen producer Aternium to deploy new technology at planned Mid-Atlantic Clean Hydrogen Hub

Honeywell (NASDAQ: HON) today announced the launch of Honeywell Protonium™, an advanced suite of technologies enabled by artificial intelligence (AI) and powered by machine learning (ML) designed to make the production of green hydrogen more efficient, cost-effective, and scalable.

Honeywell Protonium™ will first be deployed by Aternium, a US-based large-scale producer of clean hydrogen, who will leverage the new technologies across its planned Mid-Atlantic Clean Hydrogen Hub (MACH2), one of seven national hydrogen hubs selected for an award by the US Department of Energy.

To help meet industries’ growing energy demands and support a broader range of sources, Honeywell Protonium™ helps scale green hydrogen production by tackling key challenges such as power intermittency, carbon intensity reduction, and high production costs. The new solution enhances electrolysis efficiency and optimizes plant design and operations by integrating predictive control algorithms, making hydrogen production more sustainable and cost-effective.

“Our selection of the Honeywell Protonium™ portfolio for our planned Mid-Atlantic sites was a strategic decision to ensure we operate with the highest efficiency and safety standards,” said Andrew Cottone, CEO and Founder of Aternium. “Honeywell’s proven expertise and innovative solutions will be instrumental in helping us achieve our mission of producing clean hydrogen with an exceptional commitment to safety while adding value for our communities and investors.”

“Honeywell is helping to accelerate the commercial viability of green hydrogen use through optimized design and improved efficiency of plants,” said Pramesh Maheshwari, President of Honeywell Process Solutions. “As adoption of green hydrogen as a diversified energy source continues to grow, it is crucial for producers to look to autonomy to ultimately advance electrification and the energy transition. With these new technologies, we are helping to further reshape the green hydrogen landscape and equip producers with the transformative solutions they need to scale.”

The Honeywell Protonium™ portfolio includes three innovative offerings:

• Concept Design Optimizer – optimizing plant design to lower the Levelized Cost of Hydrogen (LCOH) and enable quicker investment decisions
• Hydrogen Electrolyser Control System – analysing and electrolyzer performance for greater efficiency and longevity
• Hydrogen Unified Control and Optimizer – streamlining energy management and operations across the plant to reduce operating expenditure by leveraging technologies such as digital twins, AI/ML optimization and predictive analytics

Honeywell Protonium™ is now available globally and is positioned to help deliver transformative results for clean hydrogen producers by reducing emissions, cutting costs, and empowering industries to achieve greater sustainability. For more in for mat 700 ion, please visit Honeywell.com.

L&T Incorporates New Subsidiary to Develop Green Hydrogen Projects

Larsen & Toubro (L&T) has taken a significant step in the green energy sector by incorporating L&T Green Energy Kandla Pvt Ltd, a subsidiary focused on developing green hydrogen projects. This move aligns with L&T's broader sustainability goals, following the successful commissioning of its first green hydrogen plant in Gujarat.

Green hydrogen, produced through electrolysis powered by renewable energy, is gaining traction as a clean and versatile energy carrier. L&T's new subsidiary will not only focus on hydrogen production but also explore derivatives like green ammonia, which can be crucial for industrial applications.

Several companies have been actively incorporating subsidiaries to expand their presence in green hydrogen and clean energy. Reliance Industries has been advancing its green hydrogen initiatives through Reliance New Energy Ltd, focusing on electrolyser manufacturing and hydrogen production.

Adani Group has incorporated Adani New Industries Ltd, which is working on large-scale green hydrogen projects. JSW Energy has set up JSW Future Energy Ltd, aiming to develop hydrogen-based solutions for industrial applications.NTPC has launched NTPC Green Energy Ltd. dedicated to renewable energy projects.

Govt Launches ₹200 Cr Scheme for Green Hydrogen Production

The Government of India has launched a ₹200 crore pilot scheme to promote green hydrogen production and usage in decentralized applications. This initiative, led by the Ministry of New and Renewable Energy (MNRE), aims to explore innovative methods for producing and utilizing green hydrogen in residential, commercial, and community settings.

The budget of ₹200 crore allocated for the scheme, extending through the fiscal years up to 2025-26.

The MNRE has also issued implementation guidelines to promote innovation in green hydrogen production and usage. These guidelines are part of the broader National Green Hydrogen Mission, which aims to establish a comprehensive green hydrogen ecosystem in India.

The guidelines outline criteria for pilot projects to assess the technical feasibility and safety of using green hydrogen in various sectors.

The scheme focuses on decentralized uses of green hydrogen, such as cooking, heating, off-grid power, and powering off-road vehicles.

The initiative supports technologies like floating solar-based hydrogen production, hydrogen derived from biomass, and hydrogen generated from wastewater.

These projects will assess the technical feasibility and safety of using green hydrogen as a clean, alternative fuel for household and commercial appliances, local community services, and city gas networks.

The scheme aligns with India's broader mission to promote sustainable energy options and tackle carbon emissions.

This initiative is a significant step towards diversifying India's green hydrogen sector and expanding its applications beyond traditional uses.

NTPC and Indian Army to Setup Solar Hydrogen-based Microgrid in Ladakh

NTPC and the Indian Army have partnered to establish a Solar Hydrogen-based Microgrid in Chushul, Ladakh. This project aims to provide a stable, year-round power supply using green hydrogen, replacing existing diesel generators.

The microgrid will supply 200kW of power round-the-clock throughout the year. This NTPC designed Solar Hydrogen-based microgrid system will operate independently and use hydrogen as an energy storage medium.

This initiative promotes carbon neutrality and reduces logistics dependencies in harsh, high-altitude conditions.

 

NTPC will maintain the project for 25 years, ensuring long-term sustainability. This system will replace existing diesel gensets at off-grid Army locations, providing a sustainable power supply despite harsh winter conditions, where temperatures drop to -30°C at an altitude of 4,400 meters.

Ladakh's high solar irradiance and low temperatures facilitate this project to produce and utilize green energy and eliminate reliance on fuel logistics and enhance self-sufficiency in remote areas.

In addition to the Solar Hydrogen-based Microgrid project in Chushul, NTPC is involved in several other initiatives in Ladakh. NTPC has initiated a trial run of hydrogen buses in Leh to promote sustainable transportation, and is setting up a hydrogen fuelling station and a solar plant in Leh, in collaboration with Indiam army.

NTPC is introducing five fuel cell buses for intracity routes in Leh. NTPC is advancing various decarbonisation initiatives, including hydrogen blending, carbon capture, and electric buses.

NTPC aims to achieve 60 GW of renewable energy capacity by 2032.

India Gets Additional $1.5 Bn from World Bank to Develop Low-Carbon Energy Infrastructure

The World Bank has granted USD 1.5 billion in financing to help India expedite the development of low-carbon energy infrastructure.

The financing for the operation includes a $1.46 billion loan from the International Bank for Reconstruction and Development (IBRD) and a $31.5 million credit from the International Development Association (IDA).

This funding aims to boost low-carbon energy by scaling up renewable energy and producing green hydrogen, among other initiatives. India, as the fastest-growing large economy globally, faces the challenge of decoupling economic growth from emissions growth. To achieve this, the World Bank's support focuses on:

• Green Hydrogen: The operation aims to promote the development of a vibrant market for green hydrogen, which is critical for decarbonization.
• Renewable Energy: Scaling up renewable energy is essential, especially in hard-to-abate industrial sectors.
• Climate Finance: The financing will stimulate climate finance for low-carbon energy investments, supporting India's transition toward cleaner energy sources.

This strategic investment aligns with India's net-zero target and will create clean energy jobs in the private sector. By FY25/26, the reforms supported by this operation are expected to result in the production of at least 450,000 metric tons of green hydrogen and 1,500 MW of electrolyzers annually. Additionally, it will significantly increase renewable energy capacity and contribute to reducing emissions by 50 million tons per year.

Impact on India's energy sector

The World Bank's additional financing of USD 1.5 billion will significantly impact India's energy sector by accelerating its transition toward a low-carbon economy. Here are the key areas of impact

1. Green Hydrogen Development: The funding will promote the development of a vibrant market for green hydrogen. Green hydrogen, produced using renewable energy, has immense potential for decarbonization and can be used in various sectors, including industry and transportation.

2. Renewable Energy Scaling: India aims to scale up its renewable energy capacity. The financing will support projects that enhance solar, wind, and other renewable energy sources. This will contribute to reducing greenhouse gas emissions and improving energy security.

3. Clean Energy Jobs: The investment will create jobs in the private sector related to clean energy production, distribution, and technology development. This will boost employment opportunities and contribute to economic growth.

4. Emission Reduction: By FY25/26, the reforms supported by this operation are expected to result in the production of at least 450,000 metric tons of green hydrogen and 1,500 MW of electrolyzers annually. Additionally, it will significantly reduce emissions by 50 million tons per year.

Overall, this funding aligns with India's net-zero target and supports the country's efforts to transition to sustainable and cleaner energy sources.

GAIL Commissions Its 1st Green Hydrogen Plant in Madhya Pradesh

GAIL (Gas Authority of India Ltd) has commissioned its first green hydrogen plant, marking a significant step towards alternative energy sources and aligning with the National Green Hydrogen Mission. The plant, located in Madhya Pradesh, is capable of producing 4.3 tonnes of hydrogen per day using a 10 MW proton exchange membrane Electrolyzer.

The plant was inaugurated by the Secretary, Ministry of Petroleum & Natural Gas, Pankaj Jain, and GAIL Chairman and Managing Director Sandeep Gupta.

The electrolyzer, which has been imported from Canada, performs the electrolysis of water powered by renewable energy to produce green hydrogen with a purity of about 99.999%. This initiative is part of India's broader goal to establish 5 million tonnes of annual green hydrogen production capacity by 2030. According to GAIL, this Green Hydrogen plant can produce 4.3 TPD of hydrogen.

Initially, the hydrogen produced at this plant will be used for captive purposes in various processes and equipment running at the existing plant in Vijaipur. Plans are also in place to dispense the hydrogen to retail customers in nearby geographies. This development is a testament to India's commitment to reducing carbon emissions and meeting its growing energy needs through sustainable means.

Besides this, Indian Oil Corporation Limited (IOCL) is also setting up a green hydrogen plant at its refinery in Mathura, with the goal of replacing grey hydrogen with green hydrogen for the production of clean fuels.

Reliance Industries too has announced plans to build what it calls the 'Dhirubhai Ambani Green Energy Giga Complex' on 5,000 acres in Jamnagar, which will be among the largest integrated renewable energy manufacturing facilities in the world. This complex will also include facilities for green hydrogen production.

The Adani Group has also expressed its intention to become the world's largest producer of green hydrogen and has been working on various projects related to green hydrogen production and utilization.

India is actively working on several green hydrogen projects as part of its National Green Hydrogen Mission. The mission aims to make India the global hub for production, usage, and export of green hydrogen and its derivatives. It aligns with India's goal of becoming self-reliant (Aatmanirbhar) through clean energy and leading the global clean energy transition.

Reliance Industries Signs Tech Licensing Agreement with Nel ASA for Manufacturing Electrolysers in India

Reliance Industries Limited (RIL) has signed a technology licensing agreement with Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Nel ASA, a Norwegian company specializing in hydrogen technology. With this agreement, RIL has obtained an exclusive license to manufacture Nel's alkaline electrolysers in India for production of green hydrogen.

Mukesh Ambani promoted RIL is building a multi-GW fully integrated end-to-end new energy value chain, from photon to green molecules, paving the way for abundant and affordable access to sustainable energy. The phrase "from photon to green molecules" encapsulates RIL's ambitious project to harness solar energy (photons) and convert it into green hydrogen (green molecules) through a series of processes, as explained below:

1. Photon Capture: Utilizing solar panels to capture sunlight (photons).
2. Electricity Generation: Converting the captured solar energy into electricity.
3. Electrolysis: Using the electricity to power electrolysers, like the ones from Nel ASA, to split water into hydrogen and oxygen.
4. Green Hydrogen Production: The hydrogen produced in this process is considered 'green' because it's made using renewable energy sources without emitting carbon dioxide.
5. Storage and Distribution: Storing the green hydrogen and distributing it for various uses, such as fuel for vehicles, industrial processes, or power generation.

The agreement also permits RIL to manufacture alkaline electrolysers for their own global use. Through this agreement, RIL gains access to Nel's leading technology platform for manufacturing electrolysers.

Additionally, both companies will collaborate on R&D, value engineering, and other areas to improve performance and reduce costs.

This partnership also opens up a new revenue stream for Nel ASA in a rapidly growing market. According to the agreement, Nel can procure equipment from Reliance for its own projects. Nel will continue to serve the Indian market with technology platforms that are not covered by the agreement.

This move is significant for RIL as it aligns with their ambition to build a fully integrated, end-to-end new energy value chain, contributing to the sustainable energy future with green hydrogen as a critical element. It's a strategic step towards achieving the vision set by RIL’s Chairman, Mr. Mukesh Ambani, for affordable and sustainable energy access.

Notably, Nel ASA's electrolyser technology is already in use in various parts of the world. Nel's H2Station™ technology is utilized daily in several European countries as well as in South Korea.

In California, US, Nel's technology provides hydrogen to passenger vehicles, buses, trucks, and other vehicles. Nel is involved in the commissioning of the first hydrogen- powered train in Germany as part of the H2 West Coast Consortium.

RIL aims to create a significant impact on the production of green hydrogen by building a multi-gigawatt (GW) scale operation, potentially making the company a key player in the global transition to sustainable energy sources. This initiative is part of RIL's broader strategy to become a net-zero carbon company by 2035. It's a visionary step towards a cleaner energy future and aligns with global efforts to combat climate change.

India's 1st Multi-purpose Green Hydrogen Pilot Project Inaugurated in Jhakri, Himachal Pradesh

SJVN sets milestone with Inauguration of First Multi-purpose Green Hydrogen Pilot Project of the Nation

SJVN begins Centralized Operations of 1500 MW Nathpa Jhakri Hydro Power Station and 412 MW Rampur Hydro Power Station.

SJVN Limited, an Indian public sector undertaking involved in hydroelectric power generation and transmission, has achieved a significant milestone with the inauguration of India's first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh.

The green hydrogen produced from the project will be utilized for High Velocity Oxygen Fuel (HVOF) Coating Facility of NJHPS for meeting its combustion fuel requirements. In addition, it will also generate electricity through its fuel cell of 25 kW capacity.

The first Multi-purpose (Combined Heat & Power) Green Hydrogen Generation Plant of the nation has been inaugurated by Chairperson and Managing Director, Smt. Geeta Kapur on April 24, 2024.

1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS)

Nathpa Jhakri Hydro Power Station (NJHPS)

Speaking about the project, the Chairperson said, “Aligned with National Green Hydrogen Mission of Government of India, SJVN's Green Hydrogen Pilot Project is poised to accelerate the development of green hydrogen production infrastructure in the power sector, thus establishing green hydrogen as a clean energy source.”

The state-of-the-art Green Hydrogen Pilot Project is set to produce 14 kilograms of Green Hydrogen daily during 8 hours of operation. The hydrogen produced will be stored at a pressure of 30 bars, in six storage tanks, with a total storage capacity of 12 m3. The project will produce hydrogen using alkaline electrolyzer of 20 Nm3/hour capacity, which would be powered by renewable energy supplied from 1.31 MW Solar Power Plant of SJVN in Wadhal, Shimla.

Besides generating power, the green hydrogen will also be used for High Velocity Oxygen Fuel Coating of turbine underwater parts.

During her visit, the SJVN Chairperson also inaugurated first-of-its-kind Centralized Operation of the 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) and 412 MW Rampur Hydro Power Station (Rampur HPS), by remotely operating Unit-2 of Rampur HPS from NJHPS Control Room at Jhakri, Himachal Pradesh. Rampur HPS is being successfully operated on Tandem Operating System with NJHPS.

Smt. Kapur commended the dedicated efforts of the teams at NJHPS, Rampur HPS and at Electrical Design Team at SJVN Corporate Headquarters for this achievement. She urged the employees to continue working diligently to realize the aim of being able to operate the entire Rampur HPS from NJHPS at the earliest.

The Green Hydrogen Pilot Project aligns with the National Green Hydrogen Mission of the Government of India, accelerating the development of green hydrogen production infrastructure in the power sector and establishing green hydrogen as a clean energy source. Kudos to SJVN for this pioneering initiative. 

In India's Largest, Reliance To Lead ~ $12 Bn Investment in Green Hydrogen, Ammonia Units at Kandla

Reliance Industries Ltd (RIL), along with Larsen and Toubro (L&T), Greenko Group, and Welspun New Energy, is planning to establish green hydrogen and green ammonia units at Gujarat’s Deendayal Port Authority (DPA) in Kandla. RIL will reportedly lead this ambitious project, estimated to attract investments of up to Rs 1 lakh crore (approximately USD 12 billion), marks one of the largest investments in India's energy infrastructure.

The Kandla Green Hydrogen Hub aims to become one of the largest green hydrogen projects in India. It will be located at Gujarat’s Deendayal Port Authority (DPA) in Kandla. The project involves collaboration among major industry players — RIL, L&T, Greenko Group, and Welspun New Energy.

In October of last year, the DPA had received expression of interest for 14 land parcels, each measuring 300 acres, for this project.

DPA offered 14 plots with around 4,000 acres of land in total. Of this, RIL has been allotted six plots, L&T has been allotted five, Greenko Group has bagged two and Welspun New Energy has been allotted one plot. These four companies had bid the highest in the auction.

These allotments were made based on the highest bids in the auction.

Production Targets

The Kandla port aims to produce 7 MTPA of green ammonia and 1.4 MTPA of green hydrogen.

Green hydrogen is produced by electrolysing water using power from renewable energy sources, without emitting greenhouse gases. It is a crucial step toward achieving net-zero emissions.

Ammonia plays a pivotal role in producing green hydrogen at scale.

India's National Green Hydrogen Mission aims to position the nation as a leading global center for green hydrogen production.

The Ministry of Ports, Shipping & Waterways (MoPSW) identified and nominated DPA, Paradip Port in Odisha, and VO Chidambaranar Port in Tamil Nadu for development as hydrogen hubs capable of handling, storing, and generating green hydrogen by 2030

This project represents a significant step toward sustainable energy and has the potential to create substantial job opportunities. The formal announcement is expected after the general elections in June.

 

L&T Commissions Its First Indigenously Manufactured Electrolyser at a Green Hydrogen Plant in Hazira, Gujarat

Larsen & Toubro (L&T) has achieved a significant milestone in the clean energy space by commissioning its first indigenously manufactured electrolyser at the Green Hydrogen Plant at A M Naik Heavy Engineering Complex in Hazira, Gujarat. This pioneering6 accomplishment signifies L&T Electrolysers Limited's foray into domestic electrolyser manufacturing, underscoring the company's steadfast dedication to propelling sustainable energy solutions.

Featuring a rated power capacity of 1 MW (expandable to 2 MW), this electrolyser can produce 200 Nm3/Hr of hydrogen. It is equipped with two stacks and an Electrolyser Processing Unit (EPU) ML-400, which is indigenously manufactured and assembled, adhering to the latest international standards, and offers exceptional flexibility and thermal stability. The electrolyser will now undergo rigorous testing in the coming weeks to optimise its performance, and in turn, paving the way for full-fledged manufacturing of electrolysers.

L&T Electrolysers Limited, a newly incorporated entity of L&T, is focused on manufacturing pressurised alkaline electrolysers using the technology from McPhy Energy, France. The company spearheaded the complete value chain from engineering to manufacturing, in collaboration with Indian vendors and suppliers, thus setting a benchmark for "Make in India" initiatives. L&T Electrolysers plans to leverage its upcoming giga-scale facility in Hazira to meet the growing demand for green hydrogen, maximising product localisation through enhanced local supply chain, and automation for cost-competitiveness.

Mr Subramanian Sarma, Whole-time Director & Sr EVP (Energy), L&T said: “The indigenously manufactured electrolyser marks a transformative leap towards clean energy, positioning us to lead not only in the domestic market but also globally. This advancement significantly bolsters our offerings across the value chain, showcasing L&T as a global force in the clean energy space”.

Mr Derek M Shah, Sr VP & Head – Green Energy Business, L&T, said: “Our commitment to localisation in this project goes beyond mere cost-efficiency. It empowers the Indian supply chain, creates exciting opportunities for skilled professionals, and aligns perfectly with the vision of 'Aatmanirbhar Bharat”.

L&T Electrolysers has been allocated a significant 300 MW/annum capacity under the Production Linked Incentive (PLI) of the National Green Hydrogen Mission, launched by Government of India’s Ministry of New and Renewable Energy (MNRE) and implemented by the Solar Energy Corporation of India (SECI). This allocation underscores L&T Electrolysers’ potential to emerge as a key player in electrolyser manufacturing.

L&T Electrolysers Limited, a subsidiary of Larsen & Toubro Limited, is at the forefront of manufacturing pressurized alkaline electrolysers. The company is committed to delivering innovative, sustainable, and reliable solutions in the field of green hydrogen production, contributing to a cleaner and greener future.

Larsen & Toubro is a USD 23 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

In A World's Largest, India's ACME Group Inks Agreement with Japan's IHI Corp for Green Ammonia Plant with $5 Bn Investment

Indian Renewable Energy company - ACME and Japanese heavy industry major IHI Corporation sign one of the largest pact to supply Green Ammonia from India to Japan

ACME Group, a leading renewable energy company in India, and IHI Corporation, a Japanese integrated heavy industry group, signed an offtake term sheet for supply of green ammonia from Odisha, India to Japan. The term sheet was signed by Founder and Chairman of Acme Group, Manoj Upadhyay and President and CEO of IHI Corporation, Hiroshi Ide, in the presence of Union Minister for Power and New & Renewable Energy R. K. Singh.

The two companies will set up a green ammonia plant in Gopalpur, Odisha at an investment of Rs 60,000 crore.

The term sheet between IHI and ACME covers the supply of 0.4 MMTPA (million metric tons per annum) of green ammonia from Phase-1 of Odisha project in Gopalpur on a long-term basis.

Both companies wish to partner across the value chain, starting from production to logistics, supply to the Japanese customers and to create the market for green ammonia for use in a range of applications in power generation and various industrial uses in Japan to reduce the overall emissions.

Speaking about the agreement, the Union Minister for Power and New & Renewable Energy Shri R. K. Singh said that this is one of the first and largest agreements in the world in the field of green hydrogen and green ammonia. “Japan has been a close friend and partner of India. This collaboration in renewable energy in going green will further strengthen our partnership. India’s cost of making green hydrogen and green ammonia is already among the most competitive in the world. We are going to emerge as one of the largest manufacturers of green hydrogen and green ammonia in the world.”

Speaking about the strategic partnership, Ambassador of Japan to India Mr. Hiroshi Suzuki said that the signing of the term sheet marks a major milestone. “The partnership between Acme and IHI will bring remarkable success, given the potential of globally competitive green hydrogen in India. I express the Government of Japan’s unwavering support in taking forward the collaboration between India and Japan in the energy sector”, he added.

The Ambassador said that India-Japan Clean Energy Partnership, established by Prime Minister Narendra Modi and Prime Minister Fumio Kishida, has been driving the cooperation between the two countries. “I express the Government of Japan’s unwavering support in taking forward the collaboration between India and Japan in the energy sector”, he added.

The Ambassador also requested the Union Power & NRE mimister for early signing of Green Hydrogen and Green Ammonia Joint Declaration of Intent (JDI) involving the Ministry of Economy, Trade and Industry, Government of Japan and Ministry of New & Renewable Energy (MNRE) Government of India.

Japanese company IHI Corporation will be supporting the project to set up the 1.2 million tonne plant that is expected to require $5 billion of total investment.

Director and Managing Executive Officer, IHI Corporation, Shri Jun Kobayashi said: “This agreement builds upon our earlier MoU with ACME and represents the strong relationship and alignment between the two companies in developing the market for this new generation fuel”.

Last month, Adani Group also announced that the group had partnered with IHI Corporation along with an another Japanese major, Kowa company, to study & explore ammonia co-firing at the Adani Power Mundra plant. The studies aim at initially de-carbonizing Adani’s coal fired plants but with a larger objective to implement the technology in other coal-fired plants across India.

In October last year, AMG Green, a company founded by Hyderabad-based renewables group, Geenko, has secured $1.75 billion from Gentari of Malaysia's Petronas, and Singapore’s GIC sovereign wealth fund, to develop one of world's largest green ammonia platform. Prior to that, in April, Avaada Group today announced fundraise of $1.07 billion for its green hydrogen and green ammonia ventures in India. 

Amazon Installs Electrolyzer Via Plug Power To Produce Green Hydrogen for Powering Vehicles in Its Fulfillment Center

Amazon Inc, will now produce its own low-carbon green hydrogen to fuel more than 225 hydrogen fuel cell-powered forklift trucks at the site, known as DEN8.

It was in August last year when Amazon inked a deal with Plug Power Inc (PLUG.O), to supply liquid green hydrogen. Now in a latest, on Wednesday, Plug Power has announced that it has now completed the installation and commissioning of an electrolyzer system at an Amazon fulfillment center in Aurora, Colorado.

The installed Electrolyzer is one-megawatt (MW) proton exchange membrane Electrolyzer which is the first for Amazon and is now producing low-carbon hydrogen a.k.a green hydrogen.

The Electrolyzer, installed at the Amazon fulfillment center, uses electricity and water to produce hydrogen and is able to support up to 400 hydrogen fuel cell-powered forklift trucks. The hydrogen produced by the electrolyzer will be compressed on site and stored in a gaseous hydrogen storage tank for use by the forklift trucks.

Notably, Plug Power has collaborated with Amazon to deploy more than 17,000 fuel cells to replace batteries in forklift vehicles in more than 80 fulfillment centers in North America. However, for most of these locations, hydrogen to power the forklifts is produced elsewhere, liquified, and delivered by trucks to an on-site storage and dispensing system.

Now, with the electrolyzer installed in Amazon's own facility the e-commerce giant will now be producing it's own low-carbon hydrogen.

For this project, Plug Power Inc provided design, installation, commissioning, and maintenance services for the 1MW PEM electrolyzer and hydrogen storage —compatible with the existing refueling infrastructure and fuel cells already in use at the site. This is the first electrolyzer system installed and in use at an Amazon site.

In A Biggest Fundraise, Greenko Group Founders-owned AM Green Secures $1.75 Bn for One of the World's Largest Green Ammonia Platform

AM Green Ammonia Holdings (AMG Green), a company founded by Hyderabad based renewables group, Geenko, has secured $1.75 billion from Gentari, the clean energy division of Malaysia's Petronas, and Singapore’s GIC sovereign wealth fund, to develop one of world's largest green ammonia platform.

With investment of $1.60 billion, Petronas will secure a 30% stake in AM Green, valuing the newly formed company at $5 billion. The Greenko founders —Mahesh Kolli and Anil Kumar Chalamalasetty— will hold the remaining 70% along with Singaporean wealth fund GIC, which will invest $250 million.

This capital raise by AM Green is said to be one of the top five biggest capital raises in India in 2023 and among the world’s largest energy-transition deal.

According to a joint press release issued by Gentari and AM Green, the project aims to produce 5 million tonnes of green ammonia each year (MTPA) until 2030. This is equivalent to around 1 MTPA of green hydrogen and will account for 20% of India’s target for green hydrogen production by 2030 or 10% of Europe’s imported renewable hydrogen targets.

The green ammonia will be produced by a unit of AM Green — AM Green Ammonia Holdings. Post-investment from Gentari, GIC and AM Green, the unit will be a fully funded platform that will invest, in phases, in the Indian regions of Andhra Pradesh, Tamil Nadu, Gujarat, Karnataka, and Himachal Pradesh.

AM Green Ammonia will become one of the world’s leading producers of green ammonia.

AM Green will also produce green molecules such as green methanol, green caustic soda, green chlorine, bio fuels and various down stream high value green chemicals under its AM Green Molecules subsidiary.

Additionally, AM Green will also house a joint venture with John Cockerill of Belgium to manufacture electrolysers in its AM Green Technology & Solutions subsidiary; supplying about 6.5 GWs of electrolysers to AM Green Ammonia by 2030.

The first shipments of green ammonia will begin by late 2025 and will serve key OECD markets, including Germany, Japan, South Korea and Singapore.

Earlier in June, in Asia's largest equity round ever raised by any green energy company, Avaada Group had successfully closed $1.3 billion funding round bolstering its green hydrogen, green methanol, green ammonia, solar manufacturing and renewable power generation ventures.