Oswal Energies Launches Rs 320 Crore Green Hydrogen Initiative in Ahmedabad
Key Ideas
- Oswal Energies initiates a Rs 320 crore green hydrogen project in Ahmedabad with a 1 MW electrolyser from Greenzo Energy India.
- The project aims to deploy 20 MW of green hydrogen infrastructure for the chemical and fertilizer sectors over the next 12-18 months.
- Greenzo's technology will be used to build plants ranging from 0.5 MW to 5 MW capacity, emphasizing sustainability and self-reliance.
- Both companies express pride in contributing to India's green manufacturing ecosystem and supporting the country's energy goals with locally made hydrogen solutions.
Oswal Energies, based in Ahmedabad, has launched a significant green hydrogen initiative with an investment of Rs 320 crore. The company received its first 1 MW electrolyser stack from Greenzo Energy India, marking the beginning of a 20 MW Build-Operate-Transfer (BOT) green hydrogen deployment project focused on the chemical and fertilizer industries. Over the next 12 to 18 months, Oswal Energies plans to roll out a series of plants ranging from 0.5 MW to 5 MW capacity, utilizing Greenzo's advanced indigenous technology. Ratan Bokadia, the managing director of Oswal Energies, emphasized the company's vision of combining sustainability with self-reliance through this partnership, aiming to empower industries with low-carbon emission solutions. Sandeep Agarwal, the managing director of Greenzo Energy, highlighted the importance of supporting India's energy goals with cost-effective, locally manufactured hydrogen solutions. Both companies expressed pride in contributing to India's green manufacturing ecosystem and promoting the shift towards renewable and sustainable energy sources.