Advaiteco Technologies' Expansion in Green Energy Sector with Hydrogen Focus
Key Ideas
- Advaiteco Technologies, a subsidiary of Advait Energy Transitions, will specialize in manufacturing and trading hydrogen technology equipment for green energy projects.
- The entity will establish manufacturing facilities for equipment like electrolysers and fuel cells, supporting renewable energy sources and storage of hydrogen and its byproducts.
- Advaiteco Technologies aims to form partnerships with international players in the green energy sector to offer integrated solutions to customers.
- The approval from the Ministry of Corporate Affairs marks a significant step for the company in expanding its presence in the green energy market.
Advait Energy Transitions has announced the approval to incorporate Advaiteco Technologies as a wholly owned subsidiary. Advaiteco Technologies will focus on manufacturing, assembly, and trading of hydrogen technology equipment to support green ammonia, green hydrogen, and green methanol projects. The entity will operate manufacturing facilities for equipment such as electrolysers and fuel cells, related to renewable energy sources and hydrogen derivatives. Additionally, it will engage in activities concerning the storage and transport of hydrogen. Advaiteco Technologies plans to establish partnerships and joint ventures with international players in the green energy sector to provide customers with comprehensive solutions. This strategic move signifies the company's commitment to the green energy market and its aim to contribute to sustainable energy solutions.