GreenZo invests in the development of green hydrogen

GreenZo Energy Pvt Ltd, an Indian renewable energy consulting and project developer, is planning to invest in establishing a 250-MW electrolyser facility. The facility will help to reduce the country’s reliance on imported green hydrogen manufacturing equipment.

The company plans to expedite the green hydrogen project by the end of 2025 by investing between $0.039 and $0.052 billion (₹3 billion and ₹4 billion). It plans to invest about $0.90 million (₹70 million) for PEM technology research and development.

The company intends to commence local production of electrolysers, which will help in lowering the cost of green hydrogen down to between $1 and $2 per kilogram.