Adani New Industries Ltd (ANIL) has been selected to pilot a project focusing on domestic electrolyzer production as part of the national green hydrogen mission. The company aims to establish an overall electrolyzer production capacity of five GW, with an investment projected up to $3 billion, planning to reach two GW by FY25.
The facilities will produce indigenous alkaline electrolyzers under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program associated with the mission.
Alkaline electrolyzers, known for their cost-effectiveness compared to other technologies like proton exchange membrane, are utilized in the production of green hydrogen. Initially, ANIL will develop a facility with a capacity of 198.5 MW, for which it will receive government incentives up to ₹293.78 crore provided by the SIGHT scheme.
The government program will continue to offer incentives to manufacturers of alkaline electrolyzers until FY30. Eligible companies are required to establish their manufacturing units within two years following the receipt of the award letter.
Currently, the manufacturing costs for electrolyzers are approximately $600 per kilowatt (kw), which implies that the group will need to spend around $3 billion to achieve the 5 GW capacity.
As reported by businessline, additionally, Adani New Industries has established partnerships with Cavendish Renewable Technology (Australia) and Hydep (Italy) to secure the alkaline-based technology. The company is also exploring anion exchange membrane (AEM) technologies, currently in the prototype stage.
