Hygenco Green Energies is planning to invest $2.5 billion across various states in India within the next three years to establish green hydrogen projects. The strategic move reflects the company’s commitment to seizing opportunities in India’s growing market for clean fuel. Operating primarily on the build-own-operate (BOO) model, Hygenco is known for its proficiency in green hydrogen production technology, engineering, and design, which contribute to cost reduction in production processes.
Currently, Hygenco operates green hydrogen production facilities at two plants: a 140 KW R&D-cum-demonstration unit located in Ujjain (Madhya Pradesh), and a 3 MW renewable energy (RE) capacity plant in the final stages of commissioning in Hisar (Haryana). Additionally, the company is actively constructing two more plants in Maharashtra as part of Phase-I, with a combined capacity of 15 MW.
As reported by Swarajya, Hygenco’s ambitious ventures include projects ranging from 50 to 200 MW, spread across seven states. The projects target industries such as refineries, steel, and fertilizers, which face challenges related to emissions in their manufacturing processes. Anshul Gupta, Co-founder and Chief of Strategy and Innovations, Hygenco, revealed that “we have secured land for upcoming projects, and active ordering, development, or construction work is underway. Over the next three years, we anticipate a total capital expenditure of approximately $2.5 billion in India”.
