Gensol Engineering Limited together with Matrix Gas & Renewables Ltd. announced the grant of manufacturing capacity for an advanced Electrolyser Plant under the auspices of the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program. This initiative signifies a pivotal step forward in India's commitment to green hydrogen as a cornerstone of its decarbonization strategy and net-zero emission commitment. The awarded project, with a manufacturing capacity of 63 MW per annum, is strategically positioned to contribute significantly to India's ambitious goal of producing 5 million metric tons of green hydrogen annually by 2030.

This aligns with the national Green Hydrogen Mission, bolstered by the Production Linked Incentive (PLI) scheme, underpinning collective pursuit of net-zero emissions and sustainable development. The awarding of the Manufacturing Capacity to Gensol and Matrix under the SIGHT PLI Scheme's Tranche-I, as part of the National Green Hydrogen Mission, is a significant endorsement of their dedication to the renewable energy landscape, which not only solidifies their position as comprehensive green hydrogen solutions providers but also enhances their technical expertise. Furthermore, it paves the way for new growth opportunities and partnerships within the renewable energy domain, reinforcing their role in advancing the transition to sustainable energy sources.