Mumbai: Ahmedabad-based Oswal Energies will invest Rs. 320 crore over the next two years to set up facilities for the production, storage, and transportation of green hydrogen.
For this, the company has tied up with Greenzo Energy to manufacture and supply electrolysers in India and with UK-based Sinclair for advanced storage and transport systems. According to the company, the partnership of local and international expertise will help in supplying hydrogen to major industries.
As part of the plan, a 20 MW green hydrogen plant will come up in Gujarat within the next 12–15 months. The company will also set up hydrogen plants with capacities between 0.5 MW and 5 MW in the next 12–18 months under a Build-Operate-Transfer model. Work has already started with the delivery of a 1 MW electrolyser stack, the company said.
The fresh investment reflects Oswal Energies’ push to create clean energy infrastructure in line with India’s needs. “By combining local manufacturing with global technology, we want to contribute to India’s target of becoming a hub for green hydrogen,” the company said in a statement.
The project will mainly help the chemical and fertilizer industries, which are looking to shift to cleaner sources of energy. With technology for electrolysis and a reliable system for storage and transport, Oswal Energies aims to build a complete hydrogen supply chain.
Established in 2013, the company works in Engineering, Procurement, and Construction (EPC) and has delivered more than 250 projects across Asia, Europe, and Africa for clients such as Shell, ExxonMobil, ONGC, Linde, and Cairn Oil & Gas.
