Greenko Group and Belgium’s John Cockerill plan to set up a 2 gigawatt (GW) electrolyzer factory in India, one of the world's largest, through their joint venture. The factory will require an investment of $500 million, according to a person aware of the development.
This facility will be the world’ largest electrolyzer giga factory outside China, and has the potential to help replace around 8% of India’s annual liquified natural gas (LNG) imports. This assumes significance from the energy security perspective, given that India imports 85% of its oil and 55% of natural gas requirements. This also comes in the backdrop of global flash-points such as the ongoing Russia-Ukraine crisis that has added to the uncertainty in the international energy markets.
“The Gigafactory will include the full manufacturing electrolyzer value chain including state of the art nickel coating and will produce electrolyzers delivering H2 at 30 bars at the outlet at the highest purity level," the firms said in a joint statement.
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