17 February 2024 – Haryana-based startup Hygenco is set to revolutionize India’s energy landscape by constructing and operating the country’s inaugural green hydrogen plant in Maharashtra. This landmark initiative positions Hygenco at the forefront of sustainable energy solutions, contributing to a cleaner and greener future. Green hydrogen, produced through electrolysis using renewable electricity, emerges as a pivotal player in combating carbon emissions associated with traditional hydrogen production methods.
Hygenco, a Haryana-based green hydrogen company founded in 2020, is embarking on a transformative journey to establish India’s first operational green hydrogen plant in Maharashtra. The venture aligns with the nation’s commitment to renewable energy and sets the stage for a substantial shift towards clean and sustainable energy sources.
About Hygenco:
Founded by Amit Bansal, CEO of Hygenco Green Energies, the company specializes in constructing, owning, and operating green hydrogen facilities across India. Amit Bansal’s vision is rooted in addressing India’s energy challenges and fostering energy independence, job creation, and a sustainable future.
India’s burgeoning energy needs, coupled with a reliance on fossil fuels and the imperative to achieve net-zero targets, underscore the critical role of green hydrogen. Amit Bansal emphasizes the potential for green hydrogen to contribute to energy independence, job creation, forex savings, and decarbonizing hard-to-abate sectors.
Hygenco is actively engaged in developing green hydrogen facilities in Haryana and Maharashtra, offering comprehensive techno-commercial solutions for sustainable transportation. The company recently inked green hydrogen and green oxygen offtake agreements with Sterlite Technologies Ltd (STL), showcasing its commitment to providing custom and reliable green hydrogen solutions.
Impact and Future Plans:
The initiation of India’s first green hydrogen plant by Hygenco marks a significant milestone in the nation’s quest for sustainable energy. With a mission to develop 10 GW of commercially attractive production and distribution assets by 2030, Hygenco envisions a future where green hydrogen becomes a mainstream energy source, replacing traditional fuels.
Conclusion:
Hygenco’s pioneering efforts in establishing India’s inaugural green hydrogen plant herald a new era in the country’s energy landscape. The startup’s commitment to sustainability, coupled with strategic collaborations, positions it as a key player in India’s journey towards achieving a low-carbon and environmentally responsible energy ecosystem.
