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GreenZo Vitality on Wednesday stated it’s planning to speculate as much as Rs 400 crore to arrange a 250 MW electrolyser manufacturing facility. The corporate will even spend Rs 70 crore on the R&D (Analysis & Improvement) for the manufacturing of the inexperienced hydrogen electrolyzer in 2022-23, the corporate stated.
In a press release, the corporate stated, “It plans to arrange a 250 MW electrolyser manufacturing facility, which might devour an funding of Rs 3-4 billion by the tip of 2025. This may guarantee the provision of end-to-end options throughout the nation and reduce down dependence on imports for this key gear. Native manufacturing of electrolysers is essential to bringing the price of inexperienced hydrogen to USD 1-2 per kilogram by 2030”.
Sandeep Agarwal, founder and Chairman of GreenZo Vitality, stated the corporate will make investments over Rs 70 million on the R&D division on expertise for manufacturing of the inexperienced hydrogen electrolyzer in 2022-23.
The assertion didn’t present any additional info associated to the situation of the plant.
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