Adar Poonawala-backed homiHydrogen, a joint venture between, h2e Power Systems Private Limited, BlueBasic AMA Engineering (H2energy, Italy), and Greenstat Hydrogen India, is setting up a 1.5 GW per annum manufacturing facility for electrolysers in India.

Budgeted at US $50 million, the facility will cater to both domestic and export markets. The new project is a stepping stone to make India a hub for Green Hydrogen technologies and contribute to the Net Zero commitment made by Prime Minister Narendra Modi, while creating about 300 green new jobs to meet ambitious Green Hydrogen targets set by the Government of India.

An offset of India’s first end-to-end fuel cell and electrolyser company, h2e Power System, homiHydrogen, harbors value and expertise to become the first company to provide all four commercially available electrolysers. The venture will manufacture state-of-the-art, efficient and cost effective Alkaline, AEM, PEM, and SOE electrolysers in India. homiHydrogen has presence in the entire value chain of electrolysers required for producing Green Hydrogen.

With this composition, homiHydrogen stands in solidarity with the National Hydrogen Mission announced by the Prime Minister. It aims to make India a global manufacturing hub for Electrolysers and the production of Green Hydrogen & Green Ammonia.

Siddharth R Mayur, Founder & Managing Director of h2e Power said, “homiHydrogen stands unique with its focus not only on electrolysers but also critical components like rectifiers & transformers, R&D, and last mile solutions. The name homiHydrogen is a tribute to the great Indian Scientist Dr. Homi Jehangir Bhabha.”

Commenting on the joint venture Dr. Sturle Pedersen, Chairman, GreenStat Hydrogen India said, “GreenStat is excited to be a partner in India’s journey to become a Green Hydrogen hub. homiHydrogen is distinctive as we will produce a bouquet of electrolyser technologies, which will cater to a wide range of market segments. This joint venture reinforces our commitment to Indo-Norwegian partnership.”

Dr. Prashant Kamath, Managing Director, BlueBasic Engineering India said, “We are extremely proud that we are able to bring global technologies to India and manufacture them with the local Indian innovation to create a built to last product. BlueBasic is looking forward to contributing to homiHydrogen with the most innovative electrolyser technologies, which will be a fitting tribute to the Great Dr. Bhabha.”

homiHydrogen will start production in 2023 and will deliver a 100% Made in India product realizing the vision of an Atmanirbhar India. The company also announced its association with OIL India Ltd, the nation’s second-largest national oil and gas explorer to build an effective green hydrogen value chain in the country, progressing the vision further.