No.2 in India? H2E Power to start producing electrolysers from April

Pune-based H2E Power Systems expects to start manufacturing electrolysers for producing green hydrogen from April, reports Business Line.

The company’s founder and CEO, Siddharth Mayur, has told the paper that it would manufacture electrolysers with all the four technologies — alkaline, proton exchange membrane, solid oxide and anion exchange membrane — spending $40 million for that purpose. The first plant, for 50 MW, slated to be commissioned in April, is coming up at Jalgaon in Maharashtra. 

Mayur said while the manufacturing infrastructure would be set up for 1 GW of electrolysers, H2E Power would start with 50 MW and move to 200 MW next year. Mayur said H2E Power has developed the technologies, though with technical help from the German Fraunhofer Institute. H2E Power owns the intellectual property. He said the company would showcase its 500 kW AEM electrolyser at the Hannover Messe fair, which is to be held in April.  AEM is an emerging technology, which is said to have the best of the cheap alkaline and the efficient PEM. Alkaline is said to be not-so-safe; PEM needs costly platinum group metals.

H2E Power is financially backed by the Poonawala family that owns the vaccine manufacturer, Serum Institute of India. The family has an undisclosed stake in H2E Power.