India revises list of electrolyser subsidy winners
Following Jindal’s exit from the process, production-linked incentives have been re-allocated to Larsen & Toubro and Matrix Gas and Renewables
The Indian government has revised its list of winners for the first auction for electrolyser manufacturing subsidies, originally announced in January, after steelmaker Jindal — which had won incentives for 300MW of annual manufacturing capacity — dropped out of the process.
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Engineering company Larsen & Toubro, which had in January seen its 300MW/year bid partially awarded to cover 63MW/year, has now been awarded production-linked incentives for its full bid.
Meanwhile, Matrix Gas and Renewables, which had been left off the original winners’ list, has now been allocated subsidies for 63MW/year of its 105MW/year bid, worth up to 932.4m rupees.
Awards for a separate block of funding — for “indigenously developed” technology (rather than intellectual property licensed from abroad, such as L&T’s use of McPhy tech) — did not change, as that had already been fully allocated.
Company
Bid capacity (MW/year)
Awarded capacity (MW/year)
Maximum incentive allocation (million rupees/year)
Reliance Electrolyser Manufacturing Limited
300
300
4,440
Ohmium Operations Private Limited
137
137
2,027.6
John Cockerill Greenko Hydrogen Solutions Private Limited
300
300
4,440
Advait Infratech Limited
100
100
1,480
L&T Electrolysers Limited
300
300
4,440
Matrix Gas and Renewables Limited
105
63
932.4
Homihydrogen Private Limited*
101.5
101.5
1,502.2
Adani New Industries Limited*
300
198.5
2,937.8