Incentives for Green Hydrogen Electrolysers
- The Govt. of India on 28th June 2023 – Ministry of New and Renewable Energy (MNRE – Hydrogen Division) announced scheme guidelines under National Green Hydrogen Mission for “Incentives for Electrolyser Manufacturing”.
- The scheme is covered under “Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme – Component I with a total outlay of INR 4,440 Crores.
- The objectives of the scheme are as under:
Maximize the indigenous electrolyser manufacturing capacity
Achieving lower levelized cost of Hydrogen Production
Ensuring globally competitive performance and quality of products
Progressively enhancing domestic value addition
Supporting established and promising technologies
MNRE through Solar Energy Corporation of India (SECI) will invite bids for competitive selection wherein bidders are required to submit:
Annual Manufacturing Capacity for which incentive is sought.
Committed Specific Energy Consumption (SEC) of Electrolyser produced each year for 5 year period.
Committed Local Value Addition on an annual basis for 5 years.
- Eligibility
The bidder can be a single company or a joint venture or Consortium of more than one company.
Net worth of the bidder as on the last date of Financial Year should be equal to or greater than Rs. 1 Cr per MW of of quoted manufacturing capacity.
The beneficiary will have to demonstrate minimum 50% of annual sales of electrolysers for installation of projects in India.
Electrolysers manufactured by bidders must fulfill:
- Specific Energy Consumption <=56 kWh per Kg of H2 production.
- Guaranteed life of 60,000 hours.
- Minimum 40% & 30% LVA during 1st Year of Alkaline Electrolyser and others respectively.
- Incentives
- The incentives will be based on the INR/ KW being generated
- The Base incentive will be INR 4,440/ KW for the 1st year and reducing to INR 1,480 by 5th Year.
Need support in claiming subsidy from the government, read our publication (H2 Electrolyser_GHM) or contact us.