GH2 Solar to Invest ₹400 Crore in Electrolyser Plant, Eyes 2026 IPO

GH2 Solar, a company focusing on green hydrogen solutions, has announced ambitious plans for expansion and investment in the renewable energy sector. The company is set to establish a state-of-the-art electrolyser manufacturing facility in Morena, Madhya Pradesh, with a significant initial investment.

₹400 Crore Investment in Electrolyser Plant

GH2 Solar is committing ₹400.00 crore for the first phase of its new manufacturing facility. The plant will have a capacity to produce 105 MW of electrolysers, positioning the company as a key player in the green hydrogen industry. This investment aligns with India's push towards cleaner energy solutions and self-reliance in critical technologies.

Government Support and Job Creation

The company's initiative has received substantial government backing, with GH2 Solar securing a ₹157.50 crore subsidy under the Production Linked Incentive (PLI) scheme for electrolyser manufacturing. This support underscores the government's commitment to promoting domestic manufacturing in the renewable energy sector.

The new facility is expected to generate employment opportunities, with approximately 600 jobs to be created in the Gwalior region. This development is likely to boost the local economy and contribute to skill development in the area.

Expansion Plans and Future Capacity

GH2 Solar has outlined ambitious expansion plans:

• Total projected capacity of 500 MW in electrolysers
• 3 GWh capacity in battery energy storage systems
• Plans for green hydrogen production at a coastal site
• Target of 10,500 MTPA green hydrogen capacity within 2.5 years

Strategic Partnerships and Green Ammonia Production

The company is actively engaging in strategic discussions and partnerships:

• Exploring electrolyser solutions for green ammonia tenders
• Plans to sign an MoU with KPI Group in Surat
• Aim to produce 100,000 MT of green ammonia

Financial Plans and IPO Aspirations

GH2 Solar has set its sights on significant financial milestones:

• Aims to raise ₹600.00-800.00 crore in funding
• Plans for an Initial Public Offering (IPO) by August or September 2026

This financial strategy indicates the company's long-term vision and its intent to capitalize on the growing interest in green energy solutions.

The investment in electrolyser manufacturing and the focus on green hydrogen and ammonia production position GH2 Solar as a potentially significant player in India's renewable energy landscape. As the company progresses towards its planned IPO in 2026, it will likely attract attention from investors interested in the green energy sector.