Commercial and industrial solar manufacturer Oriana Power plans to build a gigawatt-scale factory to produce alkaline electrolysers and balance of plant (BOP) modules locally in India.
The initiative would help boost local manufacturing of critical renewable energy (RE) technology, transition to clean energy and reducing dependency on imports. The company has planned investment in the range of around USD 25-35 million for the factory.
The factory will be commissioned in two phases and the first phase of 500 MW annual capacity for electrolyser production is expected to be operational in 2026. The new factory is being set up in partnership with Splitwaters, a US-based firm which provides cutting-edge alkaline electrolyser and BOP equipment. Splitwaters’ one stop shop model and modular technology addresses the issues of high initial capital costs and lengthy execution timelines.