Located in Haryana, Hygenco is a firm that aims to transform India's energy sector by building and running the nation's first green hydrogen plant in Maharashtra. Thanks to this historic project, Hygenco is now leading the way in sustainable energy solutions, which will help create a cleaner and more environmentally friendly future. Green hydrogen, created by electrolyzing renewable energy sources, becomes a key component in the fight against carbon emissions linked to conventional hydrogen production techniques. The first operational green hydrogen plant in India is set to be established in Maharashtra by Hygenco, a 2020-founded green hydrogen firm located in Haryana. The project supports the country's commitment to renewable energy and lays the groundwork for a significant transition to clean, sustainable energy sources.

About Hygenco ~

The firm was founded by Amit Bansal, the CEO of Hygenco Green Energies, and is focused on building, owning, and running green hydrogen plants throughout India. Addressing India's energy issues and promoting energy independence, job development, and a sustainable future are at the core of Amit Bansal's mission. The growing energy requirements of India, along with its dependency on fossil fuels and the goal to meet net-zero emissions, highlight the vital role that green hydrogen plays. Amit Bansal highlights how green hydrogen may help decarbonize challenging industries, create jobs, save foreign exchange, and promote energy independence. Hygenco provides full techno-commercial solutions for sustainable transportation and is actively involved in developing green hydrogen facilities in Maharashtra and Haryana. The firm has signed offtake agreements for green hydrogen and green oxygen with Sterlite Technologies Ltd (STL), demonstrating its dedication to providing specialized and trustworthy green hydrogen solutions.

Amit finished his postgraduate studies in business administration at the Shailesh J. Mehta School of Management, IIT-Bombay, in 2010, having pursued engineering in 2005. He began his professional life as a co-founder of Vivaan Solar, a renowned solar plant installation business that provides turnkey solar power plants all across the nation. Amit aspired to alleviate India's energy challenges while employed in the renewable energy industry.

Why India Needs Green Hydrogen ~

According to Amit Bansal, India's rapid economic growth is causing a rise in the country's consumption of fossil fuels. He states that there is a very strong business sense for harnessing the power of green hydrogen since the country is significantly dependent on imports for its energy needs.
Reducing the import of fossil fuels will save valuable foreign exchange that may be used for social purposes like education and health. Furthermore, from being a major importer of fossil fuels, the nation can even aim to become a net exporter of ammonia and its derivatives," he continues. Furthermore, according to Amit, "Hard-to-abate sectors can decarbonize with the help of green hydrogen and its derivatives as fuel, particularly since these sectors account for nearly 80% of the carbon footprint." This will be important since replacing all conventional power with 100% green electricity would only lead to 20% decarbonization. To capitalize on the rising demand for green hydrogen, in 2020, Amit founded Hygenco intending to secure a sustainable future for future generations and assist India in becoming energy-independent, particularly in light of the growing number of climate-related issues

Impact and Future Plans ~

Hygenco's launch of India's first green hydrogen plant is a critical turning point in the country's pursuit of sustainable energy. Hygenco's goal is to create 10 GW of economically viable production and distribution assets by 2030. The company sees a day when green hydrogen replaces conventional fuels as a common energy source. In conclusion, India's energy landscape is about to enter a new age thanks to Hydrogenco's innovative efforts in building the nation's first green hydrogen plant. The firm is positioned to play a significant role in India's transition to a low-carbon and ecologically conscious energy ecosystem because of its dedication to sustainability and strategic partnerships.