The factory will be commissioned in two phases and the first phase of 500 Megawatt (MW) annual capacity for electrolyzer production is expected to be operational in 2026. The new factory is being set up in partnership with Splitwaters, a US-based provider of cutting-edge alkaline electrolyzer and BOP (Balance of Plant) equipment.
"This factory will be a critical component in the company's efforts to develop green hydrogen and e-fuels, including green ammonia, e-methanol, and green methanol," the company said in a press statement.
Oriana Power's collaboration with US-based Splitwaters, announced last month, will allow the company to utilize state-of-the-art electrolysis technology to ensure highly efficient hydrogen production from renewable energy sources, the company said.
The BOP systems will support the electrolyzers by managing critical functions such as water supply, gas separation, and purification, ensuring optimal performance and reliability.
“The green hydrogen market faces significant challenges due to high initial capital costs and lengthy execution timelines, but Splitwaters’ one-stop-shop model and modular technology address both these issues effectively,” said Anirudh Saraswat, Chief Business Officer of Oriana Power.
"Our partnership with Splitwaters allows us to deploy their state-of-the-art technology to produce these clean energy carriers at scale and at a significantly lower cost, up to 30% lower CAPEX than competing methods."
Oriana Power said it is also working on developing Green Hydrogen and E-Fuels projects in the UK and Europe, in partnership with Splitwaters.
“The payoffs from the Green Hydrogen and e-Fuels business will start by next financial year and we expect this business to contribute a significant share of our revenues by FY2027," Saraswat added.
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