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					</table><p>Reliance Electrolyzer Manufacturing (<a href="https://www.ril.com/businesses/new-energy-materials#:~:text=Energy%20storage%20and%20Green%20Hydrogen%20production&amp;text=For%20large%20scale%20and%20cost,giga%2Dscale%20electrolyser%20manufacturing%20facility." target="_blank" rel="noopener">Reliance</a>), <a href="https://hydrogen.johncockerill.com/en/products/" target="_blank" rel="noopener">John Cockerill Green Hydrogen Solutions</a>, <a href="https://www.jindalindia.com/" target="_blank" rel="noopener">Jindal India</a>, and <a href="https://www.adani.com/" target="_blank" rel="noopener">Adani New Industries</a> were among the winners of Solar Energy Corporation of India’s (<a href="https://www.seci.co.in/">SECI</a>) tender to set up 1.5 GW of electrolyzer manufacturing capacities across India.</p>
<p>The manufacturing capacities will be set up under the Ministry of New and Renewable Energy’s (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>) Tranche-I of the Strategic Interventions for Green Hydrogen Transition (SIGHT) program.</p>
<p>The tender <a href="https://www.mercomindia.com/seci-rfs-1-5-gw-electrolyzer-manufacturing" target="_blank" rel="noopener">floated</a> in July sought proposals under two buckets</p>
<ol>
<li>Electrolyzer manufacturing capacity based on any stack technology (1,200 MW) and</li>
<li>Electrolyzer manufacturing capacity based on indigenously developed stack technology (300 MW).</li>
</ol>
<p>Under Bucket I, Reliance, John Cockerill, and Jindal India won 300 MW per year capacity with a maximum incentive allocation of ₹4.44 billion (~$53.6 million) each.</p>
<p>Other winners included <a href="https://www.ohmium.com/" target="_blank" rel="noopener">Ohmium Operations</a>, who won 137 MW/annum for a maximum incentive allocation of ₹2.03 billion (~$24.51 million), <a href="https://advaitinfra.com/" target="_blank" rel="noopener">Advait Infratech</a> (consortium with <a href="https://rajeshpower.com/" target="_blank" rel="noopener">Rajesh Power Service</a>) won 100 MW with an incentive allocation of ₹1.48 billion (~$17.87 million).</p>
<p><a href="https://www.lntgreen.com/our-businesses/green-manufacturing-electrolyser/" target="_blank" rel="noopener">L&amp;T Electrolyzers</a> won 63 MW out of the 300 MW per annum quoted capacity with an incentive allocation of ₹932.4 million (~$11.26 million).</p>
<p>The total bids received for Bucket I were 2,842 MW per annum.</p>
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-62218" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-I-Auction-Results.png" alt="SECI Electrolyzer Bucket I Auction Results" width="763" height="341" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-I-Auction-Results.png 763w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-I-Auction-Results-300x134.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-I-Auction-Results-650x290.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-I-Auction-Results-624x279.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-I-Auction-Results-600x268.png 600w" sizes="(max-width: 763px) 100vw, 763px" /></p>
<p>Under Bucket II, <a href="https://www.h2epower.net/" target="_blank" rel="noopener">Homihydrogen</a> won 101.5 MW/annum capacity with an incentive allocation of ₹1.5 billion (~$18.11 million), and Adani New Industries won 198.5 MW/annum capacity with an incentive allocation of ₹2.94 billion (~$35.49 million).</p>
<p>Adani had quoted for 300 MW/annum capacity.</p>
<p>The total bids received for Bucket II were 486.5 MW/annum.</p>
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-62219" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-II-Auction-Results.png" alt="SECI Electrolyzer Bucket II Auction Results" width="817" height="230" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-II-Auction-Results.png 817w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-II-Auction-Results-300x84.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-II-Auction-Results-768x216.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-II-Auction-Results-650x183.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-II-Auction-Results-624x176.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/SECI-Electrolyzer-Bucket-II-Auction-Results-600x169.png 600w" sizes="(max-width: 817px) 100vw, 817px" /></p>
<p>The selected bidder must set up the manufacturing facilities within 24 months of receiving the letter of award.</p>
<p>The guaranteed life of electrolyzers must be at least 60,000 hours.</p>
<p>According to the tender, the bidders who win less than 300 MW in the first bucket will be considered for the balance capacity under the second bucket.</p>
<p>The maximum incentive allocation under both buckets is for the entire incentive period.</p>
<p>The base incentive for both buckets will start at ₹4,440 (~$53.13)/kW in the first year and progressively reduce to ₹3,700 (~$44.68)/kW in the second year, ₹2,960 (~$35.74)/kW in the third year, ₹2,220 (~$26.81)/kW in the fourth year, and ₹1,480 (~$17.87)/kW in the fifth year.</p>
<p>Mercom recently <a href="https://www.mercomindia.com/greenko-acme-reliance-winners-secis-green-hydrogen-auction" target="_blank" rel="noopener">reported</a> on the winners of the green hydrogen production auction under the SIGHT program.</p>


Reliance, Jindal, Adani Among Winners of SECI’s Electrolyzer Manufacturing Auction

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