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GreenZo Energy on Wednesday said it is planning to invest up to Rs 400 crore to set up a 250 MW electrolyser factory. The company will also spend Rs 70 crore on the R&D (Research & Development) for the production of the green hydrogen electrolyzer in 2022-23, the company said.
Sandeep Agarwal, founder and Chairman of GreenZo Energy, said the company will invest over Rs 70 million on the R&D department on technology for production of the green hydrogen electrolyzer in 2022-23.
The statement did not provide any further information related to the location of the plant.
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