Erisha E Mobility Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Gujarat, focusing on green hydrogen production.
The MoU, worth $830m, outlines a collaborative effort to explore, develop, and implement renewable energy solutions, specifically focusing on green hydrogen production and establishing an electric vehicle (EV) park, deploying 100 EV charging hubs across Gujarat, India.
Already boasting European partners in the green hydrogen industry, Erisha E Mobility plans to set up an ecosystem for green hydrogen using renewable energy sources, with an investment of $600m and projected employment of 4,000 people in the state of Gujarat.
The EV Park will be supported by an investment of $180m and is expected to become a hub for electric mobility R&D. The company is also aiming to establish a robust charging infrastructure and installation, worth around $50m.
Dr Darshan Rana, Chairman and Managing Director at Erisha E Mobility, said, “Our expertise in electric mobility solutions, combined with the government’s commitment to sustainability, will undoubtedly create a positive impact on the environment, accelerate the adoption of green hydrogen and drive economic growth.”
In 2023, the India Hydrogen Alliance (IH2A) estimates the addressable market for Indian-manufactured hydrogen equipment could reach $45-50bn by 2030.
Read more:India’s hydrogen equipment market could reach $50bn by 2030, says IH2A
The IH2A Hydrogen Equipment Manufacturing and Services report’s market assessment suggests India could produce equipment for domestic deployment and export to Asia, the Middle East and Africa.
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