Founded in 2020 by Amit Bansal, Aashish Gupta, and Anshul Gupta, Hygenco is quickly making a name for itself in the world of sustainable energy, with a bold mission to lead the green hydrogen revolution in India and beyond.
With a vision to deploy large-scale green hydrogen and green ammonia-powered solutions, Hygenco is using cutting-edge technology to solve critical challenges in various industries, from steel manufacturing to mobility and power grids.
Addressing the Industry Sustainability Challenge
Hygenco is addressing a crucial need in the global energy transition: how to reduce industries’ dependence on fossil fuels and move towards cleaner, sustainable solutions.
Traditional energy sources, particularly in heavy industries like steel, fertilizers, and transportation, have long relied on grey hydrogen – produced from fossil fuels, contributing to high carbon emissions.
As the world grapples with climate change, the demand for green hydrogen, which is produced using renewable energy, has never been higher.
To meet this demand, Hygenco is pioneering a new approach, leveraging proprietary simulation technology and the power of IoT, digital twins, and machine learning (ML) for optimizing plant designs and real-time operations.
The company’s approach is focused on making green hydrogen affordable, simple, and scalable, ensuring that industries can easily transition to greener alternatives.
A Journey of Innovation and Growth
Since its inception, Hygenco has made significant strides in green hydrogen production.
The company’s journey began with the commissioning of India’s first fully autonomous green hydrogen demo plant in March 2022.
By August 2022, Hygenco secured its first long-term green hydrogen offtake agreement with Jindal Stainless, marking a pivotal moment for the industry.
The company’s capabilities were further recognized with a USD 25 million investment commitment from SBICAP Ventures in October 2022.
Building on this momentum, Hygenco has expanded its reach internationally, signing an MoU with Al Jomaih Energy and Water to explore green hydrogen projects in the Middle East and initiating discussions for land acquisition at Gopalpur SEZ in India.
With a strong focus on technological innovation and commercial viability, Hygenco is well-positioned to lead the global green hydrogen movement.
Key Projects Driving the Green Hydrogen Movement
1. Project Heartland (Ujjain, 2022):
India’s first 100% green hydrogen plant, commissioned in March 2022, was a groundbreaking achievement for Hygenco.
Located in proximity to a 75 MW solar PV farm and a 200 MW wind farm, Project Heartland is a fully autonomous pilot plant that operates using an advanced Energy Management and Control System.
This demonstration plant not only showcases Hygenco’s cutting-edge technology but also sets the stage for scaling up green hydrogen production across the country.
2. Project Photon Leap (Maharashtra, 2024):
A joint venture with Sterlite Technologies, Project Photon Leap is aimed at transitioning the manufacturing of optical fibers to green hydrogen energy.
This project represents one of the first in the world to integrate green hydrogen into optical fiber production, contributing to a 30% annual reduction in carbon emissions.
The plant will utilize solar and wind-based renewable energy for hydrogen production, ensuring a more efficient and safer alternative to conventional hydrogen procurement methods.
3. Project Steel One (Haryana, 2024):
Hygenco’s commercial-scale green hydrogen project in collaboration with Jindal Stainless, Steel One, is poised to be a game-changer for the steel industry.
This solar-powered plant will produce green hydrogen using an alkaline electrolyzer and supply it for ammonia replacement in the stainless steel heat treatment process.
Steel One is a green hydrogen plant developed under a 20-year fixed-price offtake agreement, marking a significant milestone in the country’s green energy transition.
The Vision for 2030
Looking ahead, Hygenco has set an ambitious target to develop 10 GW of commercially viable green hydrogen and ammonia production assets by 2030.
The company’s mission is not only to provide clean energy solutions but also to make them financially feasible for large-scale industries.
By focusing on custom designs and integrating safety and reliability in its systems, Hygenco aims to ensure that the green hydrogen transition is not just a technical breakthrough but also an economically sustainable one.
