About Greenzo Energy Unlisted Shares

Greenzo Energy India Limited (GEIL), as per its annual filings, is engaged in the business of trading, manufacturing and assembly, export and import of engineering equipment to generate the hydrogen and its balance of the plant like compressor, motor, dryers, safety valves and its storage tanks, flow control meter, censers, controller, control panel, rectifier, pumps, transformer, steel tube, circulation tank, KOH pumps, HVAC system, hydrogen turbines and fuel cell system, hydrogen fueling stations and oxygen correction plant, nitrogen and ammonia generation plant, manufacture of solar structures, pump and generator assembly plant and other engineering goods also supply of fuel cell vehicles.

Overview of Greenzo Energy Unlisted Shares

Snapshot

Greenzo Energy, founded in 2020 and based in New Delhi, India, specializes in green hydrogen production and renewable energy solutions. The company manufactures electrolyzers and offers integrated green hydrogen generation solutions, focusing on harnessing hydrogen’s potential to address climate change and the urgent need for clean energy. Greenzo Energy also develops technology to produce blue hydrogen from bio- and natural gas while capturing CO₂, aiming for cost-effective and cleaner operations. Their goal is to make hydrogen production profitable, providing sustainable, zero-emission energy solutions with a competitive edge

Timeline

2020: GreenZo commenced its journey by offering consultancy services for hydropower projects.

2021: GreenZo achieved a significant milestone by commissioning Nepal’s first solar project with a capacity of 12.25 MW.

2022: GreenZo expanded its portfolio by installing various solar projects and providing consultancy services for renewable energy projects exceeding 200 MW.

2022: GreenZo diversified its technological capabilities by starting up an electrolyser manufacturing plant.

2023: GreenZo embarked on green hydrogen projects, leveraging its expertise in hydrogen production.

Services

1. Manufacturing of Electrolyzers and its BOP

· Produces electrolyzers that split water into hydrogen and oxygen, crucial for green hydrogen production.

· Manufactures all the necessary components and systems that support electrolyzers, ensuring efficient and reliable operation.

· Utilizes cutting-edge technology to enhance efficiency and reduce costs in hydrogen production.

· Offers tailored solutions to meet specific industrial needs and applications.

2. Consultancy in Renewable Energy

· Provides expert consultancy services to help businesses and organizations transition to renewable energy sources.

· Conducts detailed feasibility studies to assess the viability and potential benefits of renewable energy projects.

· Offers guidance on navigating regulatory requirements and securing necessary permits for renewable energy projects.

· Helps in planning and implementing sustainable practices to reduce carbon footprints and enhance energy efficiency.

3. EPC of Solar & Green Hydrogen and Ammonia Projects

· Delivers Engineering, Procurement, and Construction (EPC) services for solar power, green hydrogen, and ammonia projects.

· Manages all aspects of the project lifecycle, from initial design to final commissioning.

· Ensures high standards of quality and safety throughout the project execution.

· Focuses on optimizing costs while maintaining project timelines and delivering high-performance results.

4. Providing Energy Solutions through Fuel Cell Technology

· Develops and integrates fuel cell technology for various applications, providing clean and efficient energy solutions.

· Designs customized energy systems based on fuel cell technology to meet specific energy needs.

· Offers solutions that significantly reduce greenhouse gas emissions and environmental impact.

· Utilizes fuel cell technology in innovative ways, including stationary power generation and mobile applications.

· Corporate restructuring

Customers

Future Prospects

1. Greenzo has recently launched a 1-MW green hydrogen alkaline electrolyser, the first of its kind in India, made indigenously. It does not use any components imported from landlocked countries, making it an absolutely self reliant solution for the country’s energy needs. It also upholds our goal of achieving zero net emissions.

2. Greenzo Energy has secured a $6 million order to set up a 2.5 MW green hydrogen project integrated with solar and water treatment plants for a steel producer in Karnataka. The project, tailored for the steel plant in Hospet, includes commissioning a 2.5 MW alkaline electrolyzer and advanced water purification to reduce the steel production carbon footprint, emphasizing Greenzo's commitment to sustainability and innovation.

Industry Overview

1. The electrolyser market in India is expected to grow from 20 billion in 2030 to 226 billion in 2050, at a CAGR of 11.86%

2. India’s hydrogen demand is projected to rise from 6 million tonnes in 2020 to 30 million tonnes by 2050, growing at a CAGR of 5.51%.

3. The share of Green Hydrogen in India's total hydrogen production is expected to be in the double digits by FY2030, with the market valued at USD 8 billion and projected to reach USD 340 billion by 2050, reflecting a CAGR of 20.61%.

4. Rising awareness of global warming and carbon emissions has driven the green hydrogen market’s growth, positioning India as a significant player following China and the US.

5. Despite its potential, the market faces challenges such as high production, conversion, storage, and transportation costs.