Renewable energy firm Oriana Power Ltd announced plans to construct a gigawatt-scale factory for producing alkaline electrolysers and Balance of Plant (BOP) modules. The factory, set to be developed in two phases, will have an initial 500 megawatt (MW) capacity for electrolyser production, with operations expected to commence in 2026. The facility will be built in collaboration with Splitwaters, a US-based provider of alkaline electrolyser and BOP equipment. Oriana Power aims to leverage this partnership to advance its green hydrogen and e-fuels projects, including green ammonia, e-methanol, and green methanol. The company has not yet disclosed the investment details for the project. The collaboration with Splitwaters will provide Oriana Power access to cutting-edge electrolysis technology, enhancing its ability to produce hydrogen from renewable energy sources. The BOP systems will manage essential functions such as water supply, gas separation, and purification. Anirudh Saraswat, Chief Business Officer, Oriana Power, highlighted the advantages of the partnership: "The green hydrogen market faces challenges like high initial costs and long execution times, but Splitwaters? modular technology and one-stop-shop model effectively address these issues. Our collaboration will enable us to produce clean energy carriers at scale and at a cost up to 30% lower than competing methods." In addition to this initiative, Oriana Power is also pursuing green hydrogen and e-fuel projects in the UK and Europe with Splitwaters. Saraswat anticipates that the new business will start contributing to the company?s revenues by the next financial year and become a significant revenue stream by FY2027. (ET)
