A New Inflection Point in India’s Energy Transition
India’s energy landscape is at a turning point. With the National Green Hydrogen Mission, multi-billion-rupee state incentives, and rising global demand from Europe and Asia, Green hydrogen is fast emerging as the most scalable pathway to decarbonize hard-to-abate sectors such as steel, fertilizers, refining, and shipping.
The momentum is undeniable: hydrogen is positioned to drive the next big industrial revolution in India’s clean energy story.
GH2 Solar: Backed by Prominent Investors
In a significant milestone, GH2 Solar Ltd. has successfully raised ₹59 crore through a private placement, issuing 6.32 lakh equity shares at ₹932.36 per share.
The funding round saw participation from:
- Dr. Faruk Patel, Founder & Chairman of KP Group, one of India’s leading renewable energy entrepreneurs
- Aarth AIF
- GrowMo360 Meridian Fund
- Several family offices and high-net-worth individuals (HNIs)
This infusion of capital demonstrates strong investor confidence in GH2 Solar’s integrated green hydrogen and electrolyzer strategy
Why Investors Are Betting on GH2 Solar
- First-Mover Advantage– One of the few Indian companies to secure PLI incentives for both electrolyzer manufacturing and hydrogen production.
- Integrated Value Chain– Covering manufacturing, EPC, hydrogen production, and O&M, GH2 Solar captures margins across the entire lifecycle.
- Strategic Diversification– Expansion into green ammonia and Battery Energy Storage Systems (BESS) strengthens its long-term renewable energy play.
The Big Picture: India’s Green Hydrogen Opportunity
India has set an ambitious target of producing 5 million tonnes of green hydrogen annually by 2030. As production costs are projected to fall from $4–5/kg today to $1–1.5/kg, the opportunity could unlock an industrial transformation across multiple sectors.
Early movers like GH2 Solar stand to benefit the most, not just as participants, but as leaders in shaping the global supply chain for hydrogen and its derivatives.