Greenzo Energy

What Greenzo Energy does

Greenzo Energy India Limited is a private green hydrogen technology and EPC company founded in 2020 and headquartered in Connaught Place, India (sources note a 2024 founding date for the electrolyser product milestone, but the company has been active since at least 2022). The company manufactures alkaline electrolyser systems and delivers integrated green hydrogen generation solutions, including Balance of Plant (BOP) systems, for government port authorities and large industrial / renewable energy developers in India. Its operating footprint is anchored by a state-of-the-art electrolysis and BOP manufacturing facility at Sanand-II Industrial Estate, Gujarat, built with backing from Real Time Accelerator Fund and technical collaboration with UK-based engineering partners and IIT researchers.

The product and project portfolio covers the 1 MW alkaline electrolyser (India's first, launched March 2024), a 5 MW port-based green hydrogen plant at Deendayal Port in Kandla (~800 tonnes/year output, expandable to 10 MW) being delivered through the Oswal Greenzo Energies JV with Oswal Energies, and approximately 60 MW of green hydrogen capacity planned across Uttar Pradesh (Gorakhpur, Aligarh, Jhansi, Lucknow) under a five-year MoU with Lord's Mark Industries, bundled with solar rooftop and battery energy storage deployments.

Go-to-market is anchored on enterprise field sales and channel partnerships via competitive tendering and MoU-based joint development. Revenue is generated primarily through one-time EPC (Engineering, Procurement, Construction) contract fees for green hydrogen plant delivery and through professional services where Greenzo acts as technology and EPC partner within joint ventures, with collaborators such as Oswal Energies and Lord's Mark Industries handling financing, land, regulatory approvals, and project development. To date only $1M of disclosed equity funding has been raised (Real Time Accelerator Fund, December 2022), underscoring an early commercial stage despite a multi-hundred-million-dollar project pipeline.

Name

Greenzo Energy

Legal name

Greenzo Energy India Limited

Website

https://greenzoenergy.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

51–100 employees

Short description

Greenzo Energy India Limited manufactures alkaline electrolyser systems and delivers integrated green hydrogen generation and EPC solutions, including Balance of Plant and renewable-plus-storage bundles, for government port authorities and industrial renewable energy developers across India.

Ownership category

akta.pro rank

Product category

Green Hydrogen Electrolyzers

NAICS

Industrial Gas Manufacturing (32512), Electrical Equipment Manufacturing (3353)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

akta.pro secondary industries

Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF), Hybrid Renewable + Storage Plant Integration (Solar+Storage, Wind+Storage) (EUAEAEAE)

Keywords

• Alkaline electrolyser manufacturing
• Green hydrogen production
• EPC services
• Renewable energy infrastructure
• Hydrogen plant engineering

Headquarters

HQ city

Connaught Place

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. EPC Contracts for Green Hydrogen Plants: Greenzo Energy (through its JV Oswal Greenzo Energies) secures EPC (Engineering, Procurement, Construction) contracts to design, supply, install, test, and commission green hydrogen plants for government and enterprise clients. Revenue is generated as a one-time project fee for plant delivery.
2. Technology and EPC Partnering for Renewable Energy Projects: As technology and EPC partner in joint ventures with clean energy developers, Greenzo Energy provides engineering and construction services for renewable projects including green hydrogen, solar rooftop, and battery storage installations.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

Greenzo Energy manufactures domestically developed alkaline electrolyser systems (including a 1 MW unit, India's first) and delivers integrated green hydrogen generation plants for industrial and port applications. The company provides end-to-end Engineering, Procurement, Construction (EPC) services covering design, supply, installation, testing, and commissioning of multi-MW green hydrogen plants, with optional integration of solar rooftop and battery energy storage systems.

Product overview

Greenzo Energy India Limited operates as a green hydrogen and renewable energy technology company offering a portfolio of products and services. The core offerings include domestically developed alkaline electrolyser systems (from 1 MW to 5 MW capacity), green hydrogen manufacturing plants, and integrated renewable energy solutions combining solar rooftop and battery storage. The company provides EPC services for project development, serving as technology partner while collaborators handle financing and regulatory approvals. Key projects include India's first port-based green hydrogen plant at Deendayal Port, Kandla, and 60 MW green hydrogen capacity projects in Uttar Pradesh.

Differentiator

Problem solved

Functional benefit

Products and services

• 1 MW Alkaline Electrolyser India's first domestically developed 1 MW alkaline electrolyser system for green hydrogen production, designed for industrial and port-based hydrogen generation applications.
• 5 MW Port-Based Green Hydrogen Plant India's first port-based green hydrogen plant at Deendayal Port, Kandla, producing approximately 800 tonnes of green hydrogen annually, with provisions for expansion to 10 MW using shared infrastructure. Serves port operations, hydrogen-powered mobility solutions, and logistics decarbonisation.
• 60 MW Green Hydrogen Projects (Uttar Pradesh) Multi-site green hydrogen capacity development projects across Uttar Pradesh targeting approximately 60 MW of green hydrogen capacity, supported by integrated solar rooftop installations and battery energy storage systems.
• EPC Services for Green Hydrogen and Renewable Energy Projects

Quantifiable outcome

• Approximately 800 tonnes of green hydrogen produced annually from the 5 MW Deendayal Port plant
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Lord's Mark IndustriescoreStrategic or Co-development Partner · 17 February 2026Greenzo Energy and Lord's Mark Industries signed a five-year MoU to jointly develop clean energy projects across Uttar Pradesh, targeting approximately 60 MW of green hydrogen capacity supported by rooftop solar and battery storage. Greenzo Energy serves as technology and EPC partner while Lord's Mark Industries acts as developer and investor overseeing financing and regulatory approvals.
• Deendayal Port AuthorityflagshipOthers · 31 January 2026India awarded Greenzo Energy (via Oswal Greenzo Energies JV) a contract for the country's first port-based 5 MW Green Hydrogen Plant at Deendayal Port, Kandla, under India's Sagarmala Initiative for maritime decarbonisation. The plant will serve port operations and hydrogen mobility applications.
• Oswal EnergiescoreStrategic or Co-development Partner · 28 January 2026Oswal Greenzo Energies is a joint venture between Oswal Energies and Greenzo Energy India to develop India's first 5 MW port-based green hydrogen plant at Deendayal Port, Kandla. Greenzo Energy contributes technology and EPC expertise while Oswal Energies serves as project developer and investor.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• thyssenkrupp nucera: Large-scale alkaline electrolyser supplier targeting global green hydrogen projects including in India, competing with Greenzo for utility-scale hydrogen plant EPC.
• Cummins (Accelera by Cummins): Through its Accelera hydrogen business, Cummins manufactures alkaline (HyLYZER) and PEM electrolyser stacks globally, competing with Greenzo in large-scale hydrogen deployments.
• Plug Power: Global PEM electrolyser and fuel cell manufacturer with expansion plans into India; competes with Greenzo's stack technology in international and Indian hydrogen deployments.
• Nel ASA: Global alkaline and PEM electrolyser OEM exporting into India; competes with Greenzo's alkaline stacks on cost and performance in tendered hydrogen projects.
• Reliance New Energy (Reliance Industries): Indian conglomerate with announced multi-billion-dollar green hydrogen and electrolyser manufacturing roadmap; competes with Greenzo for large project offtake and government allocations.
• Adani New Industries (Adani Group): Large Indian conglomerate building multi-GW green hydrogen and electrolyser manufacturing capacity, competing with Greenzo for the same National Green Hydrogen Mission allocations and major project awards.

Regional players

• Greenstat Hydrogen India: Norway-based Greenstat's India operations develop and finance green hydrogen projects in partnership with Indian counterparts, overlapping with Greenzo's port-based and industrial hydrogen development focus.

Emerging players

• McPhy Energy: European alkaline and PEM electrolyser specialist targeting large-scale hydrogen projects; competes with Greenzo's alkaline offering in international and import-substitution scenarios in India.
• Larsen & Toubro (L&T Energy): Indian EPC major entering green hydrogen project execution and electrolyser manufacturing, overlapping with Greenzo's EPC + technology partner positioning for domestic projects.

Direct peers

• Ohmium International: India-headquartered PEM electrolyser manufacturer competing directly with Greenzo in the domestic green hydrogen equipment market and in government-backed hydrogen projects.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenzo Energy