Advait Greenergy
Advait Greenergy is an Indian clean energy EPC and equipment manufacturer specializing in alkaline electrolysers, PEM/AEM fuel cells, battery energy storage systems, and solar EPC, serving government PSUs and large renewable energy developers across India and Africa.
- Company typePrivate
- Founded2023
- HeadquartersAhmedabad, India
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Advait Greenergy does
Advait Greenergy Private Limited (AGPL) is an Indian clean energy infrastructure company incorporated in 2023 as a wholly-owned subsidiary of publicly-listed Advait Energy Transitions Limited (NSE: ADVAIT). Headquartered in Ahmedabad, Gujarat, AGPL operates across four business segments: Green Hydrogen (alkaline electrolysers, PEM/AEM technology, fuel cells), Solar EPC (ground-mounted solar project execution), Battery Energy Storage Systems (BESS), and Fuel Cell systems. The company provides end-to-end capabilities spanning in-house manufacturing, engineering, EPC execution, and project development consultancy, supported by technology partnerships with global OEMs including Guofuhee (alkaline electrolyser technology transfer), CENMAT (PEM/AEM), TECO2030 (PEM fuel cells), and AVL (fuel cell development).
The company's underlying technology stack centers on alkaline water electrolysis with proprietary design features in electrode architecture, diaphragm materials, bipolar plate sealing, and gas-liquid flow dynamics. AGPL is scaling a three-phase electrolyser manufacturing roadmap from 30 MW (commissioned March 2026 in Mehsana, Gujarat) to 100 MW in Phase II and 300 MW as a fully automated integrated complex, with a long-term 1 GW vision by FY 2028-29. A 5 GWh BESS manufacturing facility is also planned. AGPL has secured SECI PLI approval under the SIGHT Scheme and an INR 1,400 crore investment commitment from the Government of Gujarat.
Revenue is generated through three primary streams: fixed-price EPC services for government PSUs and large renewable energy developers (one-time contract revenue), hardware sales of electrolysers, fuel cell stacks, and battery storage systems, and professional services including project management consultancy for green hydrogen and green ammonia projects. Go-to-market is enterprise field sales targeting central and state government PSUs (NTPC, SECI, IOC, HPCL, BPCL, GAIL, GUVNL, PGCIL) and large renewable developers (Adani Green Energy, Coal India, KPI Green Energy) via competitive bidding and direct negotiations. Customer wins include the 67.5 MWp KPI Green solar EPC (INR 129.39 crore), the PGCIL ERS package (INR 87.29 crore), GUVNL BESS projects (50 MW/100 MWh and 150 MW/300 MWh), the THDCIL green hydrogen microgrid, and the Haryana Gas Distribution 2000 MTPA hydrogen plant. The company is expanding into African markets via CleanTech Business Club, Go For Hydrogen Africa, and Cleanvestree Africa partnerships covering 17 African countries.
Advait Greenergy firmographics
Firmographics- Name
- Advait Greenergy
- Legal name
- Advait Greenergy Private Limited
- Website
- https://advaitgreenergy.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Advait Greenergy is an Indian clean energy EPC and equipment manufacturer specializing in alkaline electrolysers, PEM/AEM fuel cells, battery energy storage systems, and solar EPC, serving government PSUs and large renewable energy developers across India and Africa.
- Ownership category
- akta.pro rank
Advait Greenergy industry classification
Industry- Product category
- Clean Energy EPC Services
- NAICS
- Electric Power Generation (22111)
- akta.pro primary industry
- Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)
- akta.pro secondary industries
- Commercial & Industrial (C&I) BESS EPC & Integration (EUAEAEAB), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)
Keywords
Where Advait Greenergy is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Advait Greenergy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- EPC Services: Engineering, Procurement, Construction and Commissioning services for solar projects, green hydrogen projects, and BESS installations. Revenue generated through fixed-price EPC contracts with government bodies, PSUs, and private developers.
- Electrolyser Manufacturing: Manufacturing and assembly of alkaline electrolysers (currently 30 MW capacity, scaling to 300 MW) and PEM fuel cell stacks. Revenue from sale of equipment to project developers and industrial clients.
- Project Development: End-to-end green hydrogen project development including design, installation, and commissioning. Revenue from project delivery contracts and consultancy services.
- BESS Manufacturing: Manufacturing of battery energy storage systems (5 GWh facility planned). Revenue from sale of battery packs and integrated storage solutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B project-based pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Advait Greenergy product offering
Product offeringCore offering
Advait Greenergy Private Limited (AGPL) is the clean energy arm of the Advait Group, delivering integrated solutions across Green Hydrogen, Fuel Cells, Solar EPC, and Battery Energy Storage Systems (BESS). It manufactures alkaline electrolysers and battery storage systems, and executes turnkey engineering, procurement, construction, and commissioning (EPC) projects for government PSUs and large industrial clients in India. The company also provides Project Management Consultancy (PMC) for green hydrogen and green ammonia projects through its sub-brand Advait Hydrogen Engineering Services.
Differentiator
Problem solved
Functional benefit
Brands
- Advait Hydrogen Engineering Services: Project Management Consultancy (PMC) services for Green Hydrogen and Green Ammonia projects, covering full project lifecycle from structuring to commissioning.
Products and services
- Green Hydrogen EPC Solutions
- Solar EPC Services
Quantifiable outcome
- 30 MW electrolyser facility commissioned March 2026
- +3 more outcomes
Companies that use Advait Greenergy
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Advait Greenergy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Advait Greenergy partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, minor and strategic.
- Deep Industries LimitedcoreMoU with Deep Industries Limited to jointly pursue green hydrogen project opportunities. Enables both companies to bid for and execute hydrogen projects tendered by government organisations, PSUs, and private entities in India and abroad. Targets PSUs including NTPC, SECL, IOC, HPCL, BPCL, and GAIL.
- Power to Hydrogen Inc. (P2H2)coreMoU with US-based Power to Hydrogen Inc. (P2H2) for AEM electrolyser technology development and deployment in India. Partnership includes market access support from India-based JESCO Projects.
- JESCO ProjectsminorIndia-based partner for project execution support in partnership with Power to Hydrogen Inc. for AEM electrolyser market access and deployment in India.
- VJ IndustriescoreMoU with VJ Industries for hydrogen storage solutions to develop green hydrogen projects, focusing on hydrogen storage infrastructure and implementation across India.
- CENMAT (Switzerland)coreMoU with CENMAT to collaborate on deployment of PEM and AEM electrolyser technologies for green hydrogen and clean energy projects in India. Combines CENMAT's electrolyser technology, system design, and OEM capabilities with AGPL's EPC execution and project delivery experience. MoU exchanged at India Energy Week 2026 in Goa.
- TECO2030 Fuel Cell Technology AS (Norway)coreStrategic partnership with TECO2030 for manufacturing, assembly, and deployment of hydrogen PEM fuel cell technologies in India and SAARC region. Combines TECO2030's advanced fuel cell technology platform with Advait's market access, manufacturing capabilities, and execution expertise.
- AVLcoreStrategic development partnership with AVL for fuel cell system development including simulation, validation, and testing. AVL's global engineering expertise complements AGPL's execution and manufacturing capabilities for high-performance fuel cell systems.
- GuofuheecoreTechnology transfer (ToT) executed with Guofuhee for alkaline electrolyser design and manufacturing technology. Joint collaboration for process setup, training and quality assurance. Strategic partnership enabling 'Make in India' electrolyser manufacturing for domestic and export markets.
- Haryana Gas Distribution (Bhiwadi) LimitedcoreMoU for supply, installation, and execution of turnkey projects for Green Hydrogen/Green Ammonia and Carbon credits consultancy services. Advait will provide services for 2000 MTPA Hydrogen plant to Haryana Gas.
- CleanTech Business Club (CBC)strategicPartnership with CBC to establish the CBC Carbon Exchange Hub and advance power transmission, renewable hydrogen, and carbon market integration globally. Advait to host global headquarters in Ahmedabad. Shalin Sheth as Chair and Avantika Gupta as Co-Chair of the hub.
- Go For Hydrogen Africa (GFHA)strategicStrategic partnership with GFHA for CleanTech, clean hydrogen, and clean water transformation in Morocco and across Africa. Integration of power transmission solutions and carbon trade markets into Africa's economic growth strategy.
- Cleanvestree AfricastrategicPartnership with Cleanvestree Africa for market expansion across 17 African countries. Cleanvestree Africa to represent Advait ensuring regional market penetration and business expansion in Africa.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
Advait Greenergy competitors and assessment
Company assessmentBroad incumbents
- Reliance New Energy / Reliance Industries: Diversified conglomerate with massive announced investment in giga-scale electrolyser and renewable-integrated hydrogen manufacturing; competes with AGPL for talent, partners (including CENMAT-class technology firms), and PSU hydrogen offtake.
- Tata Power Solar Systems: Established utility-scale solar EPC player expanding into BESS and emerging hydrogen initiatives. Overlaps with AGPL on solar EPC and BESS integration bids, and competes for the same PSU customer wallet.
- Adani New Industries / Adani Green Energy: Vertically integrated renewable developer pursuing green hydrogen, electrolyser manufacturing, and BESS at scale. Comparable as both a customer (Adani Green EPC client for AGPL) and a competitor across hydrogen, solar EPC, and storage tenders.
Direct peers
- Ohmium International: PEM electrolyser manufacturer with India manufacturing footprint, competing in the same SECI SIGHT PLI cohort as AGPL and pursuing similar industrial and refinery offtakers for green hydrogen.
- Jakson Group: Indian EPC and power solutions provider with solar EPC, BESS, and emerging hydrogen interests. Directly comparable on government-tender-driven EPC business model and integrated clean energy execution.
- ACME Group: One of India's largest independent green hydrogen developers with active bids for SECI and PSU hydrogen tenders. Directly comparable to AGPL on electrolyser manufacturing and green hydrogen EPC targets under the National Green Hydrogen Mission.
- KPI Green Energy: Solar IPP and EPC developer that is also a customer of AGPL (Rs 129.39 crore solar EPC order). Comparable on solar EPC execution against Gujarat-based renewable developers and competes for similar ground-mounted solar tenders.
- Sterling and Wilson Renewable Energy: Large-scale solar EPC contractor expanding into BESS and hybrid projects. Overlaps with AGPL on utility-scale solar EPC execution, particularly for government and developer customers in India and emerging markets.
- Waaree Energies: India's largest solar module manufacturer with active solar EPC and growing BESS exposure. Comparable on solar EPC bidding against AGPL for projects like KPI Green and Adani Green packages.
Emerging players
- GreenH2 Systems: Indian electrolyser manufacturer with on-site hydrogen generation focus. Comparable to AGPL on alkaline/PEM stack manufacturing ambitions and Indian market go-to-market, though smaller in scale and project pipeline.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Advait Greenergy social profiles
Digital presenceAdvait Greenergy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Advait Greenergy leadership team
Management profileNumber of profiles
Profiles9 records
Advait Greenergy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Advait Greenergy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Advait Greenergy
What does Advait Greenergy do?
Advait Greenergy Private Limited (AGPL) is the clean energy arm of the Advait Group, delivering integrated solutions across Green Hydrogen, Fuel Cells, Solar EPC, and Battery Energy Storage Systems (BESS). It manufactures alkaline electrolysers and battery storage systems, and executes turnkey engineering, procurement, construction, and commissioning (EPC) projects for government PSUs and large industrial clients in India. The company also provides Project Management Consultancy (PMC) for green hydrogen and green ammonia projects through its sub-brand Advait Hydrogen Engineering Services.
Is Advait Greenergy a public or private company?
Advait Greenergy is a private company. It is classified as corporate owned and is currently operating.
When was Advait Greenergy founded?
Advait Greenergy was founded in 2023. It employs 51 to 100 people.
Where is Advait Greenergy based?
Advait Greenergy is headquartered in Ahmedabad, India, in the Asia region.
How does Advait Greenergy make money?
Four revenue lines are on record. EPC Services are the primary driver. The others are electrolyser Manufacturing, project Development and BESS Manufacturing.
Who are Advait Greenergy's main competitors?
Broad incumbents on record are Reliance New Energy / Reliance Industries, Tata Power Solar Systems and Adani New Industries / Adani Green Energy. Direct peers are Ohmium International, Jakson Group, ACME Group, KPI Green Energy, Sterling and Wilson Renewable Energy and Waaree Energies. GreenH2 Systems is listed as an emerging player.
Does Advait Greenergy have an API?
No public API is recorded for Advait Greenergy.
What industry is Advait Greenergy in?
Advait Greenergy's product category is Clean Energy EPC Services. Its primary akta.pro industry code is EUACAGAB, Utility-Scale PV EPC (Engineering, Procurement & Construction), with a secondary code of EUAEAEAB, Commercial & Industrial (C&I) BESS EPC & Integration. Its NAICS code is 22111.