Advait Greenergy

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.

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

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

• Green hydrogen EPC
• Alkaline electrolyser manufacturing
• Solar EPC services
• Battery energy storage systems
• PEM fuel cell solutions

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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.
3. Project Development: End-to-end green hydrogen project development including design, installation, and commissioning. Revenue from project delivery contracts and consultancy services.
4. BESS Manufacturing: Manufacturing of battery energy storage systems (5 GWh facility planned). Revenue from sale of battery packs and integrated storage solutions.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core 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

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core, minor and strategic.

• Deep Industries LimitedcoreStrategic or Co-development Partner · 13 March 2026MoU 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)coreTechnology or Integration · 6 February 2026MoU 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 ProjectsminorImplementation/ SI/ Consulting Partner · 6 February 2026India-based partner for project execution support in partnership with Power to Hydrogen Inc. for AEM electrolyser market access and deployment in India.
• VJ IndustriescoreTechnology or Integration · 6 February 2026MoU with VJ Industries for hydrogen storage solutions to develop green hydrogen projects, focusing on hydrogen storage infrastructure and implementation across India.
• CENMAT (Switzerland)coreTechnology or Integration · 5 February 2026MoU 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)coreTechnology or IntegrationStrategic 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.
• AVLcoreTechnology or IntegrationStrategic 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 or IntegrationTechnology 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) LimitedcoreStrategic or Co-development PartnerMoU 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)strategicStrategic or Co-development PartnerPartnership 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 or Co-development PartnerStrategic 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 AfricastrategicChannel Partner/ Reseller/ DistributorPartnership 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

Broad 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

• Xx.com/AdvaitEnergyLtd
• Facebookfacebook.com/advaitinfraltd
• LinkedInlinkedin.com/company/advait-greenergy
• Instagraminstagram.com/advait.greenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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 Advait Greenergy