Government allocates Rs 44.4 billion for electrolyser production under SIGHT II

The Ministry of New and Renewable Energy (MNRE) has allocated Rs 44.4 billion to encourage the production of electrolysers, aiming to lower expenses for hydrogen generation under the National Green Hydrogen Mission (NGHM). The incentives aimed at boosting domestic manufacturing, as part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, component I (incentive scheme for electrolyser manufacturing tranche II), will be effective from the fiscal year 2025-26 to 2029-30. The programme’s objective is to enhance the global competitiveness of domestically produced electrolysers by improving their performance and quality, as well as expanding their supply chains. It also aims to provide assistance to both established and emerging electrolyser technologies. The incentive initiative will be executed by the Solar Energy Corporation of India as the nodal agency.