Zero Footprint Industries and Waaree Clean Energy Solutions (a Waree Energies subsidiary) have signed a 2.5 MW Electrolyser-As-A-Service (EAAS) agreement and a strategic MoU for 50 MW electrolyser supply to support ZFI’s green hydrogen expansion in Uttar Pradesh.
February 25, 2026. By Mrinmoy Dey
Zero Footprint Industries (ZFI) and Waaree Clean Energy Solutions, a wholly-owned subsidiary of Waaree Energies, have announced the signing of an Electrolyser As A Service (EAAS) agreement for 2.5 MW Alkaline Electrolyser for ZFI’s planned capacity addition for Green Hydrogen in Uttar Pradesh.
The two companies have also entered into a strategic MoU for the supply of 50 MW of electrolysers through the EAAS route for its multiple decentralised small green hydrogen projects across Northern India, noted a joint statement.
Under the terms of this innovative agreement, Waaree Clean Energy Solutions will design, engineer, supply, install, commission, own and operate a 2.5 MW alkaline electrolyser system to be manufactured at its Dungri plant in Gujarat and supply hydrogen and oxygen to ZFI for its expansion in UP under a long-term contract of 15 years.
This project aims to produce ~41 lac Nm3 of green hydrogen and ~20 lac Nm3 of green oxygen annually, primarily for ZFI’s existing customers across mentha oil, chemical, steel and pharma industries helping them with economical (cost neutral as the case may be) transition from existing grey hydrogen to green hydrogen, thereby contributing uniquely to India’s Net Zero movement, it said.
Anuj Sharma, CEO, Hydrogen Business at Waaree, said, “This EAAS agreement with ZFI represents an excellent opportunity for Waaree to demonstrate not only its advanced alkaline electrolyser technology but also its strong Operations and Maintenance capabilities/ skill sets, which is crucial to meet the rapidly growing demand for green hydrogen through a solution which is quick to implement in a decentralised manner, reliable and energy efficient to operate.”
Anurag Agarwal, Director at ZFI, said, “ZFI is committed to offering reliable, economical, sustainable green hydrogen solutions to its industrial clientele, helping their energy transition initiatives, thereby fostering a Net-Zero eventualities. This collaboration allows us to set up multiple decentralised green hydrogen plants having a cumulative capacity of ~10,000 m3/hr in the quickest possible manner, thereby contributing to the abatement of ~70,000 MT p.a. of carbon upon its successful commissioning, equivalent to planting ~400,000 trees.”
Shardul Kulkarni, MD and CEO, Deesha Power Solutions and also a Board Advisor to ZFI, who conceptualised, structured terms of reference, developed risk-sharing principles and facilitated execution of the EAAS agreement, said, “EAAS is a sign of maturing GH2 market not only in India but also across the globe. In a sense, it is a unique and win-win offering benefiting both the stakeholders, viz., getting a technically and financially responsible partner for green hydrogen developers and a steady state electrolyser pipeline resulting in predictable revenue for electrolyser manufacturers in the long run.”
The project has a timeline of just about 7 months, with delivery of the stack scheduled in the second quarter of FY 2026-27, and commercial operation expected by the third quarter of FY 2026-27.
The project is supported by Uttar Pradesh New & Renewable Development Agency (UPNEDA) under its Green Hydrogen Policy 2024 and aligns with 5 MMTPA GH2 production target as envisaged under India’s National Green Hydrogen Mission.
