Zero Footprint Industries Ltd (ZFI) and Waaree Clean Energy Solutions—a subsidiary of Waaree Energies Limited—have signed an Electrolyzer as a Service (EAAS) agreement to deploy a 2.5 MW Alkaline Electrolyzer for ZFI’s upcoming green hydrogen facility in Uttar Pradesh.
The partners also entered into a Strategic MoU to supply an additional 50 MW of electrolyzers via the EAAS model. This partnership targets multiple decentralised, small-scale green hydrogen projects across Northern India, representing a major push for the regional green hydrogen economy.
Under the terms of this innovative agreement, Waaree Clean Energy Solutions Private Limited will design, engineer, supply, install, commission, own & operate a 2.5 MW alkaline electrolyzersystem to be manufactured at its Dungri plant in Gujarat and supply hydrogen and oxygen to ZFI for its expansion in U.P. 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.
“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 & 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 eƯicient to operate, ” said Anuj Sharma, CEO, Hydrogen business at Waaree.
“ZFI is committed to oƯer 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 cumulative capacity of ~10,000 m3/hr in a quickest possible manner thereby contributing abetment of ~70,000 MT p.a. of carbon upon its successful commissioning, equivalent to planting ~400,000 trees” said Mr Anurag Agarwal, Director at ZFI.
“EAAS is a sign of maturing GH2 market not only in India but also across globe. In a sense, it is a unique and win-win oƯering benefiting both the stakeholders viz getting technically & financially responsible partner for green hydrogen developers and steady state electrolyzer pipeline resulting into predictable revenue for electrolyzer manufacturers in long run” said Shardul Kulkarni, MD & 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 novel EAAS agreement.
