logologo
Search anything
Ctrl+K
arrow
WhatsApp Icon

Waaree Energies wins 52.5 MW green hydrogen deals in India

WAAREE

Waaree Technologies Ltd

WAAREE

Ask AI

Ask AI

What Waaree announced

Waaree Energies said its wholly owned subsidiary, Waaree Clean Energy Solutions Pvt Ltd (WCES), has secured fresh green hydrogen orders and agreements across Karnataka and Uttar Pradesh. The announcements cover both an on-site integrated green hydrogen project and an Electrolyser-as-a-Service (EAAS) contract model for decentralised supply. Together, the company described agreements totalling 52.5 MW, comprising a 2.5 MW project and an MoU for up to 50 MW of electrolysers.

The developments broaden Waaree’s footprint beyond solar manufacturing into hydrogen equipment, project execution, and long-term operations. Waaree also linked recent buying interest in its shares to a solar module supply order alongside the hydrogen expansion.

Tumkur project at TMEIC: integrated, multi-technology site

WCES said it has secured an order to develop a multi-technology green hydrogen project at the facility of TMEIC Industrial Systems India Pvt Ltd in Tumkur, Karnataka. The company described the project as an integrated “green hydrogen ecosystem” covering production, storage, and utilisation within a single site.

According to Waaree, the system will use both PEM (Polymer Electrolyte Membrane) and alkaline electrolysers. The hybrid configuration is intended to enable flexible operations, supported by centralized automation. WCES said the scope includes hydrogen compression, storage, and a high-pressure refuelling station.

Hydrogen-to-mobility element: refuelling and EV charging

A key feature highlighted in Waaree’s statement is an EV charging unit powered by hydrogen fuel cells, positioned as a demonstration of combined hydrogen and electric mobility applications. Along with the high-pressure refuelling station, the configuration indicates a site-level link between hydrogen generation and end-use applications.

Waaree did not disclose the project capacity for the Tumkur installation in the information provided. It also did not disclose timelines, project value, or expected hydrogen output for the TMEIC facility.

End-to-end execution and five-year O&M commitment

WCES said it will handle end-to-end execution for the Tumkur project, including engineering, procurement, commissioning, and five years of operations and maintenance. This structure indicates Waaree is positioning itself not only as an equipment supplier but also as an EPC and long-term service operator.

Anuj Sharma, CEO of WCES, said the project reflects the company’s focus on “scalable” and “future-ready” green hydrogen solutions and India’s clean energy transition.

EAAS agreement with Zero Footprint Industries for 2.5 MW

Separately, Waaree Energies said WCES has signed an EAAS agreement with Zero Footprint Industries (ZFI) for a 2.5 MW electrolyser project in Uttar Pradesh. Under the 15-year agreement, WCES will design, engineer, supply, install, commission, own, and operate a 2.5 MW alkaline electrolyser system.

Waaree said the equipment will be manufactured at its facility in Dungri, Gujarat. The gases produced will be supplied under a long-term contract, aimed at supporting ZFI’s expansion of green hydrogen projects in the state.

Output targets and customer sectors for ZFI supply

For the Uttar Pradesh project, Waaree said the system is expected to produce about 4.1 million normal cubic metres (Nm³) of green hydrogen and nearly 2.0 million Nm³ of green oxygen annually. The company added that the output will mainly serve ZFI’s existing customers in mentha oil, chemicals, steel, and pharmaceuticals.

Waaree framed the supply as enabling customers to shift from grey hydrogen to greener alternatives where viable. The company also stated that the implementation plan for the initial project is around seven months.

Delivery and commissioning timeline: Q2 FY27 stack, Q3 FY27 operations

Waaree said the electrolyser stack is scheduled for delivery in the second quarter of FY27. Commercial operations are expected to begin in the third quarter of the same financial year.

In a separate detail included in the provided information, ZFI’s existing merchant green hydrogen plant in Uttar Pradesh was referenced with a capacity of 250 m3/hr, providing an operational base for expansion.

MoU for up to 50 MW electrolysers across North India

Alongside the 2.5 MW EAAS contract, Waaree and ZFI signed a strategic memorandum of understanding to supply up to 50 MW of electrolysers under the EAAS model. Waaree said this is intended for decentralised small green hydrogen projects across northern India.

The combined 2.5 MW contract and 50 MW MoU were described as a comprehensive set of agreements supporting green hydrogen deployment in the region.

Other linked triggers: 500 MW solar module order and manufacturing scale-up

Waaree Energies also cited a one-time solar module supply contract of 500 MW, to be supplied in FY2027. In manufacturing, Waaree Group has begun building an alkaline electrolyser plant in Valsad, Gujarat, with an initial capacity of 300 MW in Phase I.

Separately, WCES received a Notification of Award from Solar Energy Corporation of India (SECI) on January 30, 2025, for setting up a green hydrogen production facility of 90,000 metric tons per year in India, under the SIGHT scheme (Model-1, Tranche-II). The information provided also referenced Uttar Pradesh New & Renewable Development Agency (UPNEDA) support under its Green Hydrogen Policy 2024.

Key facts at a glance

ItemDetails (as disclosed)
Tumkur project customer/siteTMEIC Industrial Systems India Pvt Ltd, Tumkur, Karnataka
Tumkur technologyHybrid system using PEM and alkaline electrolysers
Tumkur scopeProduction, compression, storage, high-pressure refuelling, hydrogen fuel-cell powered EV charging
Tumkur executionEngineering, procurement, commissioning, and 5 years O&M by WCES
UP project model2.5 MW alkaline electrolyser under 15-year EAAS
Manufacturing siteDungri, Gujarat
Expected annual output~4.1 million Nm³ green hydrogen and ~2.0 million Nm³ green oxygen

Timeline and contracted capacities

Milestone / agreementCapacityTiming / tenure
EAAS agreement with ZFI (Uttar Pradesh)2.5 MW15-year contract
Electrolyser stack delivery (ZFI project)2.5 MWQ2 FY27
Commercial operations start (ZFI project)2.5 MWQ3 FY27
MoU with ZFI for decentralised projectsUp to 50 MWAcross northern India
Solar module supply (one-time order)500 MWFY2027

Why these announcements matter

The Tumkur order and the Uttar Pradesh EAAS agreement show Waaree expanding into multiple parts of the green hydrogen value chain, including equipment selection, project execution, and long-term operation. The hybrid electrolyser approach at the TMEIC site suggests Waaree is working with multi-technology configurations where operational flexibility is a stated goal.

The EAAS model for ZFI shifts the arrangement from a straight equipment sale to a long-duration service structure where WCES retains ownership and operational responsibility. With disclosed hydrogen and oxygen output targets and a defined delivery-to-operations timeline, the 2.5 MW project provides a measurable near-term execution marker, while the 50 MW MoU signals an intent to scale decentralised deployments across northern India.

Conclusion

Waaree Energies, through WCES, has announced a Tumkur-based integrated green hydrogen project for TMEIC and a 15-year EAAS agreement for a 2.5 MW alkaline electrolyser with Zero Footprint Industries, alongside an MoU for up to 50 MW more. The next stated milestones are the electrolyser stack delivery in Q2 FY27 and expected commercial operations in Q3 FY27 for the Uttar Pradesh project.

Frequently Asked Questions

WCES secured an order to develop a multi-technology green hydrogen project at TMEIC Industrial Systems India’s facility in Tumkur, covering production, storage, and utilisation on one site.
Waaree said it will deploy a hybrid system using both PEM (Polymer Electrolyte Membrane) and alkaline electrolysers, with centralized automation.
Under a 15-year Electrolyser-as-a-Service deal, WCES will design, supply, install, commission, own, and operate a 2.5 MW alkaline electrolyser system in Uttar Pradesh for ZFI.
Waaree projected about 4.1 million Nm³ of green hydrogen and around 2.0 million Nm³ of green oxygen annually.
Waaree said the electrolyser stack delivery is scheduled for Q2 FY27, with commercial operations expected to begin in Q3 FY27.

Did your stocks survive the war?

See what broke. See what stood.

Live Q4 Earnings Tracker