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Greenzo Energy and Lord's Mark Industries have partnered to develop around 60 MW of green hydrogen capacity and solar rooftop projects with battery storage across Uttar Pradesh, including Gorakhpur, Aligarh, Jhansi, and Lucknow. Greenzo Energy will manage technology and EPC aspects, while Lord's Mark will oversee project financing, regulatory approvals, and development. The initiative builds on Lord's Mark's prior MoU with the state government, representing an investment of over INR 2,000 crore. The five-year agreement is aimed at supporting Uttar Pradesh's renewable energy growth and contributing to India's decarbonization goals.
Greenzo Energy has entered into an agreement with Lord's Mark Industries to jointly develop clean energy initiatives across Uttar Pradesh, including a green hydrogen capacity of 60 MW. Under the partnership, Greenzo Energy will act as the technology and EPC partner, handling engineering, procurement, construction, and commissioning, while Lord's Mark Industries will focus on project development and investment, managing financing, regulatory approvals, and commercial structuring. Advertisement
The collaboration targets around 60 MW of green hydrogen capacity and integrated solar rooftop projects paired with battery energy storage systems in key locations such as Gorakhpur, Aligarh, Jhansi, and Lucknow. This move follows Lord's Mark Industries earlier MoU with the Uttar Pradesh government for renewable energy projects, which involves an estimated investment exceeding INR 2,000 crore.
Greenzo Energy's India Managing Director, Sandeep Agarwal, highlighted that combining the company's indigenous hydrogen technology and EPC expertise with Lord's Mark's project development strength is expected to support the state's renewable energy goals and contribute to India's broader clean energy and decarbonization objectives. Lord's Mark Industries Managing Director, Sachidanand Upadhyay, noted that the partnership merges solid development experience with proven hydrogen technology capabilities.
The MoU is valid for five years and sets a structured framework for joint participation in upcoming green hydrogen and renewable energy projects across Uttar Pradesh.
Source PTI
FAQ
1. What is the scope of the Greenzo Lord's Mark partnership in Uttar Pradesh?
The partnership aims to develop around 60 MW of green hydrogen capacity along with integrated solar rooftop projects paired with battery energy storage systems. Key locations include Gorakhpur, Aligarh, Jhansi, and Lucknow. The initiative is part of broader efforts to strengthen renewable energy infrastructure in the state and support India's decarbonization objectives.
2. What are the respective roles of Greenzo Energy and Lord's Mark Industries?
Greenzo Energy will manage the technology and EPC (engineering, procurement, and construction) aspects, including commissioning and operational readiness. Lord's Mark Industries will focus on project development, financing, regulatory approvals, and commercial structuring, leveraging its prior experience in renewable energy projects in Uttar Pradesh.
3. How much investment is involved in the project?
The initiative builds on Lord's Mark's earlier MoU with the Uttar Pradesh government and represents an investment exceeding INR 2,000 crore. This funding will cover green hydrogen infrastructure, solar rooftop installations, and associated battery storage systems across the selected locations.
4. What is the expected timeline for this collaboration?
The memorandum of understanding (MoU) is valid for five years. During this period, the companies plan to jointly develop, implement, and commission multiple renewable energy projects across the state, providing a structured framework for long-term participation.
5. How does this partnership contribute to India's energy and climate goals?
By deploying 60 MW of green hydrogen and renewable energy projects, the initiative supports Uttar Pradesh's renewable energy growth and helps reduce carbon emissions. It aligns with India's national decarbonization targets, promoting cleaner fuels, sustainable power generation, and advanced energy storage solutions.
6. What expertise do the partners bring to the collaboration?
Greenzo Energy brings indigenous hydrogen technology and EPC capabilities, ensuring technical efficiency and operational reliability. Lord's Mark Industries contributes project financing, development experience, and regulatory know-how, allowing smooth implementation and commercial viability. Together, the partnership combines technology and investment strength for large-scale green energy projects.
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