Greenzo Energy India Limited

GreenZo Energy (GreenZo India) — Company Profile & Business Update A) Introduction of GreenZo India GreenZo has established itself as a significant player in the renewable energy sector, charting a remarkable journey marked by significant milestones. The company's evolution showcases its commitment to sustainable energy solutions and its expertise in harnessing various renewable energy sources. Company Journey: 2020 — Consultancy of Hydropower GreenZo commenced its journey by offering consultancy services for hydropower projects, laying the foundation for its expertise in renewable energy consultancy, focusing on harnessing water resources to generate clean energy. 2021 — Commissioning Nepal's First Solar Project GreenZo achieved a significant milestone by commissioning Nepal's first solar project with a capacity of 12.25 MW, demonstrating its capability to execute large-scale renewable energy projects. 2022 — Expansion in Solar Energy Consultancy GreenZo expanded its portfolio by installing various solar projects and providing consultancy services for renewable energy projects exceeding 200 MW. 2022 — Electrolyser Manufacturing Plant GreenZo diversified into an electrolyser manufacturing plant, highlighting its commitment to advancing hydrogen production technologies. 2023 — Green Hydrogen Projects GreenZo embarked on green hydrogen projects, leveraging its expertise in hydrogen production to contribute to the global shift towards green hydrogen. B) Services Offered by GreenZo India

1Manufacturing of Electrolyzers and its BOP Electrolysis is a promising option for carbon-free hydrogen production from renewable and nuclear resources — the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called an electrolyzer, ranging in size from small appliance-size equipment for distributed hydrogen production to large-scale central production facilities tied to renewable electricity. GreenZo is a technology company that promotes, develops, finances, designs, integrates, builds, operates and maintains hydrogen production systems based on water electrolysis, providing complete solutions for generation, compression, storage, commercialization, refilling stations and all other uses of green hydrogen. Manufacturing Facility — Sanand, Gujarat (Original Phase-1 plan): Location: Sanand Groundbreaking: 24 Oct Investment: ₹100 Cr Capacity: 250 MW Services Offered by GreenZo in Electrolyser: Proprietary technology for the development of PEM electrolyzers, aiming to be one of the few globally to hold MW stacks Not only manufacturing electrolyzers, but also providing solutions tailored to customers' needs Obtaining permits and licences for large projects and plants, as well as arranging finance and project finance Development of hydrogen production plants using electrolyzers up to several thousand kg/day Plant operation and maintenance, with local support for management Guaranteeing daily hydrogen production, in terms of quality and quantity Integration with renewable energy production plants, optimization of hydrogen compression/storage, incorporation of methanation equipment, etc.

2End-to-End Renewable Energy Services GreenZo provides end-to-end solar, wind, and hydropower energy services — including system design, procurement, and installation.

3Consultancy for Green Hydrogen & Ammonia Plants GreenZo provides comprehensive consultancy services covering demand-supply assessments for hydrogen and ammonia (state/country-level, including neighbouring regions), infrastructure evaluation for exports, and raw material assessment. Survey reports cover storage tanks, pipelines, distribution depots, port facilities, and export potential via desktop studies.

4Fuel Cell Technology Providing energy solutions through fuel cell technology. C) Projects Completed by GreenZo Energy (Historical) # Project Capacity 1 API Power Company Limited 4 MW AC / 4.8 MW DC 2 Eco Power Development Company — Dhalkebar 12.25 MW 3 API Power — Dhalkebar Phase II — 4 Chandranigahapur 5 MW 5 Dhalkebar Phase I 1.25 MW D) Understanding Key Terms

1Green Hydrogen Hydrogen produced using renewable energy sources (wind, solar, hydropower) via electrolysis — environmentally friendly as it doesn't produce greenhouse gases. Production: Electrolysis splits water (H₂O) into hydrogen (H₂) and oxygen (O₂) using renewable electricity Applications: Energy storage (storing excess renewable energy), transportation (clean fuel for vehicles/fuel cells), industrial processes (steel production, ammonia synthesis)

2Ammonia NH₃ — a compound of nitrogen and hydrogen, colourless with a pungent odor, used in fertilisers, industrial processes, and as a potential energy carrier. Traditional Production: Haber-Bosch process (nitrogen + hydrogen from natural gas, high pressure/temperature) Green Ammonia: Produced using green hydrogen — a carbon-free fuel and energy storage medium Uses: Fertilizers (major use), energy carrier (efficient hydrogen transport, can be burned in power plants/fuel cells)

3Electrolyser A device that uses electricity to split water into hydrogen and oxygen — central to green hydrogen production. Alkaline Electrolysers: Use liquid alkaline electrolyte solution (e.g., potassium hydroxide) PEM Electrolysers: Use solid polymer electrolyte, higher current density, more flexible with renewables Solid Oxide Electrolysers: Operate at high temperatures, higher efficiency, still under development for scale

4Fuel Cell A device converting chemical energy of a fuel (typically hydrogen) and an oxidizing agent (usually oxygen) into electricity via chemical reaction. PEM Fuel Cells: Common in vehicles, low temperature, quick start-up Solid Oxide Fuel Cells (SOFC): High temperature, stationary power generation Alkaline Fuel Cells: Space applications, specialized industries Benefits: More efficient than internal combustion engines, water/heat as by-products, versatile across applications E) Managemen