Gruner secures $60 million for CBG expansion across India
With a primary aim of introducing breakthrough technology and highly efficient processes in the biogas industry, a substantial portion of the investment will be allocated to advancing research and development (R&D) initiatives, focusing on increasing energy efficiency and the accuracy of biogas production, targeting a projected substantial increase in energy output efficiency.
Noida headquartered biogas major Gruner Renewable Energy has secured $60 million in funding to help the company further expand its presence in Compressed BioGas (CBG) plants development across India.
Gruner held that it is committed to enhancing its research and development (R&D) efforts as it aims to make substantial contributions toward PM Narendra Modi’s vision of energy independence and sustainability for India.
Gruner plans to utilize the freshly secured funds to significantly enhance its operations and market presence. With a primary aim of introducing breakthrough technology and highly efficient processes in the biogas industry, a substantial portion of the investment will be allocated to advancing research and development (R&D) initiatives, focusing on increasing energy efficiency and the accuracy of biogas production, targeting a projected substantial increase in energy output efficiency.
Gruner said that the funds will also support business expansion, including establishing new biogas plants across India, scaling up CNG retail outlets, and exploring new business verticals such as sustainable aviation fuel (SAF) and green hydrogen. This strategic investment is expected to exponentially increase Gruner’s market share over the next five years.
Gruner Founder & CEO Utkarsh Gupta said, “Establishing CBG plants in India is crucial for fostering a self-reliant and sustainable future. By promoting clean energy production and reducing dependence on imported compressed natural gas (CNG), we contribute significantly to India’s vision of energy independence.”
He said that with 113 functional CBG plants, 667 in development, and 171 under construction, the growth is substantial; and the policy enablers promote a circular economy and sustainable development. “This investment in Gruner from like-minded partners will be essential for driving this transformation,” added Gruner CEO.
Utkarsh believes that encouraging the cultivation of energy crops through direct subsidies and financial incentives for farmers is crucial. This method not only supports the agricultural sector but also guarantees a consistent supply of feedstock for biogas production. By offering these incentives, the government can promote sustainable farming practices and foster the growth of the renewable energy sector, ultimately helping to build a self-reliant and sustainable future for India.
