Reliance inks deal with Norway’s Nel for hydrogen electrolysers – EQ
In Short : Reliance has signed a deal with Norway’s Nel to collaborate on hydrogen electrolysers, aiming to boost green hydrogen production and advance renewable energy initiatives.
In Detail : Nel’s entry into India’s renewable hydrogen sector marks a pivotal market expansion with RIL.
Reliance Industries Ltd (RIL) has entered into a major technology licensing agreement with Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA of Norway. As per this deal, RIL gets an exclusive licence to manufacture Nel’s alkaline electrolysers in India and internationally for in-house consumption. This step is a turning point for Nel as it opens a new market for the company in the growing Indian renewable hydrogen sector with RIL’s vision.
In his turn, Håkon Volldal, President and CEO of Nel ASA noted the significance of this partnership for the company, underlining Reliance’s scale and its plans for the development of renewable hydrogen in the world.
The partnership supports RIL’s strategy of building a new energy value chain of multi-GW, enhancing the availability of clean energy as planned by the company’s chairman Mukesh Ambani.
The agreement allows Reliance to use Nel’s advanced electrolyser technology which is known for its durability and effectiveness. It also paves the way for collaborative research and development to improve performance and bring down costs.
Also, Nel will work with Reliance as a supplier for its own projects while simultaneously targeting other segments of the Indian market with other technology offerings.
This partnership indicates a combination of Nel’s expertise in technology and Reliance’s efficiency in operations to achieve optimal results in the development of sustainable energy solutions in the global market.
