The Norwegian Nel Hydrogen signs a licensing agreement for its alkaline electrolyzers with the Indian Reliance Industries

The Norwegian Nel Hydrogen signs a licensing agreement for its alkaline electrolyzers with the Indian Reliance Industries
The Norwegian Nel Hydrogen signs a licensing agreement for its alkaline electrolyzers with the Indian Reliance Industries

The Norwegian Nel Hydrogen Electrolyser ASa wholly owned subsidiary of Nel ASA, has entered into a technology licensing agreement with Reliance Industries Limited (RIL). The agreement provides RIL with an exclusive license for Nel alkaline electrolyzers in India and also allows RIL to manufacture Nel alkaline electrolyzers for captive purposes worldwide.

“The signing of this agreement is a great milestone in Nel’s history. Reliance is an impressive company with huge ambitions as a global producer of renewable hydrogen and I am proud that they have selected Nel as their technology partner. In addition to supporting Reliance in achieving its global aspirations, Nel through this agreement will gain a revenue stream from a rapidly growing market that Nel could not have accessed on its own,” says Nel Chairman and CEO , Håkon Volldal.

RIL is India’s largest private sector corporation. The company is recognized for its ability to execute large-scale projects and solid investments in technology and innovation. RIL is building a new multi-GW fully integrated end-to-end energy value chain, from photons to green molecules, paving the way for abundant and affordable access to sustainable energy for all, according to the vision set by the President and RIL CEO Mukesh Ambani. Green hydrogen is a critical element of the new energy value chain, and the partnership between RIL and Nel on alkaline electrolyzers is an important milestone towards the sustainable energy future.

Through the agreement, Reliance gains access to Nel’s proven and leading technology platform for electrolyser manufacturing. RIL has successfully built multiple businesses of truly global scale. This association of Nel’s strong technology platform with RIL’s execution prowess will add to the success story of both partners.

Both partners will also collaborate on future performance improvements and cost optimization through research and development (R&D), value engineering, standardization and modularization to improve the competitiveness of the alkaline technology platform.

Under the agreement, Nel can purchase equipment from Reliance for its own projects. Nel will continue to serve the Indian market with technology platforms that are not covered by the agreement.

 
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