From pv journal India
Reliance Industries has signed a expertise licensing settlement for alkaline electrolyzers with Nel Hydrogen.
The settlement provides Reliance Industries an unique license for Nel’s alkaline electrolyzers in India. It additionally allowed Reliance Industries to fabricate Nel’s alkaline electrolyzers for captive functions worldwide.
“In addition to supporting Reliance in attaining its world ambitions, Nel by way of this settlement will acquire a income stream from a quickly rising market that Nel wouldn’t have been in a position to entry by itself,” mentioned Nel President and CEO Håkon Volldal.
Reliance Industries goals to turn out to be net-carbon zero by 2035 by switching to cleaner vitality sources. It is constructing a multi-gigawattm, absolutely built-in end-to-end new vitality worth chain, from photons to inexperienced molecules.
Reliance Industries will now get entry to Nel’s expertise platform to fabricate electrolyzers. Nel should purchase tools from Reliance Industries for its personal tasks. Nel will even proceed to serve the Indian market with expertise platforms not lined by the settlement.
Reliance Industries posted a consolidated turnover of $118.6 billion and a internet revenue of $9 billion for the yr to March 31, 2023.
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