Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (OSE: NEL), has announced a significant technology licensing agreement with Reliance Industries Limited (RIL), marking a pivotal advancement in green hydrogen initiatives. The agreement grants RIL an exclusive license to manufacture Nel’s alkaline electrolysers in India and for global captive use, bolstering RIL’s position as a major player in the renewable hydrogen sector.

Strategic Partnership Details

This partnership allows Reliance Industries, India’s largest private sector corporation and a Fortune 500 company, to leverage Nel’s cutting-edge alkaline electrolyser technology. The collaboration is designed to support RIL’s ambitious goal of becoming a global leader in renewable hydrogen production. Under the terms of the agreement, RIL will also have the opportunity to contribute to the enhancement of this technology through future research and development efforts focused on performance improvements and cost efficiency.

Håkon Volldal, President and CEO of Nel, expressed his enthusiasm about the partnership, stating, “The signing of this agreement is a great milestone in Nel’s history. I am proud that Reliance has selected Nel as their technology partner. This collaboration not only supports Reliance in achieving their global aspirations but also ensures a revenue stream for Nel from a rapidly growing market.”

Implications for Sustainable Energy

Reliance Industries is currently developing a multi-GW fully integrated end-to-end new energy value chain, from photon to green molecules. This initiative is part of a broader vision by RIL’s Chairman and Managing Director, Mr. Mukesh Ambani, to provide abundant and affordable access to sustainable energy. The use of Nel’s alkaline electrolysers is expected to play a crucial role in this strategy, emphasizing the production of green hydrogen as a key component of the new energy framework.

Future Collaborations and Enhancements

The agreement not only facilitates the immediate adoption of Nel’s technology by RIL but also sets the stage for both partners to engage in joint efforts to further refine and enhance the technology. These initiatives will focus on value engineering, standardization, and modularization to boost the competitiveness and adoption of the alkaline technology platform.

Moreover, Nel retains the ability to procure equipment from Reliance for its own projects and will continue to serve the Indian market with other technology platforms not covered by this agreement.

The partnership between Nel Hydrogen Electrolyser AS and Reliance Industries is a strategic move that significantly enhances the capabilities of both companies in the renewable energy sector. By combining Nel’s technological expertise with RIL’s robust execution capabilities and substantial market presence, this collaboration is poised to accelerate the transition to a sustainable energy future.

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