Reliance Industries Ltd (RIL) has solidified a significant technology partnership with Norway's Nel ASA to accelerate its entry into the green energy sector, particularly in green hydrogen production. The alliance involves a technology licensing agreement where RIL secures exclusive rights for Nel's alkaline electrolysers in India and gains the authority to manufacture them globally for internal usage. This move aligns with RIL's strategy to advance its new energy investments and transition towards sustainable practices by decarbonizing its operations. The partnership is seen as mutually beneficial, with RIL set to benefit from Nel's advanced electrolyser technology, while Nel gains access to untapped revenue opportunities in the Indian market, potentially diversifying its income sources. Nel ASA, a key player in the global electrolyser market with a considerable market share, is projected for significant growth in deliveries in the upcoming years. The partnership allows Nel to capitalize on equipment procurement from Reliance for its projects while maintaining its market presence in India with other technology platforms. This strategic collaboration holds strategic importance for RIL as it aims to create value through its renewable investments. The agreement underscores RIL's commitment to its ambitious $75 billion investment plan in renewable infrastructure, spearheaded by Mukesh Ambani. By focusing on expanding its green energy business, RIL intends to address the rising demand in India for green energy equipment, supporting the country's green energy revolution.