Nel Hydrogen Electrolyser, a subsidiary of Nel ASA, has entered into a technology licensing agreement with Reliance Industries (RIL) to allow RIL exclusive rights to manufacture and use Nel's alkaline electrolyzers in India and globally. This partnership aims to combine RIL's experience in building global-scale businesses with Nel's technological innovation to enhance the competitiveness of alkaline technology. The agreement will focus on performance improvements, cost optimization, and value engineering through joint research and development efforts. Reliance's initiative to transition to green molecules for sustainable energy access aligns with Nel's expertise in renewable hydrogen production. The collaboration also allows Nel to procure equipment from Reliance for its projects while serving the Indian market with other technology platforms. Håkon Volldal, Nel's President and CEO, expressed pride in the partnership, stating that it marks a significant milestone for the company. He highlighted that the agreement not only supports Reliance Industries in their global renewable hydrogen ambitions but also provides Nel with access to a rapidly growing market. Reliance's commitment to installing 100 GW of clean energy capacity by 2030 demonstrates a shared vision for sustainability. The joint efforts will contribute to the development of a multi-gigawatt new energy value chain, focusing on green hydrogen production. This partnership signifies a strategic step towards accelerating the adoption of alkaline technology in India and globally.