Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has recently announced a technology licensing agreement with Reliance Industries Limited (RIL), India's largest private sector corporation. This agreement grants Reliance the exclusive license to use Nel's alkaline electrolyzers in India and produce them globally for its own use. Håkon Volldal, Nel's President and CEO, expressed pride in the partnership with Reliance, highlighting Reliance's ambitions in renewable hydrogen production. Reliance is currently developing a multi-gigawatt new energy value chain, where green hydrogen plays a crucial role. The agreement also allows Nel to source equipment from Reliance for its projects and involves joint efforts in research and development to enhance performance and reduce costs. This collaboration not only supports Reliance in its global aspirations but also enables Nel to tap into a market that was previously inaccessible. The agreement underscores the mutual commitment of both companies to drive innovations in the energy sector and advance the adoption of green technologies.