Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has entered a technology licensing agreement with Reliance Industries Limited (RIL) in India. This exclusive license for Nel's alkaline electrolyzers within India and permission for global manufacturing signifies a milestone for both companies. Håkon Volldal, Nel's President and CEO, acknowledges the partnership with RIL as significant, given Reliance's reputation as a Fortune 500 conglomerate aiming to be a global renewable hydrogen leader. The collaboration aims to boost sustainable energy access and revenue streams for Nel. Reliance Industries Limited's focus on a multi-gigawatt energy value chain, including green hydrogen, aligns well with Nel's expertise in electrolyzer technology. The joint venture plans to drive research, value engineering, and standardization to enhance the competitiveness of the alkaline technology platform. The agreement allows Nel to procure equipment from RIL for its projects and emphasizes Nel's dedication to serving the Indian market with other technology platforms. Nel, a key player in hydrogen technology, offers solutions for renewable hydrogen production and fueling equipment worldwide. With applications in decarbonizing transportation, refining, steel, and ammonia production, Nel's products play a crucial role in enabling a green hydrogen economy. The partnership between Nel and RIL showcases a positive outlook towards sustainable development and innovation in the renewable energy sector.