Reliance Industries Ltd (RIL), India's largest private-sector corporation, has entered into a significant technology licensing agreement with Nel Hydrogen Electrolyser, a subsidiary of Nel ASA, for alkaline electrolyzers. The agreement provides RIL with an exclusive license to manufacture Nel's alkaline electrolyzers in India and globally for captive purposes. This move is aligned with RIL's goal to achieve Net Carbon Zero by 2035, as part of its decarbonisation strategy. The partnership aims to build a multi-GW fully integrated new energy value chain, emphasizing the transition to cleaner energy sources. By accessing Nel's technology platform, RIL seeks to leverage Nel's expertise in electrolyzer technology for the production of renewable hydrogen. The collaboration between the two companies is expected to drive advancements in performance, cost efficiency, and technological innovation. Nel's president and CEO, Håkon Volldal, highlighted the mutual benefits of the agreement, enabling Nel to tap into the Indian market and offering RIL a strategic advantage in the hydrogen sector. The agreement also includes provisions for future collaboration on research and development, value engineering, and modularization to enhance the competitiveness of the alkaline technology platform. As a pure-play hydrogen technology company, Nel ASA stands to gain from the revenue generated in India while continuing to serve other market segments with its technology solutions. Reliance Industries, known for its diverse business portfolio, including hydrocarbon exploration, renewable energy, retail, and digital services, aims to strengthen its position in the renewable energy sector through strategic collaborations like the one with Nel. The agreement signifies a proactive step towards sustainable practices and technology-driven solutions in line with global energy transition objectives.