RIL's Partnership with Nel ASA: Pioneering Green Hydrogen in India
Key Ideas
- RIL signed a technology licensing agreement with Nel ASA for exclusive manufacturing of alkaline electrolysers in India, advancing production of green hydrogen.
- The partnership involves a comprehensive energy value chain project 'from photon to green molecules' to harness solar energy and produce green hydrogen.
- The collaboration expands Nel ASA's market presence and enables RIL to become a key player in the global shift towards sustainable energy sources.
- RIL's strategic move aligns with their goal to achieve net-zero carbon emissions by 2035 and contributes to combating climate change through innovative green energy solutions.
Reliance Industries Limited (RIL) has partnered with Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, to manufacture alkaline electrolysers in India for green hydrogen production. This exclusive agreement is part of RIL’s initiative to establish an end-to-end new energy value chain, focusing on green hydrogen. By harnessing solar energy and utilizing electrolysers, RIL aims to produce green hydrogen through sustainable processes. The collaboration also involves joint R&D efforts to enhance performance and reduce costs. This partnership not only benefits RIL by expanding its renewable energy portfolio but also opens up new revenue streams for Nel ASA in the growing Indian market. Nel ASA's established electrolyser technology, already in use globally, complements RIL's vision to play a significant role in the transition to sustainable energy sources. With a focus on becoming a net-zero carbon company by 2035, RIL's strategic alignment with Nel ASA signifies a positive step towards a cleaner energy future and global climate action.
Topics
India
Renewable Energy
Innovation
Energy Transition
Sustainable Development
Business Collaboration
Technology Licensing
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