Cavendish Renewable Technology Pty Ltd (CRT) signed a Technology Development and Licensing Agreement with Adani New Industries Limited (ANIL), which is part of the Adani Group.
The agreement includes infrastructure costs for further development of intellectual property, licence fees and royalties on successful commercialisation of CRT’s state-of-the-art electrolyser technologies.
CRT will now be able to accelerate its research activities to shorten the commercialisation pathway leading to near term revenue generation, in a hydrogen electrolyser market that the company views as grossly underserviced in the APAC region.
Adani New Industries Limited has selected CRT as a technology partner for developing Green Hydrogen Electrolyser Technologies to meet increasing demand in India and the Middle East North Africa region. It covers the development of Alkaline Electrolysers (AEL), Polymer Exchange Membrane (PEM), Anion Exchange Membranes (AEM), and CRT’s innovative ‘C Cell’ technology for mass-scale production.
Cavendish Renewable Technology Chief Executive Officer, Dr. Ani Kulkarni commented on the Agreement: “It is going to be a golden era for hydrogen over the next decade, and CRT is excited to receive such a significant contract from Adani; we believe this contract would underpin clean technology collaborations between two key economies in the APAC region.”
“It is a great international endorsement of the activities of CRT’s experienced team which consists of industry experts with core hydrogen research backgrounds in addition to significant engineering and capital market experience.”