Reliance New Energy Solar Limited (Rnesl), a subsidiary of Reliance Industries Limited (RIL), and Denmark-based Stiesdal have signed a cooperation agreement for technology development and manufacturing of Stiesdal’s HydroGen Electrolyzers in India.
HydroGen Electrolyzers claims to deliver significant cost reduction compared to currently available technologies, thereby paving the way for rapid decarbonisation and commercialisation of affordable green hydrogen.
Both partners have also agreed to extend their collaboration to develop and implement other climate change technologies, including offshore wind energy, next-generation fuel cells for conversion of hydrogen to electricity for mobile and static electricity generation, and long-duration energy storage and production of carbon-negative fuels.
Reliance Industries previously announced ambitious plans to set up a hydrogen electrolysers giga factory in Jamnagar, Gujarat, India. This agreement will combine the partners’ strengths and capabilities and collaborate to advance the technology development of HydroGen Electrolysers further and scale it up to set up manufacturing facilities.
Mr Mukesh Ambani, Reliance Chairman, said, “In partnership with Stiesdal, we will strive to achieve our stated goal of offering hydrogen energy under $1/kg in 1 decade – the 1-1-1 target for green hydrogen.”
Mr Henrik Stiesdal, CEO of Stiesdal A/S, said, “Production of low-cost hydrogen is a vital strategic element of the green transition in India and the world, and Reliance Industries have the reach and capability to ramp up electrolyser production to the required levels.”