Green Hydrogen L&T Partners with HydrogenPro for Producing GW-Scale Hydrogen Electrolyzers in India

Under the terms of the agreement, L&T and HydrogenPro will set up a joint venture in India to carry out gigawatt-scale production of alkaline water electrolyzers based on HydrogenPro’s technology for the Indian market and other global markets. The move is in line with the country’s aim to become one of the world’s largest green hydrogen hubs.

Related Vendors

Glatt Ingenieurtechnik GmbH

Pörner Ingenieurgesellschaft mbH

Angst+Pfister AG

Larsen & Toubro Ltd.

Mumbai/India – Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has recently entered a Memorandum of Understanding (MOU) with HydrogenPro, a Norway-based leading electrolyzer technology and manufacturing company for partnership to tap the emerging green hydrogen market.

Under this agreement, L&T and HydrogenPro will jointly work towards setting up of a joint venture in India for gigawatt-scale manufacturing of alkaline water electrolyzers based on HydrogenPro’s technology for the Indian market and other select geographies. The proposed joint venture in India is in line with L&T’s strategic vision to be present across the green energy value chain and HydrogenPro’s strategy of establishing a global manufacturing footprint to maintain cost leadership and ensure local presence.

Market Report

Green Hydrogen will Bring New, Diverse Participants to the Market: IRENA

Commenting on the occasion, S N Subrahmanyan, CEO & MD, L&T said, “The energy industry is undergoing a tectonic shift with green hydrogen emerging as a key fuel in the future energy basket”. Subramanian Sarma, Whole Time Director (Energy), L&T adds, “We are looking forward to this exciting journey and make this partnership work for creating sustainable infrastructure for the future. The green hydrogen industry is at a nascent stage with an immense potential to offer great opportunities.”

India has made the world’s largest expansion plan for renewable energy transition, with a target of 175 GW of renewables by 2022 and 500 GW by 2030. India is well suited for green hydrogen production due to the low generation costs of renewable electricity from abundantly available solar PV and wind power sources. The country aims to be among the world’s largest green hydrogen hubs and has plans for using the same across the sectors. It can also provide India the energy security by reducing the ever-increasing energy import bill and a pathway to green alternative for ‘hard-to-abate’ industries, like refineries, fertilizers, steel, and transport.

Green hydrogen demand in India is estimated to grow up to 2 MMTPA by 2030 in line with the nation’s Green Hydrogen Mission, which would call for investments upward of 60 billion dollars.

(ID:47967841)