homebusiness Newscompanies NewsReliance New Energy Solar and Denmark's Stiesdal to make hydrogen electrolyzers in India

Reliance New Energy Solar and Denmark's Stiesdal to make hydrogen electrolyzers in India

Reliance New Energy Solar and Denmark's Stiesdal to make hydrogen electrolyzers in India
Profile image

By CNBC-TV18 Oct 13, 2021 12:22:18 AM IST (Updated)

Reliance Industries Ltd said its unit Reliance New Energy Solar Ltd has partnered with Stiesdal to develop and manufacture hydrogen electrolysers.

Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), and Denmark-based Stiesdal A/S (Stiesdal) signed a cooperation agreement for technology development and manufacturing of Stiesdal’s hydrogen electrolyzers in India.

Recommended Articles

View All

The agreement was signed during a state visit of Denmark to India and announced in the presence of Narendra Modi, Prime Minister of India and Mette Frederiksen, Prime Minister of Denmark,
Stiesdal is founded by Henrik Stiesdal, a wind power pioneer and leading thought leader in the global renewable industry. Stiesdal is engaged in developing and commercialising several technologies to counter the climate crisis.
Also Read:
The new technology for hydrogen electrolyzers has the potential to deliver significant cost reduction compared to currently available technologies thereby paving the way for rapid decarbonization and commercialization of affordable Green Hydrogen – a key enabler in achieving India’s green energy transition.
Mukesh Ambani, chairman of RIL, had announced ambitious plans of setting up a giga factory for manufacturing of hydrogen electrolyzers in Jamnagar, Gujarat. Through this agreement, RNESL and Stiesdal will combine their strengths and capabilities and collaborate to further advance the technology development of HydroGen Electrolyzers and scale it up to set up manufacturing facilities.
As part of this agreement, RNESL and Stiesdal have also agreed to extend their collaboration to the development and implementation of other path-breaking climate change technologies which include offshore wind energy, next-generation fuel cells for conversion of hydrogen to electricity for mobile and static electricity generation, long-duration energy storage and production of carbon-negative fuels.
Speaking after signing the agreement, Ambani said, "We at Reliance see this cooperation agreement with Stiesdal as yet another opportunity to implement our philosophy of “Caring for the Planet” and “Caring for the People”. It is an important step towards fulfilling our commitment to accelerate India’s transition to green energy benefitting from our vast solar energy sources and scaling up innovative and leading technologies to meet this objective. We aim to leverage Stiesdal’s impressive portfolio of climate technologies to serve the Indian market and work together to make this portfolio a global pacesetter."
"In partnership with Stiesdal, we will strive to achieve our stated goal of offering Hydrogen energy under $1 per kg in 1 decade – the 1-1-1 target for Green Hydrogen. Reliance is committed to making the greatest contribution to the National Hydrogen Mission announced by our Hon’ble Prime Minister Mr Narendra Modi on Independence Day this year. Our vision is to put India on the global hydrogen map and fulfil the developmental aspirations of 1.35 billion Indians," Ambani said.
Hital Meswani, executive director of RIL, said, "Reliance is committed to realising its stated ambitions in new energy and accelerating the technology development and scale-up of world-leading technologies. We welcome Stiesdal as our partner and look forward to working together to achieve our goals."
Henrik Stiesdal, CEO of Stiesdal, said, "We are excited to enter into this agreement with Reliance New Energy Solar Limited, the New Energy platform of India’s largest industrial company. As a company, we are committed to the fight against climate change, seeking to deliver the largest possible impact in the shortest possible time."
"For us, there could be no greater impact than seeing our technology scaled up for use in the world’s largest democracy. 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 electrolyzer production to the required levels," Stiesdal said.
The hydrogen electrolyzer technology is developed by Stiesdal PtX Technologies. It is an effective technology for green hydrogen production at a game-changing cost level. The hydrogen electrolyzer benefits from a combination of innovative solutions and a thoroughly industrialized approach to product design and achieving maximum economies of scale in both the output from the electrolyzer unit as well as mass production of the electrolyzer itself.
Combined with Reliance’s deep expertise in innovation, project execution and operational excellence and its world-class talent pool, this partnership will bring affordable green hydrogen to millions of Indians.
Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers