NEW DELHI: Reliance Industries Ltd has signed an agreement with Norway’s Nel ASA for sourcing technology to make electrolysers for production of green hydrogen as part of billionaire Mukesh Ambani’s pivots toward green energy.
The agreement with Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Oslo-based Nel ASA, “provides Reliance with an exclusive license for Nel’s alkaline electrolysers in India and also allows Reliance to manufacture Nel’s alkaline electrolysers for captive purposes globally,” the Norwegian firm said in a statement.
Ambani, Asia’s richest man who built his fortune on fossil fuels, in 2022 announced plans to invest USD 75 billion in renewables infrastructure including generation plants, solar panels and electrolyzers.
