Reliance Industries, Stiesdal partners for developing H2 electrolysers in India
Reliance Industries Ltd (RIL) has announced that it's unit Reliance New Energy Solar Limited (RNESL) has partnered with Stiesdal A/S to develop and manufacture hydrogen electrolysers. RNESL has been given the license for this.
Speaking after signing the agreement, RIL Chairman Mukesh Ambani stated: "We at Reliance see this cooperation agreement with Stiesdal 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 collaboration 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 Prime Minister Narendra Modi on Independence Day this year. Our vision is to put India on the global hydrogen map and fulfill the developmental aspirations of 1.35 billion Indians," he added.
Henrik Stiesdal, CEO of Stiesdal A/S, 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."