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

The agreement was signed during a state visit of the Prime Minister of Denmark Mette Frederiksen to India and the agreement was announced in the presence of Narendra Modi, Prime Minister of India and Mette Frederiksen.

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.

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, said Mukesh Ambani, Chairman, Reliance Industries.

As part of this agreement RNESL and Stiesdal have also agreed to extend their collaboration to 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 of the agreement, Mukesh Ambani said, "We aim to leverage Stiesdal’s impressive portfolio of climate technologies to serve the India market and work together to make this portfolio a global pace setter. 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."

Hital Meswani, Executive Director, Reliance Industries 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 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. 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."

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.