RIL and Nel ASA: A Strategic Partnership for Green Hydrogen
| Aspect | Details |
|---|---|
| Companies Involved | Reliance Industries Ltd (RIL), Norway's Nel ASA |
| Agreement Date | May 21 |
| Nature of Agreement | Technology licensing agreement |
| Key Components | - Exclusive license for Nel's alkaline electrolysers in India - Global manufacturing rights for internal purposes |
| Market Share of Nel ASA | 10-15% globally |
| Strategic Focus | - RIL's transition to green energy - Production of green hydrogen |
| Benefits for RIL | - Accelerate new energy initiatives - Build integrated energy vertical - Decarbonize portfolio |
| Benefits for Nel ASA | - Access to Indian market revenue - Diversify revenue beyond current electrolyser orders |
| RIL's Investment | $75 billion in renewables infrastructure (announced by Mukesh Ambani in 2022) |
| Market Dynamics | Significant electrolyser deliveries projected for 2023-2024 |