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(May 21, 2024 - Oslo, Norway) Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Nel ASA (Nel, OSE:NEL) has entered into a technology licensing agreement with Reliance Industries Limited (RIL). The agreement provides RIL with an exclusive license for Nel’s alkaline electrolysers in India and also allows RIL to manufacture Nel’s alkaline electrolysers for captive purposes globally.
“The signing of this agreement is a great milestone in Nel’s history. Reliance is an impressive company with enormous ambitions as a global producer of renewable hydrogen, and I am proud that they have selected Nel as their technology partner. In addition to supporting Reliance in achieving their global aspirations, Nel will through this agreement get a revenue stream from a rapidly growing market Nel could not have accessed on its own,” says Nel’s President and CEO, Håkon Volldal.
RIL is a Fortune 500 company and India's largest private sector corporation. The company is renowned for its capacity to execute large-scale projects and robust investments in technology and innovation. RIL is building a multi-GW fully integrated end-to-end new energy value chain, from photon to green molecules, paving the way for abundant and affordable access to sustainable energy for everyone, as per the vision set by RIL’s Chairman and Managing Director, Mr. Mukesh Ambani. Green hydrogen is a critical element of the new energy value chain – and the partnership between RIL and Nel in relation to alkaline electrolysers is an important milestone towards the sustainable energy future.
Through the agreement, Reliance gets access to Nel’s leading, proven technology platform for manufacturing electrolysers. RIL has successfully built multiple businesses of truly global scale. This partnership of Nel’s robust technology platform with RIL’s execution prowess – will further add to the success story for both partners.
Both partners will also collaborate on future performance improvements and cost optimization through research and development (R&D), value engineering, standardization and modularization to improve the competitiveness of the alkaline technology platform.
According to the agreement, Nel can procure equipment from Reliance for its own projects. Nel will continue to serve the Indian market with technology platforms that are not covered by the agreement.
ENDS
Great news
Nice… maybe finally NEL will become what I’d hoped… and make a few £££
Going along nicely , hydrogens time might be coming.
Anyone know why 20% rise today? Just speculation?
They signed a licensing deal with one of the biggest private companies in India. I think the rise is really 10% yesterday and 10 % today
Toyota announcement?
What’s the Toyota announcement about?
I can’t find any recent announcements relating to nel? Do you have a link to it?
This is old news from 2019. Can’t find anything recent though
Nel has together with Air Liquide, Hyundai, Nikola Motor, Shell and Toyota signed a Memorandum of Understanding (MOU) for hydrogen fueling components, for the purpose of testing state of the art heavy duty (HD) hydrogen fueling hardware to assist in standardization and speed to market for fuel cell electric trucks.
This cross-industry group of both vehicle and infrastructure companies has signed an MOU with the purpose to test pre-commercial 70MPa hydrogen heavy duty vehicle high flow (H70HF) fueling hardware for future Class 8 (40 Ton) trucks. The industry group has created specifications for the fueling nozzle, vehicle receptacle, dispenser hose and breakaway device components for this HD application for the purpose of developing Request for Proposals to suppliers.
This industry group is requesting notification of suppliers’ intent to participate in a pre-commercial development and test program designed specifically for this fueling hardware. The fueling hardware samples will undergo performance tests in accordance with the appropriate SAE/ISO/CSA industry standards along with additional aspects for this emerging market.
"Heavy Duty Fuel Cell Trucks offer the same range as their conventional Diesel counterparts and fueling hardware is being developed to fill in 10 minutes. Key members of the industry have joined forces to evaluate HD Fueling Hardware to make this a reality. The goal is to enable interoperability so that any HD FCEVs can fuel at our hydrogen stations and we can fill at any of theirs, just like diesel today. This is a big first step," said Jesse Schneider, executive vice president, Nikola Motor, Hydrogen & Fuel Cell Technologies.
“Hydrogen as fuel for the Heavy Duty transport sector is showing great promise and traction, and we are now in the process of developing the next generation, high capacity stations for this segment. In order to enable commercial success for this segment, standardization of fueling hardware is a key” says Jørn Rosenlund, SVP of Nel Hydrogen Fueling.
ENDS