L&T signs MoU with HydrogenPro for manufacturing Hydrogen Electrolysers in India
The Hindu
Larsen & Toubro Ltd (L&T), said it has entered into a Memorandum of Understanding (MoU) with HydrogenPro AS, a Norway-based electrolyser technology and manufacturing company to tap the
Larsen & Toubro Ltd (L&T), said it has entered into a Memorandum of Understanding (MoU) with HydrogenPro AS, a Norway-based electrolyser technology and manufacturing company to tap the emerging Green Hydrogen market.
Under this agreement, L&T and HydrogenPro will jointly work towards setting up of a joint venture in India for Gigawatt-scale manufacturing of alkaline water electrolysers based on HydrogenPro technology for Indian market and other select geographies.
“The proposed joint venture in India is in line with L&T’s strategic vision to be present across the green energy value chain and HydrogenPro’s strategy of establishing a global manufacturing footprint to maintain cost leadership and ensure local presence,” L&T said In a statement.