Reliance and Stiesdal to Manufacture Hydrogen Electrolyzers

No image 5paisa Research Team

Last Updated: 13th December 2022 - 10:32 am

Listen icon

Reliance New Energy has been in the news this week. After the acquisition of Norwegian Green firm, REC, and a 40% stake in Sterling & Wilson Solar, the latest deal pertains to manufacturing Hydrogen Electrolyzers. Reliance New Energy has partnered with Stiesdal A/S of Denmark and the former will be the licensee for the technology.

Also Read : Reliance to Acquire Stakes in Sterling & Wilson Solar

Stiesdal has developed its own proprietary technology for Hydrogen Electrolyzers that can reduce the cost of production of these Electrolyzers. This will help to substantially bring down the price of green hydrogen. This is an important technique in climate change mitigation, one of the big focus areas of Reliance New Energy. 

In the last Reliance AGM, Mukesh Ambani had set a hydrogen target of 1-1-1. That is an ambitious target for green hydrogen production which entails producing 1 KG of hydrogen for $1 within the time frame of 1 decade or 10 years. The global benchmark that companies are moving towards is 2 KG of hydrogen.

In addition, the collaboration of Reliance and Stiesdal will also cover other areas like offshore wind energy installations, next generation fuel cells for conversion of hydrogen to electricity for mobile and static electric generation, for long duration storage of energy and the generation of carbon negative fuels.

One of the big endeavours of the Reliance group is to make its energy mix greener and eventually  become carbon neutral by 2030. Reliance is investing up to $10 billion or Rs.75,000 crore over the next 3 years in renewable energies including the setting up of giga-factories in the Jamnagar complex.

Stiesdal, in a statement to the press, expressed its excitement about working with one of the largest countries and also the fastest growing economies in the world. Stiesdal operates through four of its subsidiaries, wherein each of these subsidiaries focusses on a separate renewable energy production methods.

Among its various clean energy products, Stiesdal has been involved in offshore floating wind turbines, storage technologies through crushed stone technologies, Clean technology for making CO2 negative fuel for aircraft and an electrolysis system that can easily convert water into hydrogen.

FREE Trading & Demat Account
Open FREE Demat Account with endless opportunities.
  • Flat ₹20 Brokerage
  • Next-gen Trading
  • Advance Charting
  • Actionable Ideas
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Indian Stock Market Related Articles

Top Multibagger Stocks for the Next 5 Years in India

by 5paisa Research Team 4th Dec 2024

Top Growth Stocks Trading at a Discount

by 5paisa Research Team 4th Nov 2024

Best Gold ETFs in India

by 5paisa Research Team 22nd Nov 2024

Best Corporate Bonds in India

by 5paisa Research Team 4th Nov 2024

Top 10 Best Government Bonds in India

by 5paisa Research Team 4th Nov 2024

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form