Reliance and Stiesdal to Manufacture Hydrogen Electrolyzers

Reliance and Stiesdal to Manufacture Hydrogen Electrolyzers

Indian Market
by 5paisa Research Team Last Updated: 2022-12-13T10:32:04+05:30

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.

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