Reliance New Energy Solar Limited (RNESL) and Denmark’s Stiesdal A/S sign a cooperation agreement to collaborate on technology development and manufacturing of HydroGen Electrolyzers in India

Innovative electrolyzer technology capable of producing hydrogen at a significantly lower cost compared to current levels

Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited  (RIL), and Denmark-based Stiesdal A/S (Stiesdal) signed a cooperation agreement for technology  development, and manufacturing of Stiesdal’s HydroGen Electrolyzers in India. The agreement was signed  during a state visit of Denmark to India and announced in the presence of the Hon’ble Mr. Narendra Modi, Prime Minister of India and the Hon’ble Ms. Mette Frederiksen, Prime Minister of Denmark. Stiesdal is  founded by Henrik Stiesdal, a wind power pioneer and leading thought leader in global renewable industry.  Stiesdal is engaged in developing and commercializing several technologies to counter climate  crisis. The new technology for HydroGen Electrolyzers has the potential to deliver significant cost  reduction compared to currently available technologies thereby paving the way for rapid decarbonization  and commercialization of affordable Green Hydrogen – a key enabler in achieving India’s green energy transition.
Mr. Mukesh Ambani, Chairman of Reliance Industries, had announced ambitious plans of setting up a giga factory for manufacturing of hydrogen electrolyzers in Jamnagar, Gujarat. Through this agreement, RNESL  and Stiesdal will combine their strengths and capabilities and collaborate to further advance the  technology development of HydroGen Electrolyzers and scale it up to set up manufacturing facilities. 
As part of this agreement RNESL and Stiesdal have also agreed to extend their collaboration to  development and implementation of other path breaking climate change technologies which include  offshore wind energy, next generation fuel cells for conversion of hydrogen to electricity for mobile and  static electricity generation, long duration energy storage and production of carbon negative fuels.
Speaking after signing of the agreement, Mr. Mukesh Ambani said, “We at Reliance see this cooperation  agreement with Stiesdal as yet another opportunity to implement our philosophy of “Caring for the Planet” and “Caring for the People”. It is an important step towards fulfilling our commitment to accelerate India’s  transition to green energy benefitting from our vast solar energy sources and scaling up innovative and  leading technologies to meet this objective. We aim to leverage Stiesdal’s impressive portfolio of climate  technologies to serve India market and work together to make this portfolio a global pace setter. In partnership with Stiesdal, we will strive to achieve our stated goal of offering Hydrogen energy under $1  per kg in 1 decade – the 1-1-1 target for Green Hydrogen. Reliance is committed to making the greatest  contribution to the

National Hydrogen Mission announced by our Hon’ble Prime Minister Mr Narendra Modi on  Independence Day this year. Our vision is to put India on global hydrogen map and fulfil the developmental  aspirations of 1.35 billion Indians.” Mr. Hital Meswani, Executive Director of Reliance Industries, said,  “Reliance is committed to realising its stated ambitions in new energy and accelerating the technology  development and scale up of world leading technologies. We welcome Stiesdal as our partner and look  forward to working together to achieve our goals.” Mr. Henrik Stiesdal, CEO of Stiesdal A/S, said, “We are  excited to enter into this agreement with Reliance New Energy Solar Limited, the New Energy platform of   India’s largest industrial company. As a company, we are committed to the fight against climate change, seeking to deliver the largest possible impact in the shortest possible time. For us there could be no greater impact than seeing our technology scaled up for use in the world’s largest democracy. Production of low-cost hydrogen is a vital strategic element of the green transition in India and the world, and Reliance
Industries have the reach and capability to ramp up electrolyzer production to the required levels.
We are very much looking forward to developing and expanding our cooperation with Reliance New  Energy Solar Limited, not only within the field of hydrogen production, but also within the fields of our other climate technologies.”
The HydroGen Electrolyzer technology is developed by Stiesdal PtX Technologies. It is an effective  technology for green hydrogen production at a game-changing cost level. The HydroGen Electrolyzer  benefits from a combination of innovative solutions and a thoroughly industrialized approach to product  design and achieving maximum economies of scale in both the output from the electrolyzer unit as well as  mass production of the electrolyzer itself. Combined with Reliance’s deep expertise in innovation, project  execution and operational excellence and its world-class talent pool, this partnership will bring affordable green hydrogen to millions of Indians.