The agreement is a domestic collaboration covering alkaline electrolyser systems, which use electricity to split water into hydrogen and oxygen. When powered by renewable energy, the process produces green hydrogen, which is expected to play a role in reducing emissions from sectors such as steel, fertilisers, refineries and heavy transport.
Financial details of the agreement were not disclosed, with the consideration listed as confidential.
BHEL said the collaboration is intended to support phased indigenisation and local manufacturing of alkaline electrolyser systems in India. The company said the arrangement is also expected to strengthen its project execution capabilities for green hydrogen projects.
Thyssenkrupp Nucera India Private Limited is the Indian subsidiary of Germany-based Thyssenkrupp Nucera AG, which develops electrolysis technologies for green hydrogen production and chlor-alkali plants. The company has been expanding its presence in India as demand for electrolysers is expected to increase under the country’s clean energy plans.
According to the filing, the collaboration is expected to contribute to the National Green Hydrogen Mission and support the Government of India’s Make in India initiative.
The Union Cabinet in 2023 approved the National Green Hydrogen Mission, approved with an outlay of ₹19,744 crore. It aims to establish India as a global hub for the production, use and export of green hydrogen and its derivatives. The programme targets annual production of at least 5 million tonne of green hydrogen by 2030, supported by the deployment of electrolyser manufacturing capacity and additional renewable energy generation.
Electrolysers are considered a key component of the green hydrogen value chain, and the government has introduced the Strategic Interventions for Green Hydrogen Transition (SIGHT) to encourage domestic manufacturing with an outlay of ₹4,440 crores as part of efforts to reduce import dependence and build a local supply chain.
Shares of BHEL were 2.55% lower at ₹377.60 in afternoon trade on Tuesday. The stock has gained 29.2% this year, so far.
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