India’s Larsen & Toubro has signed an agreement with French electrolyser manufacturer Mcphy to license the latter’s technology for manufacturing. Larsen & Toubro plans to construct an electrolyser gigafactory based on Mcphy’s technology, with an eye primarily to serve domestic demand.

“The green hydrogen industry is at a nascent stage with an immense potential, and through this partnership both organisations will harness their inherent strengths to establish cost leadership through local manufacturing and sourcing,” says Derek Shah, Larsen & Toubro’s head of green manufacturing and development.

International electrolyser manufacturers are increasingly exploring opportunities to partner with Indian firms

“Mcphy wants to be a global leader in the manufacture of electrolysers. Joining forces with a major partner like Larsen & Toubro to address new markets is a great opportunity for Mcphy and evidence of the attractiveness of its technology,” says Jean-Baptiste Lucas, CEO of the French firm.

International electrolyser manufacturers are increasingly exploring opportunities to partner with Indian firms to gain a foothold in the market, which is expected to produce 5mn t/yr of green hydrogen by 2030. The government has budgeted $2.16bn for incentives for domestic green hydrogen production and electrolyser manufacturing.

Fellow EPC firm Thermax last week signed an agreement with Australia’s FFI to jointly explore development of green hydrogen projects and component manufacturing facilities.

Alkaline electrolyser manufacturer John Cockerill has similarly entered into a partnership with India’s Greenko to construct a factory with an initial 1GW/yr of capacity within two years.

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Author: Polly Martin