Thermax Powers Up Green Hydrogen Future with HydrogenPro 🚀
Big news from the energy sector! Thermax Limited, a prominent player in energy and environment solutions, has just announced a significant strategic partnership that’s set to make waves in India’s green hydrogen landscape. They’ve teamed up with Norway’s HydrogenPro ASA, a leader in green hydrogen technology, for a major technology licensing and supply agreement. 🤝
So, what does this mean? Thermax will gain exclusive rights in India to supply, install, commission, and provide after-sales services for alkaline electrolyser systems based on HydrogenPro’s proven technology. Think of it as a powerful step towards indigenizing green hydrogen solutions for large-scale projects right here in India.
This collaboration is a win-win. HydrogenPro brings its world-class, high-efficiency electrolyser technology, including advanced electrode development, to the table. Meanwhile, Thermax will leverage its engineering prowess to manufacture key systems and balance-of-plant components, integrating them with HydrogenPro’s stacks. They’ll even set up a state-of-the-art test station for short stacks at Thermax’s facility in Pune, showcasing their commitment to local development. 🏭
Ashish Bhandari, MD & CEO of Thermax, highlighted that this partnership is a crucial move to expand their green hydrogen portfolio, offering market-ready solutions for various industries in India. It’s all about combining HydrogenPro’s proven tech with Thermax’s execution expertise to deliver integrated, localized, and state-of-the-art solutions with full lifecycle support. Jarle Dragvik, CEO of HydrogenPro, echoed this sentiment, emphasizing India’s rapidly growing hydrogen market and the strong foothold this partnership provides.
Essentially, Thermax will now be able to offer end-to-end integrated green hydrogen solutions, from supplying electrolyser systems to full EPC (Engineering, Procurement, and Construction) project execution and value-added services. This move firmly positions Thermax, a company currently trading around ₹3290, as a key enabler in India’s journey towards a sustainable, decarbonized future. 🌱 It’s exciting to see Indian companies taking such bold steps in the global energy transition!
source: Corporate Announcement
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