Bharat Heavy Electricals Limited (BHEL) has entered into a Strategic Collaboration Agreement (SCA) with Hystar AS of Norway. This partnership focuses on the development and supply of PEM Electrolyser Systems crucial for green hydrogen projects. The agreement aims to foster local manufacturing and indigenization of these advanced systems, strengthening BHEL’s position in India’s burgeoning green hydrogen sector and supporting the nation’s energy transition goals.
Strategic Collaboration for Green Hydrogen
Bharat Heavy Electricals Limited (BHEL) has announced a significant strategic move to bolster its presence in the green hydrogen market. The company has signed a Strategic Collaboration Agreement (SCA) with M/s Hystar AS, a Norway-based entity.
Focus on PEM Electrolyser Systems
This collaboration is specifically targeted at developing and supplying PEM (Proton Exchange Membrane) Electrolyser Systems. These systems are vital components for projects focused on generating green hydrogen. The agreement is designed to facilitate the phased indigenization and local manufacturing of these critical technologies within India.
Strengthening Market Position and National Goals
This initiative is expected to significantly enhance BHEL’s capabilities and its role as a key player in India’s rapidly expanding green hydrogen ecosystem. Notably, BHEL has previously entered into a similar strategic tie-up for alkaline electrolyser systems, indicating a comprehensive approach to the clean energy sector. The partnership with Hystar AS further solidifies BHEL’s ambition to offer diverse electrolyser solutions.
The collaboration is poised to strengthen BHEL’s project execution capabilities for green hydrogen initiatives across the country. Furthermore, it aligns with and supports the National Green Hydrogen Mission and the Government of India’s ‘Make in India’ initiative, underscoring a commitment to indigenous manufacturing and technological advancement in the renewable energy space.
Source: BSE
