Larsen & Toubro announced that it has entered a Memorandum of Understanding (MoU) with HydrogenPro AS, a Norway-based leading Electrolyser technology and manufacturing company for partnership to tap the emerging Green Hydrogen market.
Under this agreement, L&T and HydrogenPro will jointly work towards setting up of a joint venture in India for Gigawatt-scale manufacturing of Alkaline Water Electrolysers based on HydrogenPro technology for Indian market and other select geographies. The proposed joint venture in India is in line with L&Ts strategic vision to be present across the green energy value chain and HydrogenPros strategy of establishing a global manufacturing footprint to maintain cost leadership and ensure local presence.
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