L&T, McPhy enter into partnership for Green Hydrogen manufacturing

23 Mar 2023 , 10:19 AM

Larsen & Toubro (L&T) has recently signed a binding agreement with McPhy Energy. McPhy Energy is a well-known French company specializing in electrolyzer technology and manufacturing. 

The agreement sets out a long-term partnership between the two companies aimed at exploring opportunities in the rapidly growing Green Hydrogen market.

McPhy will grant L&T an exclusive license of its pressurized alkaline electrolyzer technology for the manufacture of electrolyzers, including future product upgrades, as part of this collaboration. L&T plans to construct a manufacturing facility in India, capable of producing Gigawatt-scale electrolyzers that use McPhy’s technology. This facility will serve both domestic and international markets.

During the event, Subramanian Sarma, who serves as L&T’s Whole Time Director (Energy), remarked that the energy sector is experiencing a transformative change, with Green Hydrogen emerging as a crucial component of the future energy mix. 

‘We are delighted to have signed this Agreement with McPhy,’ he continued, ‘because it will be a win-win alliance given L&T’s significant presence across the entire value chain of energy manufacturing, EPC, and services, and McPhy’s technology and research leadership in this sector.’

The agreement being proposed is in alignment with L&T’s strategic vision of having a presence throughout the green energy value chain. At the same time, it also supports McPhy’s ambition to broaden its reach beyond the European market.

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