New IndianOil joint venture to boost green hydrogen sector with additional electrolyser manufacturing capacity

A new joint venture has been formed by IndianOil, Larsen & Toubro (L&T), and ReNew Power in a bid to support the growing green hydrogen industry with additional electrolyser manufacturing capacity.

In revealing the joint venture today (April 4), additional electrolysers will be created in a bid to support the growing green hydrogen business and support the industry will reducing the cost of the generation process.

This will be achieved by adding further electrolysers for the market. By having more enter the economy, it makes the systems less expensive and rare meaning that the overall cost to produce green hydrogen comes down as a result.

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