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provider and a trusted partner in energy transition. As part of the technology
licensing and agreement for supply of stacks, including any future upgrades
and technical support from HydrogenPro, Thermax will have exclusive rights in
India for the supply, installation, commissioning, and after-sales services of
alkaline electrolyser systems based on HydrogenPro’s technology, which will be
effective immediately and available for deployment in ongoing Indian green
hydrogen projects.
HydrogenPro brings world-class, proven electrolyser technology that fully
complies with international standards and certifications. HydrogenPro’s
in-house expertise in advanced electrode development and coating serves as a
key enabler for delivering high-efficiency systems.
Through a comprehensive technology transfer, Thermax will engineer and
manufacture key systems and balance-of-plant components of the electrolyser
for integration with stacks. Additionally, Thermax and HydrogenPro will
collaborate on the joint development of advanced solutions to meet evolving
market needs. As a significant first step, a state-of-the-art test station for
short stacks will be established at Thermax’s facility in Pune.
Commenting on the partnership, Ashish Bhandari, MD & CEO, Thermax, said, “Our
association with HydrogenPro marks an important step in expanding our green
hydrogen portfolio. This collaboration enables us to immediately offer
market-ready Alkaline technology-based solutions for deployment across
industries in India. By combining HydrogenPro’s proven technology with
Thermax’s engineering and project execution expertise, we will deliver
integrated, localised, state-of-the-art Alkaline Electrolyser solutions with
complete lifecycle support. This partnership reinforces our commitment to
advancing industrial decarbonisation and supporting India’s energy
transition.”
Jarle Dragvik, CEO, HydrogenPro, said, “India, with its strong development in
renewable energy is one of the fastest growing hydrogen markets. The
partnership with Thermax provides us with an important entry into the country
and a solid market foothold. Our goal is to enable the decarbonisation of
industry through the use of green hydrogen, particularly in sectors with few
or no renewable alternatives to current operational practices. India is
striving to decarbonise their industries and modernise power generation, and
this closely aligns with our technology. We will jointly develop and deliver
comprehensive, integrated solutions that address complex challenges and enable
scalable, sustainable energy advancements in India”.
With this collaboration, Thermax will offer end-to-end integrated green
hydrogen solutions — encompassing the supply of electrolyser systems,
turnkey project execution on an EPC (Engineering, Procurement, and
Construction) basis, and value-added services to ensure optimal performance of
green hydrogen production plants.
This strategic partnership underscores Thermax’s proactive role in shaping a
sustainable future and leading the development of India’s green hydrogen
ecosystem.
About Thermax Limited
Thermax Limited (NSE: THERMAX) is a leading conglomerate in the energy and
environment space and a trusted partner in energy transition. Thermax’s
extensive portfolio includes clean air, clean energy, clean water and chemical
solutions. Backed by its longstanding industry partnerships across multiple
sectors, Thermax has cultivated strong expertise in audit, consulting,
execution, and maintenance, coupled with digital solutions, ensuring a unified
energy and environment management experience. Leveraging its distinctive
engineering capabilities, Thermax converts costs to profits while protecting
the environment – a win-win for the industry and society at large. Thermax
operates 16 manufacturing facilities across India, Europe, and Southeast Asia
and has 49 Indian and international subsidiaries.
For more information, visit www.thermaxglobal.com
(https://protect.checkpoint.com/v2/r05/http:/www.thermaxglobal.com.YXBzMTp0aGVybWF4OmM6bzplZGZiZjAxZmUzOTg4MzgwNDQ4NWYxYjRiZWE5N2JiYjo3OjUwMzg6NzQxN2RjODNhZjgwNWEwNGE5ZThhMzc4YzVmZDA3ZDBmNTRkMGU5ZjgyZGE4ZmU1YTE4NTMxYWRiYTJhNTY2ZjpwOlQ6Rg)
About HydrogenPro
HydrogenPro, established in 2013, specialises in pioneering green hydrogen
technology solutions through partnerships with global collaborators and
suppliers. Our flagship products are high-pressure alkaline electrolysers,
incorporating some of the most advanced technology available. As an OEM, we
provide high-pressure alkaline electrolysers and supply large-scale green
hydrogen plants, all certified to ISO 9001, ISO 45001, and ISO 14001
standards. Our experienced engineering team consists of leading industry
experts, drawing upon unparalleled knowledge and expertise in the hydrogen and
renewable energy sectors.
For more information, visit www.hydrogenpro.com
(https://protect.checkpoint.com/v2/r05/http://www.hydrogenpro.com.YXBzMTp0aGVybWF4OmM6bzo2NjBjMTA4Zjg4Zjk0N2QyYjE3OGYzNjczNGM0MWU2Yzo3OjNiN2E6MGVjNzcwMDdkY2RlZGU3MTEwNGNkZDMzY2FlZDM4MDI5OTllNjU4OWE1NTQzMTZkZTU4MThlNmE5MGZlYjdlYzpwOlQ6Rg)
For further information, please contact:
Martin Thanem Holtet, CFO
+47 922 44 902
martin.holtet@hydrogenpro.com
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