Larsen & Toubro (L&T) has signed an agreement to manufacture electrolysers with McPhy Energy, a France-based electrolyser technology and manufacturing specialist. Both companies intend to form a long-term partnership to investigate the opportunities emerging in the emerging green hydrogen market. L&T intends to build a gigatonne-scale manufacturing facility for electrolysers based on McPhy technology in India to meet domestic demand as well as those from other selected geographies.
McPhy will grant L&T an exclusive licence of its pressurised alkaline electrolyser technology for the manufacture of electrolysers, including future product upgrades, as part of this collaboration. The proposed agreement aligns with L&T’s strategic vision of being present throughout the green energy value chain, while the collaboration also advances McPhy’s goal of expanding beyond the European market.
The collaboration will capitalise on L&T’s strong presence in the energy sector across the entire value chain of manufacturing, EPC, and services, as well as McPhy’s technology and research leadership in this sector.
