Larsen & Toubro (L&T), an Indian multinational that specializes in EPC projects, hi-tech manufacturing, and services, has signed a binding agreement with McPhy Energy, a leading electrolyzer technology and manufacturing company based in France. The agreement establishes a long-term partnership between the two companies to explore opportunities in the emerging green hydrogen market. Specifically, L&T and McPhy Energy will collaborate on electrolyzer manufacturing, which is a key technology for the production of green hydrogen.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
As part of the partnership, McPhy Energy has granted L&T an exclusive license to use its pressurized alkaline electrolyzer technology for manufacturing electrolyzers, including future upgrades. L&T plans to establish a large-scale manufacturing facility in India for electrolyzers based on McPhy’s technology. The facility will produce electrolyzers for both domestic and international markets. This partnership is in line with L&T’s strategy to expand its presence in the green energy value chain and supports McPhy’s goal of expanding beyond Europe. According to estimates, India’s green hydrogen production capacity is expected to increase to at least 5 MMTPA by 2030, which will require investments of more than $100 billion.
Important takeaways for all competitive exams:
You may also read this:
Partition Horrors Remembrance Day 2026 observed, which is also called Vibhajan Vibhishika Smriti Diwas, is…
India will celebrate the its 80th Independence Day on Saturday, August 15th, 2026, marking the…
The Civil Disobedience Movement (1930-1934) is one of the biggest mass movements of the Indian…
The Lahore Session of the Indian National Congress in 1929 was the turning point of…
In the international field hockey one of the most important competition is the Men’s FIH…
The 2026 Barclays Private Clients Hurun India Most Valuable Family Business List reveals the scale…