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Australia-based Cavendish Renewable Technology has signed a technology development and Licensing Agreement with Adani New Industries Limited (ANIL), which is part of the Indian conglomerate Adani Group.
“The agreement includes infrastructure costs for further development of intellectual property, licence fees and royalties on successful commercialisation of CRT's electrolyser technologies. CRT will now be able to accelerate its research activities to shorten the commercialisation pathway leading to near term revenue generation,” Cavendish said in a press statement.
The agreement covers the development of Alkaline Electrolysers (AEL), Polymer Exchange Membrane (PEM), Anion Exchange Membranes (AEM), and CRT's 'C Cell' technology for mass-scale production to meet the increasing demand in India and the Middle East North Africa region, the statement said.
"It is going to be a golden era for hydrogen over the next decade”, Ani Kulkarni, Chief Executive Officer, Cavendish Renewable Technology said.
ANIL is the manufacturing and green hydrogen platform of the Adani Group. It is focused on the production of green hydrogen and its derivatives, and the manufacturing of critical equipment for energy transition, including solar panels, wind turbines and electrolysers.
The company is setting up a vertically integrated 5-gigawatt electrolyser manufacturing plant in India as part of its plan to invest $70 billion by 2030 in green technologies and projects.
CRT is a Melbourne based hydrogen technology company specialising in electrolysers. Its portfolio includes PEM (Polymer electrolyte membrane) and AEL (Alkaline) electrolysers, next generation AEM (anion-exchange membrane) and its proprietary C-Cell electrolysers which is at an early development stage with the potential to improve the efficiency of alkaline water electrolysis.
CRT plans to establish a pilot manufacturing plant in early 2024 for AEM electrolyser production.
(Writing by Sowmya Sundar; Editing by Anoop Menon)
