L&T signs agreement with France's McPhy for electrolyser technology

Second JV with electrolyser maker; partnership to explore opportunities in green hydrogen market

Manufacturing major Larsen & Toubro (L&T) has signed an agreement with McPhy, a France-based electrolyser technology and manufacturing company, for building a “gigawatt (Gw) scale” manufacturing facility for electrolysers and tapping into the green hydrogen ecosystem in the country.

Speaking with Business Standard, Subramanian Sarma, whole-time director (energy), L&T, said the company is aiming at both green hydrogen and electrolyser sales through this partnership.

“We are looking at the value of green energy in the country and naturally we have started with manufacturing. We have identified electrolysers as a key value proposition,” said Sarma.

Under this partnership, McPhy will grant