Adani Group Signs Agreement with Australia's CRT for Electrolyser Technologies

Australia-based Cavendish Renewable Technology (CRT) has announced the signing of a Technology Development and Licensing Agreement with Adani New Industries Limited (ANIL). ANIL is owned by the Adani Group.

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The official statement by CRT held that the agreement includes infrastructure costs for further development of intellectual property, licence fees and royalties on successful commercialisation of electrolyser technologies of CRT.

CRT said that it will now be able to accelerate its research activities to shorten the commercialisation pathway leading to near term revenue generation, in a hydrogen electrolyser market that the company views as grossly underserviced in the APAC region.

Adani New Industries has selected CRT as a technology partner for developing Green Hydrogen Electrolyser Technologies to meet increasing demand in India and the Middle East North Africa (MENA) region. It 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.

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Dr. Ani Kulkarni, CEO, CRT, said, "It is going to be a golden era for hydrogen over the next decade, and CRT is excited to receive such a significant contract from Adani; we believe this contract would underpin clean technology collaborations between two key economies in the APAC region."

"It is a great international endorsement of the activities of CRT's experienced team which consists of industry experts with core hydrogen research backgrounds in addition to significant engineering and capital market experience," added the CEO of Melbourne based innovative hydrogen technology company.

ANIL is the manufacturing and green hydrogen platform of the Adani Group that focuses 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 GW electrolyser manufacturing plant in India. Its Electrolyser Gigafactory is an important element in the plan of Adani Group to invest $70 billion by 2030 in green technologies and projects.