New Student Offer Use Code - HELLO

Join Here

L&T Collaborates with McPhy for Eectrolyser Technology

Published on March 23, 2023

Current Context: McPhy is a France based company. McPhy will grant a license to L&T for its alkaline electrolyser technology to manufacture electrolysers by L&T.

L&T Collaborates with McPhy for Eectrolyser Technology
  • Larsen & Toubro (L&T) mentioned that it has entered into a binding partnership with France’s electrolyser manufacturer, McPhy Energy. It will be a long-term partnership to explore the green hydrogen market.
  • L&T will set up a manufacturing facility of a scale of Giga watt for electrolysers with McPhy technology in India. It will serve the domestic requirements as well as increase exports.
  • McPhy’s aim to expand beyond the European market and L&T will discover the green hydrogen market.
  • The energy industry is changing with green hydrogen as a key fuel for the future replacing the non renewable. Subramanian Sarma is the director of L&T.
  • Green hydrogen production capacity in India is estimated to grow to at least 5 MMTPA by 2030 under the nation’s Green Hydrogen Mission.For achieving this, investments upward of $100 billion will be done.

Question :

Q.1  L&T collaborates with ______ for electrolyser technology
a. McPhy
b. Rodeo
c. Pfizer
d. Us company
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu