Thermax Limited, a prominent energy and environment solutions company in India, has signed a significant technology licensing agreement with HydrogenPro ASA, a global leader in green hydrogen technology based in Norway. This partnership marks a major step forward in localizing cutting-edge alkaline water electrolysis technology and expanding India’s green hydrogen capabilities, with direct implications for industrial decarbonization and energy transition.
Key Highlights of Thermax-HydrogenPro Agreement:
Technology License for Gas Separator: Thermax will facilitate the acquisition of a license for HydrogenPro’s advanced gas separator technology, an essential component in electrolysis systems enhancing hydrogen purity and efficiency.
Exclusive Rights in India: Under this agreement, Thermax gains exclusive rights to supply, install, commission, and provide after-sales service for alkaline electrolyser systems based on HydrogenPro’s proprietary technology across the Indian market.
Technology Transfer and Localization: The collaboration includes a comprehensive technology transfer enabling Thermax to engineer, manufacture, and integrate key system components such as electrolyser stacks and balance-of-plant equipment domestically.
Joint Development Initiatives: Both companies will collaborate on the co-development of advanced hydrogen solutions to address evolving market requirements and enhance system performance.
Establishment of Test Facilities: A state-of-the-art short stack test station will be set up at Thermax’s Pune facility to aid in technology validation and innovation efforts.
Deployment Readiness: This licensing deal empowers Thermax to immediately deploy market-ready alkaline electrolysis technology in ongoing and upcoming large-scale green hydrogen projects in India.
Strategic Importance and Industry Context:
HydrogenPro is globally recognized for its world-class alkaline water electrolyser technology optimized for green hydrogen production, enabling low-carbon fuel supply for industrial applications. Their systems meet international standards and feature advanced electrode coatings, resulting in high conversion efficiency.
India’s ambitious renewable energy targets and green hydrogen mission demand localized and scalable hydrogen production solutions. Thermax’s deep engineering expertise, project execution capabilities, and expansive manufacturing footprint provide a solid foundation to deliver integrated, high-performance alkaline electrolyser solutions tailored for Indian industries such as fertilizers, steel, refining, and chemicals.
This partnership aligns with India’s commitment to industrial decarbonization, supporting key sectors in reducing their carbon footprint through green hydrogen use. By combining HydrogenPro’s proven technology with Thermax’s local manufacturing and service infrastructure, the collaboration is set to accelerate the development of India’s green hydrogen ecosystem.
Statements from Leadership:
Ashish Bhandari, Managing Director and CEO of Thermax, stated that this collaboration marks a pivotal expansion in their green hydrogen portfolio. He highlighted the immediate availability of mature alkaline electrolyser technology for deployment, emphasizing the integration of advanced foreign technology with Thermax’s strong domestic execution capabilities. Bhandari reaffirmed Thermax’s commitment to energy transition and industrial sustainability.
Jarle Dragvik, CEO of HydrogenPro, reflected on India’s rapidly growing green hydrogen market driven by renewable energy expansion. He described the partnership as a vital market entry and platform for scalable, sustainable hydrogen solutions to decarbonize hard-to-abate industries. Dragvik expressed optimism about jointly addressing complex challenges through innovative, integrated hydrogen technologies.
Thermax’s Green Hydrogen Offerings:
Beyond licensing alkaline electrolysers, Thermax intends to offer comprehensive services including turnkey project execution on EPC basis and lifecycle value-added services for green hydrogen plants. This end-to-end approach ensures customers receive optimized solutions enhancing plant efficiency and operational reliability.
Broader Impact and Outlook:
This agreement positions Thermax among a select group of Indian companies with access to cutting-edge, internationally validated hydrogen electrolyser technology, strengthening India’s renewable energy infrastructure. It supports the government’s vision of producing 5 million metric tons of green hydrogen by 2030 and builds momentum for energy sector transformation.
The introduction of advanced gas separator and alkaline water electrolysis technological capabilities will make green hydrogen more cost-effective and scalable, paving the way for widespread industrial adoption and environmental benefits. This landmark partnership underlines Thermax’s leadership in driving sustainable energy solutions and India’s advancing clean energy landscape.
Source: HydrogenPro ASA and Thermax Limited official announcements, Reuters, TradingView, Investegate, August 12, 2025.
