Larsen & Toubro ("L&T"), an Indian multinational engaged in EPC Projects and Hi-Tech Manufacturing and Services, and McPhy Energy, SA ("McPhy"), a leading electrolyzer technology and manufacturing company, have both expanded their partnerships with Chart Industries, a leading global engineering design and manufacturer of highly engineered equipment serving multiple applications in the clean energy and industrial gas markets. Recently, L&T established a cooperation with McPhy to take advantage of prospects in the green hydrogen industry. McPhy has given L&T an exclusive licence to manufacture electrolyzers, including any future product updates, using its pressurised alkaline electrolyzer technology. In order to meet the demands of the U.S. and other markets, L&T intends to build an electrolyzer manufacturing facility on a gigawatt scale using McPhy technology.

 

Longtime partners Howden and Larsen & Toubro have a joint fabrication plant for axial fans and hair-pin heaters in Hazira, India. Moreover, Chart and McPhy have previously signed a commercial memorandum of understanding ("MOU") to work together on hydrogen potential and to scale up projects for hydrogen generation, storage, transportation, and fueling in all relevant regions. With the commercial partnership between Chart and McPhy, Chart will supply these applications with hydrogen-related machinery and processes, such as hydrogen compression and hydrogen liquefaction.

 

With the help of McPhy's expertise in the design and manufacture of electrolysis plants, Larsen & Toubro's robust local EPC presence, and Chart's hydrogen equipment capabilities, including compression via the Howden acquisition, the Indian hydrogen economy will be boosted, supporting the decarbonization of the nation.

 

“We are very pleased to see the establishment of a three-way partnership which reinforces our collaboration with Chart Industries. Chart Industries and L&T occupy leading positions in two of the largest markets in the world. This alliance is a great way to leverage our respective expertise in the hydrogen market, which is starting to structure itself on a global scale,” said Jean-Baptiste Lucas, CEO of McPhy.

 

“Our expanded partnership with McPhy and L&T demonstrates the extensive global opportunity in both liquid and gaseous hydrogen for which Chart has a broad offering, including hydrogen process, storage and transport and now, via Howden, compression," stated Jill Evanko, Chart’s CEO. “We are excited to build upon our multiyear collaborations in the industry to be the provider of hydrogen equipment to McPhy and L&T.”