BHEL Signs Strategic Agreement with Hystar AS for PEM Electrolyser Systems in Green Hydrogen Projects
Bharat Heavy Electricals Limited (BHEL) has entered into a Strategic Collaboration Agreement (SCA) with M/s Hystar AS, Norway. The agreement focuses on supplying and developing PEM Electrolyser Systems specifically for the growing green hydrogen projects market. This move strengthens BHEL’s capabilities in this advanced segment of the clean energy sector.The collaboration involves a strategic tie-up aimed at powering the nascent green hydrogen industry in India. Details regarding the partnership, including the area and scope of the agreement, have been outlined by BHEL.
A key objective of this SCA is to enable the phased indigenization and local manufacturing of PEM electrolyser systems within India. This collaboration significantly enhances BHEL's existing portfolio in the clean energy domain. Furthermore, it strengthens the company's project execution capabilities for green hydrogen initiatives across the nation.
BHEL stated that this partnership with Hystar AS further boosts its position among Indian companies capable of providing both alkaline and PEM electrolyser solutions to address the country’s emerging green hydrogen market needs. This venture is expected to enhance BHEL's contribution toward the National Green Hydrogen Mission and support India's Make in India initiative.
Details of the partnership are as follows:
| Detail | Specification |
|---|---|
| Partnering Entity | Hystar AS, Norway |
| Area of Agreement | PEM Electrolyser System |
| Scope of Business Operation | Strategic Tie-Up for PEM Electrolyser systems for green hydrogen projects |
| Nature of Collaboration | International |
| Consideration | CONFIDENTIAL |
The strategic tie-up complements BHEL's existing collaboration with thyssenkrupp nucera India Private Limited concerning alkaline electrolyser systems, which was established in July 2026.
BHEL Stock Price Movement
Bharat Heavy Electricals Limited shed value in the post-market session, with shares settling at ₹413.20 after declining by 1.62% today. The stock movement occurred against a backdrop of heavy activity, as over 4.36 million shares were traded during the day's sessions.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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