Skip to main content

News

Chart Industries, McPhy and Larsen & Toubro expands partnership for H2-related equipment

Chart Industries announced the furthering of its partnerships with McPhy and Larsen & Toubro (L&T), an Indian multinational engaged in EPC projects and Hi-Tech Manufacturing and Services. L&T recently announced their partnership with McPhy for opportunities unfolding in the green H2 market where McPhy has granted an exclusive license of its pressurized alkaline electrolyzer technology to L&T for manufacturing of electrolyzers, including future product upgrades.

L&T plans to set up a gigawatt-scale manufacturing facility for electrolyzers based on McPhy technology compatible with U.S. and other market requirements. Howden has a longstanding relationship with Larsen & Toubro and has a joint fabrication facility in Hazira, India for axial fans and hair-pin heaters.

Additionally, Chart has a commercial memorandum of understanding already established with McPhy to collaborate on H2 opportunities as well as work to scale up projects for H2 production, storage, transport and fueling in all addressable regions. Via the Chart commercial agreement with McPhy, Chart will provide H2-related processes and equipment into these applications including H2 compression and H2 liquefaction.

Chart’s H2 equipment capabilities, including compression via the Howden acquisition, combined with McPhy’s expertise in the design and manufacturing of electrolysis plants, and Larsen & Toubro’s strong local EPC presence, will allow for further penetration into the Indian market, helping to ramp up the H2 economy in India and support the decarbonization of the country.

“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 H2 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 H2 for which Chart has a broad offering, including H2 process, storage and transport and now, via Howden, compression, said Jill Evanko, Chart’s CEO. “We are excited to build upon our multiyear collaborations in the industry to be the provider of H2 equipment to McPhy and L&T.”