Archive · 13 Aug 2025
Thermax Partners with HydrogenPro for Green Hydrogen Tech in India
Thermax, an Indian company, is teaming up with HydrogenPro to make green hydrogen technology.
HydrogenPro will give Thermax the key parts called 'stacks' that split water into hydrogen and oxygen.
Thermax will build other parts needed to use these stacks and has the only rights to sell in India.
This is good news because a previous deal fell through, and now Thermax can offer these solutions to the Indian market.
The company expects to make money from this partnership starting in 2027.
Thermax has partnered with HydrogenPro ASA for green hydrogen technology.
HydrogenPro will supply stacks, including upgrades and support, to Thermax.
Thermax has exclusive rights for the Indian market.
Thermax will manufacture electrolyser components and integrate them with the stacks.
The company anticipates revenue from this partnership by 2027.
- Who
- Thermax and HydrogenPro ASA.
- What
- Thermax entered a technology licensing agreement with HydrogenPro for green hydrogen.
- When
- The agreement was recently announced.
- Where
- India.
- Why
- To deploy alkaline-based electrolyser solutions and capitalize on market opportunities.
- Partnership
- Thermax and HydrogenPro ASA
- Technology
- Green Hydrogen Electrolyser
- Market Rights
- Exclusive to India
- Revenue Expectation
- From fiscal year 2027
- Thermax Commitment
- ₹100 crore internally
- Stock Performance
- Up 0.6% on Tuesday, down 16% in 2025