BHEL Forges Green Hydrogen Partnership with Hystar AS

BHEL, Hystar AS collaborate on PEM Electrolysers.

Reader Takeaway: BHEL expands green hydrogen tech via Norway partnership; local manufacturing boost.

What just happened

Bharat Heavy Electricals Limited (BHEL) has signed a Strategic Collaboration Agreement (SCA) with Norway-based Hystar AS. The focus is on developing and deploying Proton Exchange Membrane (PEM) Electrolyser systems for green hydrogen projects in India.

Why this matters

This partnership aims to indigenize and locally manufacture PEM electrolyser systems in India. It will strengthen BHEL's project execution capabilities for green hydrogen and support the National Green Hydrogen Mission and the 'Make in India' initiative. This move positions BHEL to cater to India's growing green hydrogen market by offering both PEM and alkaline electrolyser solutions.

The backstory

BHEL is actively building its presence in the green hydrogen sector. In July 2026, the company had already formed a similar strategic tie-up with thyssenkrupp nucera India Private Limited for alkaline electrolyser systems.

What changes now

With this new agreement, BHEL significantly enhances its technological offerings in the green hydrogen space. It becomes one of the few Indian companies capable of providing both types of electrolyser technologies, catering to a wider range of project requirements.

Risks to watch

While the agreement focuses on technology transfer and local manufacturing, the success of the venture will depend on market adoption of green hydrogen, competitive pricing of the electrolysers, and BHEL's ability to effectively scale up production and project execution.

Peer comparison

BHEL is positioning itself as a comprehensive solution provider in the electrolyser segment, differentiating from players focusing on only one technology type.

Context metrics (time-bound)

BHEL entered a tie-up for alkaline electrolyser systems in July 2026.

What to track next

Investors will watch for BHEL's progress in localizing PEM electrolyser technology, securing initial orders, and the overall growth of India's green hydrogen ecosystem.