PR Newswire
09 Dec 2022, 14:37 GMT+10
![]() |
Highlights
MELBOURNE, Australia, Dec. 9, 2022 /PRNewswire/ -- Cavendish Renewable Technology Pty Ltd ("CRT") is pleased to announce the signing of a Technology Development and Licensing Agreement with Adani New Industries Limited (ANIL), which is part of the Adani Group. The agreement includes infrastructure costs for further development of intellectual property, licence fees and royalties on successful commercialisation of CRT's state-of-the-art electrolyser technologies.
CRT will now be able to accelerate its research activities to shorten the commercialisation pathway leading to near term revenue generation, in a hydrogen electrolyser market that the company views as grossly underserviced in the APAC region.
Adani New Industries Limited has selected CRT as a technology partner for developing Green Hydrogen Electrolyser Technologies to meet increasing demand in India and the Middle East North Africa region. It covers the development of Alkaline Electrolysers (AEL), Polymer Exchange Membrane (PEM), Anion Exchange Membranes (AEM), and CRT's innovative 'C Cell' technology for mass-scale production.
Cavendish Renewable Technology Chief Executive Officer, Dr. Ani Kulkarni commented on the Agreement:
"It is going to be a golden era for hydrogen over the next decade, and CRT is excited to receive such a significant contract from Adani; we believe this contract would underpin clean technology collaborations between two key economies in the APAC region."
"It is a great international endorsement of the activities of CRT's experienced team which consists of industry experts with core hydrogen research backgrounds in addition to significant engineering and capital market experience."
About Adani New Industries Limited
Adani New Industries Limited is the manufacturing and green hydrogen platform of the Adani Group. It is focused on the production of green hydrogen and its derivatives, and the manufacturing of critical equipment for energy transition, including solar panels, wind turbines and electrolysers. Adani New Industries Limited is setting up a state-of-the-art vertically integrated 5 GW electrolyser manufacturing plant in India. Its Electrolyser Gigafactory is an important element in the plan of Adani Group to invest USD $70 billion by 2030 in green technologies and projects.
About CRT & the Agreement
CRT is a Melbourne based innovative hydrogen technology company specialising in state-of-the-art electrolysers. CRT's PEM and AEL electrolyser stack designs are simple, scalable and tailored for mass production with reduced time and cost of machining. CRT has also developed a proprietary low-cost electrode fabrication process for catalyst-coated substrates, which is suitable for manufacturing at scale with established industrial processes.
CRT is also focusing on next generation AEM and its proprietary C-Cell electrolysers. For its AEM technology, CRT has designed new iridium-free catalysts suitable for volume productions to meet future demands. CRT has already built a prototype AEM stack and blueprinting mass production.
CRT's "C-Cell" is an early-stage yet ground-breaking approach with the potential to improve the efficiency of alkaline water electrolysis. Using a combination of powdered metallurgy techniques and catalyst coating methods, the C-Cell design eliminates the need for intricate machining.
CRT plans to establish a pilot manufacturing plant in early 2024 for AEM electrolyser production.
For more information please visit: https://cavendishrenewable.com.au
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationISLAMABAD, Pakistan - Bilawal Bhutto Zardari, Pakistan Peoples Party (PPP) Chairman and Foreign Minister, said Saturday that Pakistan Tehreek-e-Insaf (PTI) ...
KAREN STATE, Myanmar - According to local sources and media reports, several junta offices in Karen State's Payathonzu town burned ...
KATHMANDU, Nepal - The search for one of the 72 people killed in the Pokhara plane crash is continuing, according ...
DHAKA, Bangladesh - On Friday, authorities claimed to have apprehended a top leader of the banned militant group Harkat-ul-Jihad-al Islami ...
DHAKA, Bangladesh - The United States Agency for International Development (USAID) is committing an additional $75 million in humanitarian aid ...
KATHMANDU, Nepal - On Tuesday, a 37-year-old man died after setting himself on fire in front of the Parliament building ...
NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
SEOUL, South Korea: South Korean officials have said that the government will double energy vouchers and provide discounts on gas ...
WASHINGTON D.C.: The Wall Street Journal has reported that e-cigarette maker Juul and three tobacco giants are negotiating potential sale, ...
AUSTIN, Texas: Tesla gas announced an investment of more than $3.6 billion to expand its Nevada Gigafactory complex with the ...
WASHINGTON D.C.: US Senate Energy and Natural Resources Committee chair Joe Manchin has introduced legislation that imposes battery sourcing requirements ...