L&T bets on energy transition opportunities in times of crisis

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By news.saerio.com


L&T has scaled up its electrolyser technology from 0.5 MW to 4 MW modules

L&T has scaled up its electrolyser technology from 0.5 MW to 4 MW modules

Larsen & Toubro (L&T) is stepping up its push into the global electrolyser market, betting on shifting supply chains and rising demand for green hydrogen to create a new growth engine, even as geopolitical tensions change energy strategies worldwide.

The engineering conglomerate is seeing growing interest from international players for its electrolyser solutions, positioning itself as a competitive alternative to European suppliers amid a broader “China+1” sourcing shift, Deputy Managing Director and President Subramanian Sarma said, while briefing media on the impact of the war in West Asia on L&T’s operations.

He said L&T was looking beyond the crisis and, in that context, its foray into green energy and alternative fuel sources gained significance.

“We are quite seriously working on green hydrogen, electrolysers, and green ammonia. We have made some good progress on what we had announced earlier with Itochu,” he said.

L&T has scaled up its electrolyser technology from 0.5 MW to 4 MW modules, which are currently under testing and will be deployed in its upcoming green hydrogen project at Indian Oil Corporation’s Panipat refinery. The company is also in discussions with global firms for potential exports, with installations likely in regions where renewable power is inexpensive, including West Asia and parts of Asia.

“Global customers are actively evaluating alternative supply sources,” he said, adding that its cost competitiveness could help it gain market share against established European manufacturers.

Ground covered

The company has already made progress on its green ammonia plans, including advancing discussions with partners like Japan’s Itochu towards a definitive offtake agreement.

In parallel, L&T is expanding its renewable footprint globally, including offshore wind projects in Europe and solar and wind opportunities in emerging markets.

To diversify geographically, L&T is looking at Indonesia for solar energy, while it is also supplying modules to Australia. “And one of the biggest breakthroughs we had was in offshore wind in Europe. We have already secured 4 gigawatts of platforms, and we are now very actively engaged with the customer to add additional 4 gigawatts.”

Independently of the current crisis, the company has been looking to move into Africa and is in discussions with some of the international oil companies, he said.

Published on March 22, 2026



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