Cyient Ltd., a global engineering company, has entered into a strategic partnership with GreenH and Luxcara to support a hydrogen project in Bodø, Norway. This partnership is a significant step in promoting green energy, especially in the maritime and heavy transport sectors.
The project involves building a hydrogen production and distribution facility in Langstranda, Bodø. It’s a joint effort between GreenH, which specialises in green hydrogen infrastructure and Luxcara, a German asset management firm that invests in renewable energy across Europe. The facility will supply hydrogen fuel under a long-term deal with Torghatten Nord AS, which will be used by ferries operating in the Vestfjorden area.
Cyient will play a crucial role in the project by offering core engineering services such as owner’s engineering support and the detailed design of the hydrogen facility. With its strong background in renewable energy, Cyient aims to streamline the project’s execution and boost efficiency throughout its entire development and operational phases.
Espen Lied, COO of GreenH, stated, “We are excited to collaborate with Cyient to bring our hydrogen vision to life in Bodø. With Cyient’s expertise, we’ll complete the detailed engineering of our hydrogen plant and provide the basis for procurement, construction, and installation of our first facility for production and direct bunkering of green hydrogen.”
Espen Berg, Managing Director of Cyient Norway, expressed, “Green or clean hydrogen is a game-changer in the world’s energy transition to sustainable fuels, and it is considered an efficient energy carrier. We are extremely proud and happy to have received our large order for the engineering delivery of the world’s first-of-its-kind green hydrogen production for maritime transport. Based on our strong track record of implementing an efficient and cost-effective balance of plant design on all projects that we have executed, we are confident that we can assist GreenH and Luxcara to make this prestigious hydrogen project a great success.”
Founded in 1991, Cyient offers smart engineering solutions to over 300 global clients, including many leading innovators. The company focuses on inclusive growth, social responsibility and environmental sustainability.
A Norwegian company developing hydrogen infrastructure using renewable energy. It plans to set up hydrogen production hubs close to end users to cut transport costs and emissions. GreenH manages the Bodø project with co-investor Luxcara.
A Hamburg-based independent asset manager investing in clean energy infrastructure. Luxcara specialises in long-term, sustainable projects with a strong presence across Europe. It’s known for backing projects with long-term power purchase agreements since 2009.
As of April 15, 2025, at 11:15 AM, Cyient Limited Share Price is trading at ₹1,179.50 per share, up 3.09% from the previous closing price. Over the past month, the stock has registered a loss of 2.04%. The stock’s 52-week high stands at ₹2,157.45 per share, while its low is ₹1,084.05 per share.
This project highlights a major move toward cleaner energy in Europe, with Cyient playing a central role in making hydrogen fuel more accessible.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 15, 2025, 3:16 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
