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The initiative is part of a joint venture between GreenH, a Norwegian company focused on green hydrogen infrastructure, and Luxcara, a Hamburg-based independent asset manager specializing in renewable energy projects across Europe. This landmark project marks a significant step toward achieving Norway's renewable energy ambitions, particularly in the maritime and heavy transport sectors. The facility will provide green hydrogen fuel under a long-term agreement with Torghatten Nord AS, supporting the Vestfjorden ferries'a flagship effort in Norway's maritime energy transformation. Cyient's role encompasses comprehensive owner's engineering and detailed plant engineering services. The company will leverage its deep expertise in renewable energy, including green hydrogen, to optimize project delivery and efficiency throughout the lifecycle of the project. Espen Lied, COO, GreenH, said, 'We are excited to collaborate with Cyient to bring our hydrogen vision to life in Bod'. 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, Cyient Norway, said, '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.' Cyient is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. The company's consolidated net profit fell 16.9% to Rs 122.30 in Q3 FY25 as against Rs 147.20 crore posted in Q3 FY24. However, net sales rose 5.8% YoY to Rs 1,926.40 crore in Q3 FY25. Shares of Cyient shed 0.26% to settle at Rs 1,144.95 on 11 April 2025. The Indian stock market is closed today, 14 April 2025, on account of Ambedkar Jayanti. Powered by Capital Market - Live News |