France’s Technip Energies teamed up with Belgium-based John Cockerill, a designer and electrolyzer manufacturer, to form a company dedicated to integrated green hydrogen and Power-to-X projects, according to a Nov. 30 news release.

Called Rely, the company is an asset light joint venture on a mission to decarbonize hard-to-abate industries.

Utilizing a standardized approach, Rely will offer end-to-end large-scale solutions ranging from pre-final investment decision services—such as technical and financial advisory—to proprietary technologies, project execution and operation and maintenance, the release stated.

Rely was formed as the energy industry works to scale green hydrogen, green ammonia and other sustainable fuels.

“We’re determined to develop a portfolio of technologies that will drive down costs over the long haul. This is just the beginning of the story,” Technip Energies CEO Arnaud Pieton said in the release.

Rely is headquartered in Brussels, Belgium. Technip Energies holds a 60% interest in Rely, while John Cockerill holds 40%.