In a bid to explore the possibility for commercialisation of hydrogen fuel cells in various mobility and industrial applications in India, Gautam Adani-led Adani Group has signed a non-binding Memorandum of Understanding (MoU) with Ballard Power Systems of Canada.
A statement from Adani Group said that under the MoU, both the parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India.
Adani New Industries Limited (ANIL), the newly formed subsidiary of Adani Enterprises will anchor the efforts under the agreement. ANIL will undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries.
Adani Enterprises aims to be one of the largest green hydrogen producers in the world through accelerated investment in renewable energy and produce the cheapest hydrogen.
“Our ability to build a world-class green hydrogen value chain will be critical in facilitating the energy transition and we are excited to partner with Ballard, a global leader in fuel cell technology, to create a shared fuel cell ecosystem in India. We will be deploying innovative use cases across our businesses with fuel cell trucks, mining equipment, marine vessels, off-road vehicles, and critical industrial power. We will shape the industry through this strategic collaboration," said Vneet S. Jaain, Director, Adani New Industries Ltd.
Randy MacEwen, Ballard’s President & CEO said, “India represents a new growth opportunity for Ballard, and we look forward to working with the Adani group to support and accelerate their energy transition and decarbonization goals."
The announcement of the partnership comes just days after the Centre rolled out the first part of the much-anticipated Green Hydrogen Policy.
