New Delhi: Gautam Adani-led Adani Group has signed a non-binding Memorandum of Understanding (MoU) with Ballard Power Systems to explore the possibility for commercialisation of hydrogen fuel cells in various mobility and industrial applications in India.
Under the MoU, both the parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India, said a statement from Adani Group.
Hydrogen is increasingly viewed as a critical medium for the decarbonization of energy, industry, and mobility. Adani aims to be one of the largest green hydrogen producers in the world through accelerated investment in renewable energy.
Adani New Industries Limited (ANIL), the newly formed subsidiary of Adani Enterprises will anchor the efforts under the agreement.
“Our…