Adani, Ballard Power to evaluate investment in hydrogen fuel cell

Adani Group and Ballard Power Systems have come together for the evaluation of a joint investment in hydrogen fuel cell manufacturing in the country. In a statement, the Adani group said that under the memorandum of understanding (MoU) agreement, both the parties will be examining several options for cooperation, which includes a potential collaboration for fuel cell manufacturing in the country. Hydrogen is highly seen as a vital medium for the decarbonisation of energy, mobility, and industry. Adani group is aiming to be among the largest green hydrogen producers around the globe via accelerated investments in renewable energy. The efforts under MoU are to be anchored by Adani New Industries Limited (ANIL). ANIL is an Adani Enterprises subsidiary that focuses on the generation of green hydrogen including green electricity generation, wind turbines, downstream products, and electrolyzers among others. Adani New Industries Limited (ANIL) Director, Vineet S Jaain said that green hydrogen is the future fuel, and fuel cells are going to be a game-changer in the country's energy transition. The company’s ability to establish a world-class green hydrogen value chain will be important to facilitate the energy transition and is excited to partner with the global leader in fuel cell technology- Ballard, for the creation of a shared fuel cell ecosystem in the country. ANIL will be deploying innovative use cases in their businesses along with marine vessels, industrial power, fuel cell trucks, mining equipment, and off-road vehicles. It will shape this industry via this strategic collaboration. Image Source Also read: Adani Group's energy business to be led by Adani New Industries