Adani Group and Ballard Power Systems have joined hands to evaluate a joint investment in hydrogen fuel cells manufacturing in India.
Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India, Adani group said in a statement.
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.
Efforts under the MoU will be anchored by Adani New Industries Limited (ANIL), the newly formed subsidiary of Adani Enterprises, focused on generation of green hydrogen, including downstream products, green electricity generation, manufacture of electrolyzers and wind turbines, among others, it stated.
