Adani and Ballard sign MoU to explore investment inhydrogen fuel cell

Adani Group and Ballard Power Systems have signed a memorandum of understanding (MoU) to evaluate a joint investment in hydrogen fuel cells manufacturing in India.

Under the MoU, both the companies will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India. Efforts under the MoU will be anchored by Adani New Industries Limited (ANIL) and it will be focused on generation of green hydrogen, including downstream products, green electricity generation, manufacture of electrolysers and wind turbines, among others.

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