Ballard Power Systems announced that it has signed a non-binding Memorandum of Understanding with the Adani Group to evaluate a joint investment case for the commercialization of fuel cells in various mobility and industrial applications in India. Under the MOU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India.Hydrogen is increasingly viewed as a critical medium for the decarbonization of energy, industry, and mobility. Adani Group aims to be one of the largest green hydrogen producers in the world through accelerated investment in renewable energy. Efforts under this MOU will be anchored by Adani New Industries Limited, 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.Adani Group, founded in 1988, is the largest and fastest-growing portfolio of diversified businesses in India, with a current market capitalization of approximately USD 150 billion, comprising of seven publicly listed companies with businesses spanning power generation and distribution, renewable energy, gas and infrastructure, logistics (seaport, airports, shipping, and rail), mining and resources, and other sectors. Adani Group is the largest solar power developer in the world and has a goal to be the world's largest renewable energy company by 2030. Adani Group has committed to investing USD 70 billion in solar, wind and hydrogen value chains over the next decade as part of its commitment to global action on climate change.Ballard Power Systems' vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks.
Ballard Power Systems announced that it has signed a non-binding Memorandum of Understanding with the Adani Group to evaluate a joint investment case for the commercialization of fuel cells in various mobility and industrial applications in India. Under the MOU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India.Hydrogen is increasingly viewed as a critical medium for the decarbonization of energy, industry, and mobility. Adani Group aims to be one of the largest green hydrogen producers in the world through accelerated investment in renewable energy. Efforts under this MOU will be anchored by Adani New Industries Limited, 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.Adani Group, founded in 1988, is the largest and fastest-growing portfolio of diversified businesses in India, with a current market capitalization of approximately USD 150 billion, comprising of seven publicly listed companies with businesses spanning power generation and distribution, renewable energy, gas and infrastructure, logistics (seaport, airports, shipping, and rail), mining and resources, and other sectors. Adani Group is the largest solar power developer in the world and has a goal to be the world's largest renewable energy company by 2030. Adani Group has committed to investing USD 70 billion in solar, wind and hydrogen value chains over the next decade as part of its commitment to global action on climate change.Ballard Power Systems' vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks.
