Ballard Power Systems has signed a MoU with Adani, a major player with headquarters in India. The two companies will be evaluating possible cooperation in the development and commercialization of hydrogen fuel cells in the Asian country. Adani Group, founded in 1988, is the largest and fastest-growing portfolio of diversified businesses in India, 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 has a goal to be the world’s largest renewable energy company by 2030.
Ballard in India: focus on hydrogen generation and development
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.
Ballard Power Systems has recently announced relevant agreements with Forsee Power and Mahle. Also, together with Chart Industries, the Canadian company has been carrying out tests on the use of liquid hydrogen, instead of gaseous one, especially for heavy-duty mobility applications.
Statements from Ballard and Adani
«Green hydrogen is the fuel of the future and fuel cells will be a game-changer in India’s energy transition», stated Mr. Vneet S Jaain, Director, Adani New Industries Limited. «Our ability to build a world-class green hydrogen value chain will be critical in facilitating the energy transition and we are excited to partner with Ballard, a global leader in fuel cell technology, to create a shared fuel cell ecosystem in India. We will be deploying innovative use cases across our businesses with fuel cell trucks, mining equipment, marine vessels, off-road vehicles, and critical industrial power. We will shape the industry through this strategic collaboration».
«We are excited to partner with Adani given Mr. Gautam Adani’s inspiring leadership and the highly complementary assets across the group portfolio», added Randy MacEwen, Ballard’s President & CEO. «India represents a new growth opportunity for Ballard and we look forward to working with the Adani Group to support and accelerate their energy transition and decarbonization goals».