The Adani group has announced signing of an MoU with Ballard Power of Canada
"to evaluate a joint investment for the commercialisation of hydrogen fuel cells in
various mobility and industrial applications in India."
“Green hydrogen is the fuel of the future and fuel cells will be a game-changer in India’s energy transition,” said Vneet S Jaain, Director, Adani New Industries Ltd (ANIL).
“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 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,” he said.
“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 decarbonisation goals.” said Randy MacEwen, Ballard’s President & CEO.
Comment
This, like L&T - HydrogenPro, is another 'exploratory' MoU, with very little substance in it. As noted elsewhere in this blog, global manufacturers of fuel cells and electrolysers are extremely busy executing orders and have little time for a distant Indian market.
It is noteworthy that Ballard Power, which is very active on Twitter, has neither tweeted it nor has issued a press release, which indicates that the MoU -- in contrast to the grand quote of Randy MacEwen -- Ballard does not think much of this, at least at this stage.
In contrast, the Adani group has issued a press release, which has resulted in a lot of publicity.
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