New Delhi, Feb 21 :Adani group on Monday said it has signed a non-binding MoU with Ballard Power Systems to evaluate a joint investment case for the commercialization of hydrogen 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 announced that it 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 (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,” the business group said in a statement. Vneet S Jaain, Director, Adani New Industries Limited (ANIL) said that green hydrogen is the fuel of the future and fuel cells will be a game-changer in India’s energy transition. “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,” Jaain said in a statement.(UNI)