India's Adani partners with Leyland, Ballard to make hydrogen fueled electric truck

Ballard Power Systems

17/01/2023 14:41

Jan 17 (Reuters) - India's Adani Enterprises Limited
(AEL)  ADEL.NS  said on Tuesday that it has signed an agreement
with Ashok Leyland  ASOK.NS  and Canada's Ballard Power
 BLDP.TO  to launch a pilot project to develop a hydrogen fuel
cell electric truck (FCET) for mining logistics and
transportation.
    The project led by Adani, will have Ballard supply the fuel
cell engine, while Indian truck maker Ashok Leyland will provide
vehicle and technical support for the project. 
    The FCET is scheduled to be launched in India in 2023, the
flagship company of Adani Group said in a release. 
    Hydrogen, made by splitting water with an electrical process
called electrolysis, can be used as a fuel. If the devices that
do that, electrolysers, are powered by renewable energy, the
product is called green hydrogen.
    In the next ten years, the Adani Group – led by Asia's
richest man Gautam Adani – has plans to invest more than $50
billion in green hydrogen and associated ecosystems for a
capacity of up to 3 million tons of green hydrogen annually, AEL
said. 
    The Indian government had recently approved an incentive
plan of 174.9 billion rupees ($2.11 billion) to promote green
hydrogen and had set green hydrogen consumption targets for some
industries earlier this month. 
    Indian companies such as Reliance Industries  RELI.NS ,
Indian Oil  IOC.NS , NTPC  NTPC.NS , Adani, JSW Energy
 JSWE.NS , ReNew Power  RENE.BO  and Acme Solar  ACMO.NS  have
big plans for green hydrogen.
    Adani has a tie-up with French energy company TotalEnergies
 TTEF.PA  as part of a deal to form a new green hydrogen project
in India.
    India plans to go net zero carbon emissions by 2070. 
 (Reporting by Biplob Kumar Das in Bengaluru; Editing by
Shailesh Kuber)
 ((Biplobkumar.das@thomsonreuters.com; 9101861583;))