Adani partners with Ballard, Ashok Leyland for production of fuel-cell trucks

Adani Enterprises Ltd has reached an agreement with Ashok Leyland and Canadian fuel cell manufacturer, Ballard Power, to manufacture trucks that will purely operate on hydrogen fuel cells. These trucks will replace the existing oil dependent trucks in a bid to reduce net carbon emissions through mining and transportation logistics. This deal is part of India’s much larger vision of becoming a net zero-carbon nation by 2070. Needless to say, Adani group is one of the biggest patrons for the cause.

 

As part of this agreement, Ashok Leyland will offer vehicle and technical support while Ballard will supply FCMOVE fuel cell engines. The fuel-cell electric trucks (FCETs) are expected to hit the Indian roads in the current year itself, with a weight of 55 tons and a capacity of 3 hydrogen tanks that produce 120 KW of power. This will effectively enable a 200-km driving range. 

 

On top of achieving sustainable development, these electric trucks also incentivize green energy as the pressing need of the hour. Pushing the implementation early will necessitate other companies to also opt for long-term sustainable solutions for their transport and logistics operations.

 

The Adani Group has also tied up with French energy company TotalEnergies to implement novel green hydrogen projects in India. Beside this, a plethora of MNCs including Reliance Industries, Indian Oil and JSW Energy are syndicating visions for a green India through plans for huge investment. Adani group has committed investments of over $70 billion to green energy in the next decade.
 

Related Blogs
blog-logo

Share Market

blog-logo

8 mins read . 19 Jul 2024

Stock Market Trading Time in India

  • 0 people read
blog-logo

Share Market

blog-logo

11 mins read . 19 Jul 2024

How To Trade in T2T Stocks

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions