Norwegian clean-tech company TECO 2030 and Indian firm Advait Infratech Limited have partnered to expand fuel cell technology in India. TECO 2030 produces zero-emission hydrogen fuel cell stacks and modules for maritime and heavy industries, and Advait Infratech focuses on power infrastructure and green energy markets.
The two companies formalized the partnership through a Memorandum of Understanding (MOU). Under this agreement, AIL and TECO 2030 intend to establish a joint venture in India, with AlL owning the majority shareholding. The joint venture will develop, manufacture, and commercialise TECO 2030 fuel cell technology within the SAARC (South Asian Association for Regional Cooperation) member countries (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka).
Earlier this year, Advait Infratech won 100 MW with an incentive allocation of INR 1.48 billion ($17.87 million) in Solar Energy Corp. of India’s (SECI) auction for setting up 1.5 GW of electrolyser manufacturing capacities across India. The capacity was tendered under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program.
Advait Infratech has also signed an MoU with GuoFu Hydrogen Energy Equipment, a Chinese manufacturer specialising in hydrogen energy equipment and related products. It has also tied up with Carbon Technology Energy (CTE), a German company, to create a prototype fuel cell. The partnership will leverage CTE’s extensive expertise in developing carbon-based plate solutions and AIL’s skills in detailed designs and specifications for fuel cells and electrolysers with a focus on maximizing the distribution of carbon-based plate stacks.