MoU19 May 2026, 01:59 pm
Advait Energy Transitions signs MoU with TECO Fuel Cell
AI Summary
Advait Energy Transitions Ltd has signed a Memorandum of Understanding (MoU) with TECO Fuel Cell Technology AS, Norway, during the 3rd India-Nordic Summit in Oslo on May 18, 2026. The MoU, witnessed by the Prime Ministers of India and Norway, aims to enable domestic manufacturing capability in hydrogen fuel cell technology through knowledge transfer and joint engineering. The collaboration targets stationary power, heavy-duty transport, and maritime applications, with production expected from Q1 CY2027 and Q1 CY2028.
Key Highlights
- Advait Energy Transitions signs MoU with TECO Fuel Cell Technology AS.
- MoU aims for domestic manufacturing of hydrogen fuel cells.
- Collaboration targets stationary power and transport sectors.
- Production targeted from Q1 CY2027 for stationary power applications.
- MoU aligns with India's 'Atmanirbhar Bharat' and Green Hydrogen Mission.