Advait Energy Transitions Limited (AETL), has signed a Memorandum of Understanding (MoU) with TECO Fuel Cell Technology AS of Norway at the recently held 3rd India–Nordic Summit in Oslo. The agreement was signed by Shalin Sheth, Founder and Managing Director of AETL, and Tore Enger, Executive Chairman of TECO Maritime Group and Chief Executive Officer of TECO Fuel Cell Technology AS. The signing was witnessed by the Prime Minister of India, Shri Narendra Modi, and the Prime Minister of Norway, Jonas Gahr Støre, on the sidelines of the Summit.
The
MoU establishes a framework for hydrogen fuel cell manufacturing in India. Under
the collaboration, TECO Fuel Cell Technology AS and co-development partner AVL
List GmbH of Austria will bring their jointly developed 400 kW hydrogen fuel
cell module, along with a 100 kW hydrogen fuel cell stack, to India for local
manufacture, adaptation, and deployment. The technology is modular and scalable
into multi-megawatt configurations.
The
collaboration targets three application sectors:
-
Stationary power, including data centre systems —
production targeted from Q1 2027.
-
Heavy-duty transport and mobility — production
targeted from Q1 2028.
-
Maritime and shipping — advancing in parallel with
mobility through 2028.
The
manufacturing programme is projected to generate at least 200 direct and
indirect skilled jobs by 2032 across engineering, production, systems
integration, and project execution. The collaboration encompasses knowledge
transfer, joint engineering, testing and validation, and long-term technical cooperation
with AVL List GmbH.
The agreement was signed by Shalin Sheth (right), Founder and Managing Director of AETL, and Tore Enger, Executive Chairman of TECO Maritime Group and Chief Executive Officer of TECO Fuel Cell Technology AS.