Advait Energy Transitions Limited has signed a memorandum of understanding (MoU) with TECO Fuel Cell Technology AS to collaborate on hydrogen fuel cell technology for heavy-duty transportation and mobility applications, with targeted production planned from the first quarter of calendar year 2028.
The agreement was signed during the third India–Nordic Summit held in Oslo, Norway, on May 18, 2026.
According to the company, the partnership is aligned with the Government of India’s Atmanirbhar Bharat initiative and the National Green Hydrogen Mission. The collaboration will focus on knowledge transfer and joint engineering aimed at building domestic manufacturing capability in hydrogen fuel cell technology.
Apart from heavy-duty transport and mobility applications, the companies also plan to address stationary power applications, including data centre systems, with targeted production from Q1CY2027. Development for maritime and shipping applications is expected to progress alongside mobility applications through CY2028.
The MoU was signed by Shalin Sheth, promoter and Managing Director of Advait Energy and Tore Enger, Executive Chairman of TECO Maritime Group and Chief Executive Officer of TECO Fuel Cell Technology AS.
The signing ceremony was witnessed by the Prime Minister of India, Narendra Modi, and Prime Minister of Norway, Jonas Gahr Støre on the sidelines of the summit.