Indian Oil Corporation Ltd (IOCL), a major state-owned oil company, has delivered a state-of-the-art green hydrogen fuel cell bus to the Indian Navy. This initiative is part of IOCL’s efforts to promote hydrogen and fuel cell technology for heavy-duty electric mobility.
The collaboration between IOCL and the Indian Navy was formalized with the signing of a Memorandum of Understanding (MoU). The signing ceremony took place in the presence of key figures, including Admiral Dinesh K Tripathi, Chief of Naval Staff, and S M Vaidya, Chairman of Indian Oil.
The MoU was exchanged between Vice Admiral Deepak Kapoor, Controller of Logistics, Indian Navy, and Dr. Kannan Chandrasekaran, Executive Director, Indian Oil, at Nau Sena Bhawan in New Delhi.
Admiral Dinesh K Tripathi expressed his excitement about the partnership, highlighting the strong bond of trust between Indian Oil and the Indian Navy. He mentioned that the Navy would be testing one of the hydrogen buses and plans to deploy more environment-friendly transportation in the future. Admiral Tripathi appreciated IndianOil for choosing the Indian Navy as their partner.
S M Vaidya, Chairman of Indian Oil, also shared his enthusiasm for the initiative. He emphasized the significance of this milestone in their pursuit of sustainability and environmental stewardship. Vaidya highlighted IndianOil’s commitment to innovation and green technology and their support for defense forces with forward-looking solutions.
Indian Oil has been operating 15 fuel cell buses in the Delhi-NCR and Gujarat regions, accumulating a total mileage of 300,000 kilometers. Each bus is expected to run at least 20,000 kilometers. This experience positions IndianOil as a leader in advancing green hydrogen and fuel cell technologies.
The collaboration aims to position the Indian Navy as a pioneer in evaluating fuel cell technology. The project will assess the performance of fuel-cell electric buses in the demanding climatic conditions of the Delhi NCR region. It will analyze the impact of local fuel and air quality on the performance of fuel-cell systems and vehicles.
In addition, the project will evaluate the effectiveness, longevity, and operational reliability of fuel cell buses for public fleet use.
Recently, the rating agency Moody’s affirmed a stable outlook for state-owned oil companies, including Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Limited (BPCL). Moody’s recognized IOCL’s strong balance sheet and its status as India’s largest refining and marketing company.
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Indian Oil Corporation Ltd (IOCL) is a leading company specializing in oil refining, marketing, and distribution of petroleum products, petrochemicals, and natural gas. The company is listed on Indian stock exchanges and, as of June 30, 2024, was 51.5% owned by the Indian government.
This collaboration between Indian Oil and the Indian Navy marks a significant step towards promoting green hydrogen fuel cell technology in heavy-duty e-mobility. It highlights the commitment of both entities to sustainability, innovation, and environmental stewardship.
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