Monday, 11 March 2013

Tata Power looks for fuel cell technology partners

Tata PowerBSE 2.28 % is scouting for partners to pursue opportunities in the area of fuel cell technologies, as part of efforts to strengthen its presence in clean energy space.

Fuel cells run on variety of fuels such as hydrogen, methanol and ethanol, and are also seen as a replacement for diesel generator sets.

Tata Power, which has an installed generation capacity of about 8,500 MW, including 852 MW from renewable energy sources, said it is actively looking for fuel cell technology partners to pursue opportunities in the Indian market.

"Tata Power is working on putting together a workable business model in place to seek technology partners for fuel cells," it said in a statement.

These cells are considered as highly efficient and a good source of clean energy.

According to the company, using hydrogen directly for fuel cells is a challenge since it involves cost and safety issues, among others.

Besides, the company is evaluating new technology for fly ash utilisation and opportunities in overseas markets are also being explored in this regard.

Sandip Ginodia
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