GAIL (India) and Accelera by Cummins have signed a Memorandum of Understanding (MoU) to collaborate broadly in sustainable, green energy and energy transition technologies in India. The collaboration will leverage Accelera's expertise in New Energy businesses and the company's established Natural Gas infrastructure to explore opportunities in new energy businesses such as hydrogen production, blending, transportation and storage. The company has already advanced its Scope 1 and Scope 2 “Net Zero” Targets from 2040 to 2035.
The MOU will help in exploring opportunities in areas such as application and adoption of hydrogen in various sectors such as transport, power, steel and other industry as mono fuel or dual feed such as LNG / Hydrogen/ CNG and blends, blending of hydrogen in natural gas pipeline, Infrastructure, production, transportation and storage of hydrogen
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
| Company Name | CMP |
|---|---|
| GAIL India | 170.35 |
| Gujarat Energy | 388.95 |
| Indraprastha Gas | 163.40 |
| Mahanagar Gas | 1094.25 |
| Adani Total Gas | 728.25 |
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