Advait Infratech Limited has announced that its wholly owned subsidiary, Advait Energy Holdings AS, has made an additional investment in Norwegian clean-tech company, TECO 2030 AS. Following this second tranche of investment, Advait Energy Holdings AS now holds a 4.89% stake in TECO 2030.
The investment stems from a strategic Memorandum of Understanding (MoU) signed between the two companies on April 11, 2024. The partnership aims to leverage their combined expertise to promote clean energy initiatives, particularly focusing on the development, manufacturing, and commercialization of TECO 2030’s fuel cell technology in the Indian and SRAAC markets.
This move is in line with Advait Infratech’s ongoing commitment to advancing sustainable technologies and strengthening green energy partnerships.
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