Accelera by Cummins posts $155m loss despite 7% sales growth
“Costs associated with the development of electric powertrains, fuel cells and electrolysers, as well as products to support battery electric vehicles, are contributing to EBITDA losses.”
“Costs associated with the development of electric powertrains, fuel cells and electrolysers, as well as products to support battery electric vehicles, are contributing to EBITDA losses.”
Having secured a combined $94m in US federal funding to develop the factory, the company has confirmed it will be able to “preserve” the funding despite the delayed FID.
The Exeter Port Authority has trialled a hydrogen-electric workboat designed and manufactured by Ecomar Propulsion.
The Chemours Company has confirmed to H2 View that it has put a $200m expansion of its fuel cell and electrolyser membrane manufacturing on hold as part of its reduction in hydrogen investments.
NFI Group’s New Flyer has doubled its initial order of Ballard Power Systems’ fuel cell engines with an additional 20MW purchase agreement.
Renault Group has unveiled its new hydrogen-electric concept vehicle, designed to achieve a range of 620 miles.
The German Aerospace Centre (DLR) has opened the BALIS facility in Empfingen, Germany, designed to develop and test hydrogen fuel cells in the 1.5MW output range.
Norwegian hydrogen fuel cell firm TECO 2030 has launched plans to raise capital to set up production in the US after revealing it would look outside of its home market amid waning support.
Yanmar Power Technology has reported a successful demonstration of its 500kW hydrogen engine suitable for power generation in coastal vessels.
Accelera by Cummins has set a new Guinness World Record for the longest distance travelled by a hydrogen fuel cell electric (FCEV) heavy-duty truck without refuelling.
