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.”
Donald Trump has passed the 270 electoral college vote threshold to win the keys to the White House and will become the 47th President of the United States.
Lummus Venture Capital has invested an undisclosed amount in Advanced Ionics to accelerate its electrolyser commercialisation pathway.
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 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.
Avina Clean Hydrogen has broken ground on its green hydrogen production and refuelling facility in southern California, the US.
NFI Group’s New Flyer has doubled its initial order of Ballard Power Systems’ fuel cell engines with an additional 20MW purchase agreement.
To parrot the pollsters and commentators, this election is simply too close to call. And for hydrogen, either outcome could pose opportunities and challenges.
“I’m pleased actually, that a reality check is in place because that’s what we need for substantial development in the hydrogen space,” Linde CEO, Sanjiv Lamba, remarked.
Despite the IEA highlighting the EU’s REFuelEU Aviation policy as a “major driver” of the demand, in its STEPS scenario, just one-sixth of the 120GW will be installed in Europe.
