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.”
ITM Power has reportedly validated an additional 40% iridium loading reduction in its electrolyser products whilst maintaining stack performance and longevity.
Lummus Venture Capital has invested an undisclosed amount in Advanced Ionics to accelerate its electrolyser commercialisation pathway.
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.
Clean Power Hydrogen (CPH2) will deliver a 1MW MFE220 electrolyser to Hidrigin in 2025 and has licensed the company to manufacture up to 2GW of these units in Ireland.
The Energy Technology Perspectives 2024 report expects electrolyser manufacturing investments to peak “well before” 2035 in all three of its scenarios.
“Q3 has been a challenging period for GHS. With the current situation GHS is facing, we need to execute a different strategy with the purpose of ensuring a sustainable and profitable future for GHS,” stated...
Nel has extended and automated the manufacturing of its PEM hydrogen electrolysers at its Wallingford facility in Connecticut, US.
Portuguese startup 1s1 Energy has closed a $1.4m funding round and initiated a $2.3m PEM electrolysis stack validation project.
MT Group and Lithuania’s Klaipeda State Seaport Authority have agreed to develop a green hydrogen production and refuelling station worth €10.5m ($11.4m).
