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.”
Plagazi has secured a €29.5m ($31.7m) EU Innovation Fund grant to scale the flagship waste-to-hydrogen production project it is developing.
ITM Power has reportedly validated an additional 40% iridium loading reduction in its electrolyser products whilst maintaining stack performance and longevity.
Höegh Evi will develop a floating hydrogen import terminal at France’s Port-La Nouvelle, sourcing up to 210,000 tonnes of hydrogen from the Middle East, North Africa, and the Americas.
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.
HydePoint and Norwegian Hydrogen will jointly develop 10-40MW dockside and near-shore green hydrogen projects in Europe.
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.
Identifying partners for certification in real-world hydrogen applications is the next step in commercialisation for Graphmatech, according to its Research Area Manager.
