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.
The Exeter Port Authority has trialled a hydrogen-electric workboat designed and manufactured by Ecomar Propulsion.
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.
A proposal to make a Spanish windfall tax on energy firms permanent, which had seen oil and gas majors threaten to halt green hydrogen developments, has been dropped.
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.
RWE has secured construction and environmental permits to build a 100MW electrolyser adjacent to the Magnum Power Station in Eemshaven, the Netherlands.
Rely will undertake the engineering, procurement services, construction management and commissioning services (EPsCm) for AM Green Ammonia’s 1.3GW ammonia plant.
The US Government will allocate up to $3bn to fund the development of hydrogen and battery-powered infrastructure and technologies at ports.
