Cummins has taken a $312m hit as it cuts costs in its hydrogen and zero-emission business amid slowing demand.
The engine manufacturer said it had conducted a strategic review of its Accelera segment, which produces electrolysers and fuel cells, to streamline operations and refocus investments on the most promising opportunities.
In its Q4 2024 results, Cummins announced plans to consolidate “certain manufacturing efforts,” prioritise its strongest business areas, rely on more partners and reduce spending in certain technologies, joint ventures and markets.
Cummins has not revealed which parts of Accelera are impacted by the cuts. H2 View has reached out for clarification.
... to continue reading you must be subscribed
