Cummins takes $312m hit amid Accelera hydrogen business restructure
Cummins announced plans to consolidate “certain manufacturing efforts,” prioritise its strongest business areas, rely on more partners and reduce spending in certain technologies.
Cummins announced plans to consolidate “certain manufacturing efforts,” prioritise its strongest business areas, rely on more partners and reduce spending in certain technologies.
ZeroAvia moves closer to full certification with Federal Aviation Administration G-1 approval for its 600kW hydrogen-electric propulsion system.
Taiwan bolsters fuel cell R&D through strategic deals with Ukraine, Denmark, Poland, and France.
Ricardo announced that its marine-based fuel cell reached full power at 393kW within just three months of initial start-up testing.
“Mission24 is exploring a new direction: liquid hydrogen. This type of storage is more suited to the demands of the competition. The H24EVO will prove it.”
French fuel cell manufacturer Symbio has obtained IATF certification for both the design and manufacturing of systems at its SymphonHy gigafactory in Saint-Fons.
Stralis Aircraft and CQ University plan to use hydrogen-electric technology to power a commercial flight route between Brisbane and Gladstone in 2027.
The Brittany Region has granted a subsidy of €1.5m ($1.6m) to Green Navy to support the development of its hydrogen-powered catamaran project, dubbed PROMETEO.
Hydrogen and electric truck manufacturer Nikola is reportedly exploring strategic options, including the potential sale of parts or even the entirety of its business.
US hydrogen-based ammonia-to-power tech firm Amogy has raised $56m in venture financing from the likes of Samsung, Hanwha, Temasek, MOL and more.
