hydrogen electrolyzers

Cummins plans $1B+ investment in engine plants, hydrogen equipment

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Cummins Inc. will spend more than $1 billion to modernize engine plants in three states and invest...

https://www.freightwaves.com/news/cummins-plans-1b-investment-in-engine-plants-hydrogen-equipment

Cummins sees billions from its hydrogen electrolyzer business

The New Power division at Cummins Inc. probably won’t break even before interest, taxes, depreciation and amortization before 2027. But when it does, it may never look back. One reason is its investment in producing electrolyzers, a critical enabler to making hydrogen fuel for zero-emission long-haul trucking among myriad other uses.

IDTechEx forecasts the water electrolyzer market will grow over the next decade to $120 billion by 2033. By 2025, the firm estimates fivefold growth in electrolyzer...

https://www.freightwaves.com/news/cummins-sees-billions-from-its-hydrogen-electrolyzer-business

What’s behind the electrolyzer craze for green hydrogen?

Making hydrogen today is a pretty dirty business. But that is changing as more companies seek ways to decarbonize the economy. 

One increasingly popular approach is applying renewable energy sources to centuries-old electrolysis to split molecules of hydrogen — the most abundant element in the universe — from its bonds with oxygen.

An electrolyzer separates water into oxygen and hydrogen, effectively the opposite of a fuel cell, which uses water and electricity to separate hydrogen and oxygen,...

https://www.freightwaves.com/news/whats-behind-the-electrolyzer-craze-for-green-hydrogen

Cummins adding hydrogen electrolyzer manufacturing in US

Hydrogen electrolyzer in Belgium

Cummins Inc. will manufacture hydrogen electrolyzers in Minnesota, the latest site in its effort to meet a 2025 revenue goal of $400 million a year from cleaning up long-haul trucking and other polluting industries.

Electrolyzer production will get 89,000 square feet of dedicated space at an existing Cummins facility in Fridley, Minnesota. Production will start at 500 megawatts of manufacturing capacity annually, which could grow to 1 gigawatt. Cummins did not disclose how much it is investing...

https://www.freightwaves.com/news/cummins-adding-hydrogen-electrolyzer-manufacturing-in-us

Green hydrogen: The future of fuel?

Green hydrogen is gaining ground despite facing obstacles.

The transportation sector is researching and adopting the use of alternative fuels such as hydrogen fuel cells and electric batteries. The majority of hydrogen produced today comes from natural gas and coal.

Green hydrogen is hydrogen that is produced using electrolyzers powered by renewable electricity, according to a 2020 study entitled “The Role of Green and Blue Hydrogen in the Energy Transition — A Technological and Geopolitical Perspective” and written by Michel Noussan, Pier Paolo...

https://s29755.pcdn.co/news/green-hydrogen-the-future-of-fuel

Cummins sees $400M in revenue from making hydrogen in 2025

Cummins Inc. (NYSE: CMI) sees $400 million in revenue from hydrogen-making electrolyzers in 2025. The company’s vision: green hydrogen-powered fuel cell-powered trains, trucks and data centers.

“Hydrogen technologies, particularly electrolyzers, will be a fast-growing and increasingly important part of our business over the next few years,” Chairman and CEO Tom Linebarger said during the company’s virtual Hydrogen Day on Monday.

Hydrogen and fuel cells are not a fad at Cummins. The company has...

https://s29755.pcdn.co/news/gray-to-green-cummins-sees-400m-in-hydrogen-making-revenue-in-2025

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