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The share of Cummins Engine brings joy: The share price rose to a new high for the year, after the company was able to settle a long-standing legal dispute – it was about non-compliance with emission standards for engines – with a penalty payment of 1.6 billion USD, and with that this chapter is...
My recommendation to use the temporarily very weak prices in Cummins for continued and new buys has already paid off: The share price grew from around 200 to over 255 USD. And it will continue to, even though Cummins is increasingly focusing on new markets like hydrogen (engines, electrolysis...
Cummins Engine is fully committed to hydrogen and fuel cells in a diversity of markets and applications. One billion USD is to be invested in this, in order to make new technologies for the use of hydrogen ready for market. Exciting are the latest reports about the activities in India: There...
Could Cummins Engine develop into a one-stop shop for hydrogen matters? The company is working on a series of products and applications that should lead to zero emissions, so for example on engines for e-fuels or hydrogen, in the area of electrolysis as well as stack production for trucks/commercial...
Cummins has supplied the company Atura Power with a 20-MW PEM electrolyzer for its Niagara Hydrogen Centre in Niagara Falls, Ontario. The electrolyzer is to go into operation at the beginning of 2024 and produce green hydrogen, for supply to industrial customers, with the help of hydropower. The...
Hyzon Motors was able to close the first quarter with a low stated loss of minus 0.03 USD per share. At the end of the quarter, cash and cash equivalents amounted to about 407 million USD.
Cummins Engine is highly committed to the H2 industry – also in the commercial vehicle sector, starting with trucks and going all the way to ships. The company is also expanding its own electrolysis technologies. A project with Sinopec consists of an electrolysis capacity of 1 GW – 1,000 H2 fueling...
Cummins has opened a location in Europe. On March 3rd, 2022, the US engine manufacturer put its new fuel cell factory in Herten into operation. Cummins had taken over the Hydrogenics Corp. and with it the German branch Hydrogenics GmbH in the summer of 2019, which had been located in Gladbeck and is now in the HTVG (Gesellschaft für Technologieentwicklung und Vermögensverwaltung der Stadt Herten mbH) technology development center H2Herten.
Although the price of Weichai Power fell away steadily in recent months, it has bounced back very strongly in recent weeks by more than 35 percent. Weichai, as a leading producer of diesel engines in China, is the perfect counterpart to the American corporation Cummins, which is very aggressively...
