Hydrogenics strengthens Cummins‘ fuel cell capabilities and adds new hydrogen production technologies
Cummins Inc. has announced it closed on the previously announced acquisition of fuel cell and hydrogen production technologies provider Hydrogenics Corporation.
“We are thrilled to welcome the Hydrogenics employees to the Cummins family,” said Cummins chairman and CEO Tom Linebarger. “Hydrogenics is one the world‘s premier fuel cell and hydrogen production technologies providers and their expertise and innovative approach will strengthen Cummins‘ fuel cell capabilities. This is another step forward as we continue to invest in a broad range of clean, fuel-efficient and high-performing products and technologies that deliver value to our customers.”
Cummins began developing its fuel cell capabilities more than 20 years ago and the acquisition of Hydrogenics with Air Liquide‘s support accelerates Cummins‘ ability to further innovate and scale hydrogen fuel cell technologies across a range of commercial markets. Owning both fuel cell and hydrogen generation from electrolysis capabilities will enable the company to offer a full, differentiated hydrogen solution, from start to finish, seamlessly integrated for customers.
“Air Liquide and Cummins have a shared vision of the key role that hydrogen plays in the energy transition. As a shareholder, and more widely as a company, Air Liquide is highly supportive of a hydrogen-based society,” said The Hydrogen Company CEO Pierre Etienne Franc. “The two global companies, leaders in their sector, have complementary expertise in the development of hydrogen energy. Thanks to Cummins‘ investment, we believe Hydrogenics technologies will be able to accelerate significantly their development.”
Hydrogenics will report under Cummins‘ Electrified Power Business Segment, led by Thad Ewald, vice president – corporate strategy, and its operations will continue to be headquartered in Mississauga, Canada. Founded in 2018, the Electrified Power business designs and manufactures fully electric and hybrid powertrain systems along with innovative components and subsystems to serve commercial markets as they adopt electrification. To date, the business has introduced complete electrified powertrain solutions in six markets across seven applications and continues to launch market-leading products with customers across the world.