Cummins gets full ownership of fuel cell technology
30 June 2023
Technology becomes part of Accelera by Cummins
Cummins Inc. announced the buyout of Air Liquide’s 19% interest in Hydrogenics Corp. Cummins acquired Hydrogenics in 2019, adding key fuel cell and electrolyzer technologies to its portfolio. It is now housed under Cummins’ zero-emissions brand, Accelera by Cummins. Terms were not disclosed.
Cummins said the buyout reinforces its commitment to these technologies and the increasing importance they will play in creating value for all stakeholders and decarbonizing our world. The move is expected to enable continued investment and growth in hydrogen technologies to meet rapidly growing demand.
Air Liquide said that under Cummins’ ownership, Hydrogenics will remain one of its suppliers for its own electrolyzer projects.