Mexican Media Brands
Cummins Invests in Second Fuel Cell Company
Cummins Inc. has made an unspecified investment in Loop Energy, a British Columbia, Canada-based developer of fuel cell range-extender modules for commercial trucks.
Share
Cummins Inc. has made an unspecified investment in Loop Energy, a British Columbia, Canada-based developer of fuel cell range-extender modules for commercial trucks.
As part of the deal, Loop will supply Cummins with a fuel cell stack for use in demonstration trucks.
Loop claims its fuel cells business, which was formed 15 years ago as PowerDisc Development, provides improved power density and cost benefits over those of competitors.
The Loop Energy investment follows the completion of Cummins’ acquisition of another Canadian fuel cell company, Ontario-based Hydrogenics Corp., earlier this month. The $290 million deal gives Cummins an 81% stake in Hydrogenics, with French hydrogen supplier Air Liquide SA holding the remaining 19%.
RELATED CONTENT
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
