Alan Ohnsman of Forbes reports on Cummins’ investments in cleantech.
- Cummins is folding its multi-billion dollar cleantech division into a new company called Accelera.
- Accelera is advancing drivetrain components for 1,000 electric school buses and a 90-megawatt electrolyzer system for a carbon recycling plant in Quebec.
- Accelera is also supply Linde, the world’s largest hydrogen maker, with a 35 megawatt electrolyzer that will be used to create green hydrogen with water and electric power from Niagara Falls.
- Private sector leadership is driving clean energy progress.
“Cummins is folding its existing clean power products unit into Accelera after pouring $900 million into R&D and acquisitions, including the recent purchase of truck parts maker Meritor, to build up the business. Cummins CEO and president Jennifer Rumsey wants rapid growth for the unit driven by demand for non-polluting trucks—and generous new federal incentives for low- and no-carbon hydrogen production.”
Read the full article here.
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