Global motive power systems supplier, Cummins, has shared how it plans to grow its fuel cell and hydrogen production business.
During a virtual conference held with the investment community, the company cited continued investment in fuel cell and hydrogen production technology as key to bolstering its self-proclaimed leadership in this sphere.
“As the world transitions to a low carbon future, Cummins has the financial strength to invest in hydrogen and battery technologies as well as advanced diesel and natural gas powertrains,” said Cummins Chairman and CEO, Tom Linebarger.
Cummins reported its (hydrogen gas producing) electrolyser revenue is projected to be at least $400 million USD in 2025 and that its European manufacturing site for hydrogen technologies is expected to be operational in 2021.
“Demand for electrolysers is growing rapidly with an opportunity to utilise green hydrogen to replace less environmentally friendly grey hydrogen in industrial processes, while interest in fuel cells is growing in certain end markets,” said Cummins New Power Segment President, Amy Davis.
“Cummins is participating in markets where we see early adoption of these technologies, leveraging our technology leadership, customer relationships, application knowledge and global service and support capabilities.
“We also continue to invest in new technologies, such as solid oxide fuel cells, that show promise in stationary power applications,” she said.
During the presentations, Cummins’ leaders shared their views that green hydrogen and fuel cells will play a critical role in reducing greenhouse gas and air emissions from the industries it serves, in order to meet experts’ recommendations to limit global temperature increases in line with the Paris Agreement.
They also shared that they expect adoption of fuel cell technology to take time as technologies continue to develop and costs reduce. They added that infrastructure is a current barrier and will require action and engagement from both private industry and government to increase the pace of adoption of hydrogen fuel cell solutions.
“The production of green hydrogen and the adoption of fuel cell technologies in markets that are served by fossil fuels today will be critical to lowering greenhouse gas emissions globally and also will enable Cummins to achieve carbon neutrality by 2050,” said Linebarger.
“We will continue to bring hydrogen fuel cell products to market and we have many products already in the field, including in on-highway trucks, rail, marine and other applications, as well as hundreds of electrolysers,” he said.