Hydrogenics

Global Fuel Cell Market Outlook and Forecast 2020-2027 - Featuring Profiles of FuelCell Energy, Ballard Power Systems, Hydrogenics Corp, SFC Energy, Nedstack Fuel Cell Technology, and More

Retrieved on: 
Monday, March 2, 2020

The global fuel cell market size is expected to reach USD 33.09 billion by 2027, exhibiting a CAGR of 15.5% over the forecast period according to this report.

Key Points: 
  • The global fuel cell market size is expected to reach USD 33.09 billion by 2027, exhibiting a CAGR of 15.5% over the forecast period according to this report.
  • Rising demand for combined heat and power systems in is projected to drive the demand for fuel cell in the region.
  • Further key findings from the report suggest:
    The fuel cell market is highly consolidated with major companies accounting for over 80% of industry demand.
  • Hence, public-private partnerships is crucial for gaining technological advantage
    Key market players include Fuel Cell Energy, Inc., Ballard Power Systems, Hydrogenics Corporation, SFC Energy AG, Nedstack Fuel Cell Technology B.V., Bloom Energy, Doosan Fuel Cell America, Inc., Ceres Power Holdings Plc, and Plug Power, Inc. Apart from these, several other automobile manufacturers are in the process of launching their fuel cell vehicles

Global Stationary Fuel Cell Market Radar 2019: A Measurement System to Spark Companies 2 Action (C2A)

Retrieved on: 
Tuesday, November 26, 2019

DUBLIN, Nov. 26, 2019 /PRNewswire/ -- The "Research Radar in the Global Stationary Fuel Cell Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Nov. 26, 2019 /PRNewswire/ -- The "Research Radar in the Global Stationary Fuel Cell Market" report has been added to ResearchAndMarkets.com's offering.
  • Over the same period of time, fuel cell costs are forecast to decline by around 50% across the main technologies.
  • The Research Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the methodology.
  • The companies we have included in this radar include Bloom Energy, FuelCell Energy, Plug Power, Aisin Seiki, Ceres Power, Hydrogenics, Doosan Fuel Cell America, Power Cell, Altergy, SFC Energy, Sunfire, Fuji Electric, Gencell, Convion, Solid Power, and Panasonic.

Cummins Showcases Hydrogen Fuel Cell Truck During 2019 North American Commercial Vehicle Show

Retrieved on: 
Wednesday, October 30, 2019

This week, Cummins Inc. (NYSE: CMI) unveiled its latest innovation, a heavy-duty truck with fuel cell and battery electric power.

Key Points: 
  • This week, Cummins Inc. (NYSE: CMI) unveiled its latest innovation, a heavy-duty truck with fuel cell and battery electric power.
  • The demonstration vehicle was unveiled at the 2019 North American Commercial Vehicle Show in Atlanta.
  • View the full release here: https://www.businesswire.com/news/home/20191030005580/en/
    Cummins Hydrogen Fuel Cell Truck (Photo: Business Wire)
    Developing this cutting-edge hydrogen fuel cell truck as a technology demonstrator is an important step in gaining valuable insights that are critical to continue developing the right solutions for the market and preparing for the next 100 years.
  • The truck was designed and integrated by Cummins in Columbus, Indiana and includes a proton exchange membrane (PEM) fuel cell from Hydrogenics , a recent addition to Cummins.

Hydrogen Electrolyzers Market 2019-2023 | Evolving Opportunities with Hydrogenics Corp. and ITM Power Plc | Technavio

Retrieved on: 
Wednesday, October 23, 2019
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20191023005368/en/
    Technavio has announced its latest market research report titled global hydrogen electrolyzers market 2019-2023.
  • In addition, the rising focus on using clean hydrogen in refineries is anticipated to further boost the growth of the hydrogen electrolyzers market.
  • The increasing adoption of fuel cell-powered vehicles will be one of the major drivers in the global hydrogen electrolyzers market during the forecast period.
  • Major Five Hydrogen Electrolyzers Market Companies:
    Hydrogenics Corp. owns and operates businesses under various segments such as onsite generation, power systems, and corporate and other.

$42.17 Billion Power-to-gas Markets - Global Forecast to 2024

Retrieved on: 
Monday, October 14, 2019

The power-to-gas market is estimated to be USD 26,034.7 thousand in 2019 and projected to reach USD 42,176.8 thousand by 2024, at a CAGR of 10.1%.

Key Points: 
  • The power-to-gas market is estimated to be USD 26,034.7 thousand in 2019 and projected to reach USD 42,176.8 thousand by 2024, at a CAGR of 10.1%.
  • The factors driving the market include the effective utilization of renewable energy resources and integrated management of power and gas networks.
  • The major players in the power-to-gas market are Hydrogenics, ITM Power, Siemens, Nel Hydrogen, and MAN Energy Solutions.
  • Partnerships, collaborations, and contracts & agreements are the most widely adopted strategies by these players to ensure their market dominance.

Cummins Inc. Names Amy Adams VP of Fuel Cell & Hydrogen Technologies

Retrieved on: 
Friday, October 11, 2019

Today, Cummins Inc. announced that Amy Adams will join the Electrified Power business segment as Vice President Fuel Cell & Hydrogen Technologies.

Key Points: 
  • Today, Cummins Inc. announced that Amy Adams will join the Electrified Power business segment as Vice President Fuel Cell & Hydrogen Technologies.
  • In this newly created role, Adams will oversee the Hydrogenics business and the other investments and partnerships in Cummins fuel cell portfolio.
  • Cummins is investing in two primary types of fuel cells, Proton Exchange Membrane (PEM) and Solid Oxide Fuel Cells (SOFC), as well as hydrogen production in order to provide a seamless start-to-finish solution to customers.
  • Her skillset is well suited to lead this work and build our hydrogen and fuel cell capabilities.

Global Fuel Cell Technology Market Overview & Outlook 2017-2026 - ResearchAndMarkets.com

Retrieved on: 
Thursday, September 19, 2019

The "Fuel Cell Technology - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Fuel Cell Technology - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Fuel Cell Technology Market is expected to grow at a CAGR of 16.2% during the forecast period.
  • However, factors such as high catalyst cost and lack of proper fuel infrastructures are hampering the market growth.
  • Some of the key players in Fuel Cell Technology market include AFC energy (UK), Ballard Power Systems Inc., Ceramic Fuel Cell, Doosan Corporation, FuelCell Energy, Hydrogenics, Kyocera (Japan), Panasonic Corporation, Plug Power and Toshiba Corporation.

Hydrogenics Corporation Completes Sale Transaction With Cummins Inc.

Retrieved on: 
Monday, September 9, 2019

Hydrogenics Corporation (www.hydrogenics.com) is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift.

Key Points: 
  • Hydrogenics Corporation (www.hydrogenics.com) is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift.
  • Headquartered in Mississauga, Ontario, the Company provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world.
  • Hydrogenics has manufacturing sites in Germany, Belgium and Canada and service centers in Russia, Europe, the US and Canada.
  • The forward-looking statements contained in this release are expressly qualified by this paragraph.

Cummins Closes on its Acquisition of Hydrogenics

Retrieved on: 
Monday, September 9, 2019

Cummins Inc. (NYSE: CMI) today announced that it closed on the previously announced acquisition of fuel cell and hydrogen production technologies provider Hydrogenics Corporation.

Key Points: 
  • Cummins Inc. (NYSE: CMI) today announced that 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 Tom Linebarger, Chairman and CEO, Cummins Inc. Hydrogenics is one of the worlds premier fuel cell and hydrogen production technologies providers and their expertise and innovative approach will strengthen Cummins fuel cell capabilities.
  • Cummins began developing its fuel cell capabilities more than 20 years ago and the acquisition of Hydrogenics with Air Liquides support accelerates Cummins ability to further innovate and scale hydrogen fuel cell technologies across a range of commercial markets.
  • Thanks to Cummins investment, we believe Hydrogenics technologies will be able to accelerate significantly their development."

Hydrogenics Corporation Receives Court Approval for Proposed Transaction With Cummins Inc.

Retrieved on: 
Tuesday, September 3, 2019

Completion of the Transaction remains subject to the satisfaction of certain customary closing conditions.

Key Points: 
  • Completion of the Transaction remains subject to the satisfaction of certain customary closing conditions.
  • Subject to the satisfaction or waiver of all of the conditions to the Transaction, the Transaction is expected to be completed on or about September 9, 2019.
  • Hydrogenics Corporation ( www.hydrogenics.com ) is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift.
  • Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world.