Hydrogenics

Hydrogenics Corporation Shareholders Approve Transaction With Cummins Inc.

Retrieved on: 
Thursday, August 29, 2019

An aggregate of 10,583,881 Shares were voted in favour of the Transaction Resolution, representing approximately 86.63% of the votes cast on the Transaction Resolution.

Key Points: 
  • An aggregate of 10,583,881 Shares were voted in favour of the Transaction Resolution, representing approximately 86.63% of the votes cast on the Transaction Resolution.
  • Completion of the Transaction remains subject to the satisfaction of certain customary closing conditions, including court approval.
  • 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.
  • Hydrogenics has manufacturing sites in Germany, Belgium and Canada and service centers in Russia, Europe, the US and Canada.

Global Hydrogen Fuel Cells Market Analysis & Outlook 2017-2019 & 2026 - ResearchAndMarkets.com

Retrieved on: 
Monday, August 19, 2019

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

Key Points: 
  • The "Hydrogen Fuel Cells - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Hydrogen Fuel Cells market accounted for $476.78 million in 2017 and is expected to reach $55,061.4 million by 2026 growing at a CAGR of 69.5% during the forecast period.
  • However, the high cost of switching to this technology and reduced hydrogen refilling stations are restraining the market growth.
  • Some of the key players profiled in the Hydrogen Fuel Cells market include Toshiba Corporation, Sunrise Power, SFC Energy AG, Plug Power Inc, Pearl Hydrogen, Panasonic Corporation, Nedstack Fuel Cells Technology B.V., Intelligent Energy, Hyster-Yale Group, Hydrogenics, Fuelcell Energy, Doosan Fuel Cell, ClearEdge Power, Ballard Power and AFC Energy PLC.

Cummins To Acquire Hydrogenics

Retrieved on: 
Friday, June 28, 2019

Following the unanimous recommendation of the special committee of Hydrogenics Board of Directors, all non-interested directors of Hydrogenics have unanimously approved the transaction and recommends that Hydrogenics shareholders vote in favor of the transaction.

Key Points: 
  • Following the unanimous recommendation of the special committee of Hydrogenics Board of Directors, all non-interested directors of Hydrogenics have unanimously approved the transaction and recommends that Hydrogenics shareholders vote in favor of the transaction.
  • We are excited that Cummins has reached an agreement with Hydrogenics to welcome the employees and innovations of one of the worlds leading fuel cell and hydrogen generation equipment providers to our company, said Tom Linebarger, Chairman and CEO, Cummins Inc. We look forward to partnering closely with Hydrogenics team in the coming weeks as we work toward closing the transaction.
  • We are deeply honored to now join with Cummins on the transformative journey of next generation clean power solutions.
  • As a part of the transaction, The Hydrogen Company, a wholly-owned subsidiary of LAir Liquide, S.A., and Hydrogenics current largest equity shareholder, will maintain its ownership in Hydrogenics.

Air Liquide invests in the world's largest membrane-based electrolyzer to develop its carbon-free hydrogen production

Retrieved on: 
Monday, February 25, 2019

Air Liquide announces the construction in Canada of the largest PEM (Proton-Exchange Membrane) electrolyzer in the world with a 20 megawatts (MW) capacity for the production of carbon-free hydrogen.

Key Points: 
  • Air Liquide announces the construction in Canada of the largest PEM (Proton-Exchange Membrane) electrolyzer in the world with a 20 megawatts (MW) capacity for the production of carbon-free hydrogen.
  • PARIS, France, Feb. 25, 2019 /CNW Telbec/ -Air Liquide will install a20 MW electrolyzer that increases by 50% the current capacity of its hydrogen facility located in Bcancour, Qubec (Canada).
  • This new PEM electrolyzer, with Hydrogenics technology, will be the world's largest and will serve the increasingdemand for carbon-free hydrogen.
  • This new production unit will significantly reduce carbon intensity, compared to the traditional hydrogen production process.

Triple E Technologies Enters Hydrogen Fueling Market with OneTouch Suite

Retrieved on: 
Monday, April 30, 2018

POST FALLS, Idaho, April 30, 2018 /PRNewswire-PRWeb/ -- Triple E Technologies, LLC (Triple E), a leading provider of software solutions for convenience stores and fueling sites, has installed their OneTouch Suite software on their first hydrogen fueling location.

Key Points: 
  • POST FALLS, Idaho, April 30, 2018 /PRNewswire-PRWeb/ -- Triple E Technologies, LLC (Triple E), a leading provider of software solutions for convenience stores and fueling sites, has installed their OneTouch Suite software on their first hydrogen fueling location.
  • The new site, located in Ontario, CA and owned by Triple E customer StratosFuel, provides 100% renewable hydrogen to fuel cell electric vehicle (FCEV) drivers.
  • OneTouch Suite allows StratosFuel to power their specialized hydrogen pumps, supplied by Hydrogenics, and also gives them the ability to run closed-loop private card transactions.
  • Triple E is currently the only point of sale solutions provider working with Hydrogenics to implement hydrogen fueling locations across the US and Canada.