Cummins Inc. has formed a joint venture with hydrogen storage manufacturer NPROXX, which will continue under the name NPROXX.
“In order to move toward a decarbonized future, the world will require multiple power solutions including advanced diesel, natural gas, electrified power, fuel cells, hybrids and other solutions,” said Tom Linebarger, chairman and CEO of Cummins Inc. “The addition of hydrogen storage to our existing capabilities in hydrogen production and fuel cells enables us to accelerate the viability and adoption of these technologies in commercial markets.”
The joint venture will provide customers with hydrogen and compressed natural gas storage products for both on-highway and rail applications. The acquisition of Hydrogenics Corporation in September 2019 provided Cummins with both proton exchange membrane and alkaline fuel cells electrolyzers to generate hydrogen. Cummins has also invested in Loop Energy, signed a memo of understanding with Hyundai Motor Company, and invested in the development of solid oxide fuel cells.
“Cummins has more than 2,000 fuel cell installations across a variety of on and off highway applications as well as more than 500 electrolyzer installations,” said Linebarger.
Cummins and NPROXX will each own 50% of the new joint venture, which is expected to close by the end of the first quarter of 2021 and will be included as part of Cummins’ New Power business segment.