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Stock impact report

Cummins to Form Joint Venture With NPROXX for Hydrogen Storage

Cummins Inc. (CMI) 
Last cummins inc. earnings: 4/28 07:30 am Check Earnings Report
Company Research Source: Business Wire
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI), a global technology and power solutions leader, today announced an agreement to form a joint venture with NPROXX, a leader in hydrogen storage and transportation, for hydrogen storage tanks. The joint venture will continue under the name NPROXX.“We are thrilled to combine Cummins’ expertise, innovation and commitment to customer success with NPROXX’s leading hydrogen storage technologies,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “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 and Cummins is committed to leading the way and being the provider of choice. 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 wil Show less Read more
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