REGENERATIVE FUEL CELL TECHNOLOGIES MARKET ANALYSIS
Key Developments:
The companies operating in the regenerative fuel cell technologies are adopting strategic alliance such as product development and mergers & acquisition in order to maintain their position in the competitive business environment. In January 2019, Cummins Inc., Columbus-based company announced the acquisition of Hydrogenics Corp., hydrogen fuel cell market based in Toronto for about US$ 290 million.
Apart from this, in September 2019, Cummins invested in fuel cell technology firm Loop Energy. Loop energy is a provider of fuel cell electric range extenders for heavy and medium duty transport applications.
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