Cummins Inc. has formed a 50-50 joint venture with China Petrochemical Corp. to make green hydrogen more affordable and available.
Called Cummins Enze, the joint venture in Guangdong Province will invest $47 million in a manufacturing plant to produce proton exchange membrane (PEM) electrolyzers. An electrolyzer is a system that uses electricity to break water into hydrogen and oxygen in a process called electrolysis.
The Foshan plant will initially have a manufacturing capacity of 500 megawatts of electricity per year, enough to power New York City for 45 days.
Capacity of the plant to be completed in 2023 will gradually increase over the next five years to reach one gigawatt of manufacturing capacity per year. Cummins (NYSE: CMI) built the world’s largest PEM electrolyzer in Becancour, Canada.
Hydrogen is increasingly gaining acceptance as a fuel for…