COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI), a global power technology leader announces an investment of $24M into VoltStorage, a leading technology company producing energy storage systems based on environmentally friendly redox flow technology.
“Cummins is committed to developing a range of solutions that will enable our customers’ success as we advance our Destination Zero strategy and decarbonize our diverse markets,” said Jennifer Rumsey, President and COO, Cummins Inc. “By investing in VoltStorage, we are taking steps to advance solutions focused on the grid and energy storage. Addressing climate change will take a comprehensive approach and all stakeholders working together to execute it.”
Headquartered in Munich, Germany, VoltStorage was founded in 2016 by Jakob Bitner, Michael Peither and Felix Kiefl. The company develops…