NEW YORK— Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to share the sales strategy for its subsidiary, Mobile Energy Global’s (MEG) truck and specialty vehicle sales unit which will be renamed Medici Motor Works (MMW).
COLUMBUS, Ind.-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.
Today, the U.S. Department of Energy (DOE) announced the intention to invest up to $100 million over five years in two new DOE National Laboratory-led consortia to advance hydrogen and fuel cell technologies research and development (R&D). This funding is subject to appropriations.
DANBURY, Conn–FuelCell Energy, Inc. (Nasdaq: FCEL) — a global leader in fuel cell technology – with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy – announced that it has resumed manufacturing at its Torrington, CT facility.
LATHAM, N.Y.— Plug Power Inc. (NASDAQ:PLUG), the leading company building the clean hydrogen economy, has been named to the Top Green Providers list for 2020 by Food Logistics, the only publication exclusively dedicated to covering the movement of products through the global food supply chain.
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) has invested a total of USD25 million in FirstElement Fuel, Inc. (“FEF”, Head office: California, U.S.A.), the biggest developer and operator of hydrogen stations in California.
COLUMBUS, Ind.–Cummins Inc. (NYSE: CMI) announced the appointment of Amy Davis as Vice President and President – New Power Segment, effective July 1. Davis will replace Thad Ewald, who in addition to his role as Vice President, Strategy and Corporate Development, also established and incubated the New Power segment. Ewald will continue to lead strategy and corporate development for Cummins.