CleanTechnica•about 2 months ago
Cummins, Alstom, and the Long Tail of Hydrogen Mistakes
Key Takeaway
Investing in emerging energy technologies like hydrogen requires careful market timing, focused capital allocation, and a realistic assessment of demand growth to avoid significant losses.
AI Summary
- •Both Cummins and Alstom incurred losses in their hydrogen ventures, illustrating the significant risks associated with early-stage energy technology investments.
- •Cummins pursued a diversified strategy across various hydrogen pathways, including fuel cells and electrolyzers, which may have diluted focus and capital.
- •The core challenge identified was a weaker and slower-than-anticipated market demand for hydrogen in energy applications, impacting market timing and project viability.
- •The article serves as a cautionary tale for developers and IPPs regarding strategic capital allocation and market readiness for emerging energy technologies.
Topics
emissionsfinancingoempolicy
Article Content
Both Cummins and Alstom lost with hydrogen, but they lost in different ways, and that difference matters. Cummins spread capital and management attention across a broad set of hydrogen pathways, including fuel cells and electrolyzers, then ran into the market reality that hydrogen demand for energy applications was weaker, slower, ... [continued] The post Cummins, Alstom, and the Long Tail of Hydrogen Mistakes appeared first on CleanTechnica .