Cummins, Alstom, and the Long Tail of Hydrogen Mistakes
AI-summarised brief · reviewed before publication
Cummins and Alstom have both suffered losses in the hydrogen market, but in different ways. Cummins spread resources across various hydrogen pathways, only to find demand weaker than expected. Alstom, however, sold hydrogen trains into real contracts, leaving it with a long-term obligation to support its installed fleet. The company's language after acquiring Cummins' rail-dedicated hydrogen fuel-cell activities suggests it views the deal as a means to maintain existing contracts, not a growth opportunity.