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Ex-investment banker took a risk in 2019 on $500M Long Ridge project, betting that tech sector customers and others will embrace the new fuel as a draw to locate in a struggling Ohio region; as the energy transition unfolds, he says the gamble is set to pay off.
With political urgency, market incentive and technology aligning, this fossil fuel alternative is becoming more real than ever. What projects are in the pipeline and who's jumping on the bandwagon?
Citing a shift in the marketplace, heavy equipment manufacturer CNH Industrial has provided details its planned spin-off of its on-road truck business from its agricultural and construction equipment business.
Twenty-eight projects totaling $38 million to support early stage R&D of innovative hydrogen and fuel cell technologies got boosts from the U.S. Dept. of Energy.
With concern about global warming prompting 177 countries to sign the December 2015 Paris Agreement to reduce greenhouse-gas emissions, the removal of carbon dioxide from power-plant flue gas is becoming an urgent priority.
On the edge of a quiet, wooded neighborhood in West Hartford, Conn., on April 18, executives at Legrand North America’s headquarters switched on a 500-kW fuel-cell array outside its decade-old manufacturing facility.