Sales rise at Accelera but Q1 EBITDA loss grows too
- Admin
- May 2, 2024
- 1 min read
Cummins Inc's zero-emissions segment, Accelera, reported a greater EBITDA loss of USD 101 million for Q1 2024 despite a 9% increase in sales, boosted primarily by more electrolyser installations. The overall revenue of Cummins decreased slightly. Additionally, Accelera has recently secured a contract to supply a 5-MW electrolyser system to Chevron New Energies in California.
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