NewQ1 2026 Clean Energy Deal Intelligence Report is live
FinancingAnnouncedOctober 12, 2022

Fridley MN PEM electrolyzer manufacturing — 89,000 sq ft, 500 MW/yr capacity (scalable to 1 GW); HyLYZER 1.25 MW–200 MW units

Cummins Accelera $1B+ US manufacturing investment includes new Fridley MN PEM electrolyzer factory — first US-based PEM electrolyzer factory for Cummins. 500 MW/yr (scalable to 1 GW). Began production May 2023; visited by Pres. Biden April 2023. 100 new jobs by 2024.

$1.00B

Deal Value

Hydrogen & Fuel Cells

Technology

MN

Location

Deal Details

Deal Type
Manufacturing Investment
Seller / Sponsor
Cummins Inc. / Accelera
Buyer / Financier
Cummins
Deal Value
Part of $1B+ Cummins US manufacturing investment
Stage
Construction
ISO/RTO
MISO
Source
Cummins

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