Joint venture finalised

Joint venture

ETC and Cummins have completed their Joint Venture in NPROXX for hydrogen storage tanks. The joint venture will continue under the name of NPROXX and will provide customers with hydrogen storage products. Leveraging more than 40 years of technology from ETC, NPROXX has been supplying carbon fibre tanks for more than two years to customers in bus, truck, train and other on-highway applications as well as for gas transportation and stationary storage. ETC and Cummins now each own 50 percent of the new joint venture.

“Our teams are now united in our shared commitment to unlock the potential of hydrogen,” comments Rainer vor dem Esche, Managing Director, NPROXX. “Together, we can provide unique and reliable hydrogen storage options that will accelerate the availability of hydrogen solutions for our customers.”

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