Hyster-Yale, Inc. has announced a strategic business realignment for its Nuvera fuel cell business at the Billerica facility, aiming to increase profits and establish an integrated energy solutions program. The realignment includes focusing on the development, manufacturing, and commercialization of lithium-ion battery modules, chargers, battery management systems, and energy management activities. Additionally, a mobile, modular, and scalable hybrid electric charging platform will be developed to provide off-grid power solutions, incorporating Nuvera's fuel cell technology. The fuel cell program will be downsized to focus on the final development of higher-powered fuel cells for port equipment. This strategic move is expected to achieve significant cost reductions and enhance the development of battery products, charging platforms, and port equipment electric power solutions. The program is part of Hyster-Yale's broader strategic change initiative to transform its core forklift truck business while exploring new opportunities in the warehouse forklift truck market, automation, and energy management. By creating modular, scalable products and optimizing manufacturing processes, the company aims to support revenue growth and improve operating profitability with lower capital intensity. The focus on transforming its core business and expanding into new areas is expected to provide enhanced profitability and growth potential for Hyster-Yale.