ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Exploring the Potential of Hydrogen Fuel Cells in North American Trucking

By: 3BL Media

SOURCE: Cummins Inc.

DESCRIPTION:

Cummins Inc., a global power and hydrogen technologies leader, and Daimler Truck North America, the largest heavy-duty truck manufacturer in North America, are collaborating to upfit and validate Freightliner Cascadia trucks with a Cummins hydrogen fuel cell powertrain for use in North America.

Freightliner will leverage Cummins’ fourth generation fuel cell powertrain, which provides improved power density, efficiency and durability.

The joint effort will support both organizations’ goals to reduce emissions across product offerings and operations. Upon successful validation, the companies intend to have initial units available in 2024 for selected customers.

“Cummins and Daimler Truck have a strong history of partnership, and this next step into fuel cell electric vehicles is an exciting development for zero-emissions transport,” said Amy Davis, Vice President and President of New Power at Cummins. “Hydrogen fuel cells are a promising solution for the demanding requirements of heavy-duty trucking. Our collaboration in this market is an important milestone for both companies as we work to accelerate the shift to a carbon-free economy.”

“CO2-neutral commercial transportation must not only be technically feasible, but also economically viable for our valued customers,” said Rakesh Aneja, Vice President and Chief of eMobility at Daimler Truck North America. “Depending on the customer application and energy infrastructure considerations, hydrogen-powered vehicles can absolutely complement battery-powered electric vehicles in accelerating our carbon-neutral journey.

“We are pleased to expand our partnership with Cummins to include hydrogen-powered fuel cell electric vehicles in our future portfolio,” Aneja added. “We remain focused on serving our customers by providing them with a choice of propulsion-technologies, ultimately resulting in solutions that best suit their business needs.”

Cummins has deployed more than 2,000 fuel cells to date, using the technology to help achieve a number of industry firsts such as powering the first hydrogen-powered passenger train in Europe. The company is bringing low- and no-carbon technologies to market for those customers ready to invest in them while reducing the carbon produced by its core products to allow others to begin their carbon reduction journeys.

Hydrogen is an especially promising fuel when produced fully or in part using renewable sources of energy such as wind and solar.

END

Tweet me: .@Cummins believes in the power of collaboration. See how we’re partnering with Daimler Truck North America to reduce carbon emissions. https://bit.ly/3Lp8DyQ

KEYWORDS: NYSE: CMI, Cummins Inc

truck with side reading "Meet the Hydrogen-Powered Freightliner Cascadia"

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.