Leading US power train specialist Cummins and global fuel giant Chevron have announced that they have agreed to work together to potentially create a strategic alliance to develop hydrogen-related business opportunities and other alternative energy sources.
The two companies signed a Memorandum of Understanding (MOU) which provides framework for them to initially collaborate on four objectives in a path to establishing hydrogen as a zero emission power source of the future.The objectives include, advancing public policy that promotes hydrogen as a decarbonising solution for transportation and industry, building market demand for commercial vehicles and industrial applications powered by hydrogen, developing infrastructure to support the use of hydrogen for industry and fuel cell vehicles, and exploring opportunities to leverage Cummins electrolizer and fuel cell technologies at one or more of Chevron’s domestic refineries.
“Chevron is committed to developing and delivering affordable, reliable, ever-cleaner energy, and collaborating with Cummins is a positive step toward our goal of building a large-scale business in a lower-carbon area that is complementary to our current offerings,” said president of Chevron’s Americas Fuels and Lubricants Andy Walz.
“Hydrogen is just one lower-carbon solution we are investing in that will position our customers to reduce the carbon intensity of their businesses and everyday lives,” Walz said.
“We’ve also invested in developing and supplying renewable natural gas, blending renewables into our fuels, coprocessing biofeedstocks in our refineries, and abatement projects that will reduce the carbon intensity of our operations,” he added.
Amy Davis, vice-president and president of new power at Cummins said that working with Chevron to advance hydrogen technology and accelerate ecosystem development helps Cummins continue its goal in enabling a carbon-neutral world.
“The energy transition is happening, and we recognize the critical role hydrogen will play in our energy mix. We’ve deployed more than 2,000 fuel cells and 600 electrolyzers around the world and are exploring other hydrogen alternatives including a hydrogen-fueled internal combustion engine as we continue to accelerate and harness hydrogen’s powerful potential,” Amy Davis added.
