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Chevron U.S.A. Inc. and Cummins Inc. announced a memorandum of understanding (MOU) to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources.
The MOU provides the framework for Chevron and Cummins to initially collaborate on four main objectives: advancing public policy that promotes hydrogen as a decarbonizing 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 electrolyzer and fuel cell technologies at one or more of Chevron’s domestic refineries.
“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,” said Andy Walz, president of Chevron‘s Americas Fuels and Lubricants. “We’ve also invested in developing and supplying renewable natural gas, blending renewables into our fuels, co-processing bio-feed stocks in our refineries, and abatement projects that will reduce the carbon intensity of our operations.”
“The energy transition is happening, and we recognize the critical role hydrogen will play in our energy mix,” said Amy Davis, vice president and president of new power at Cummins. “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.”