AECOM Inks MoU To Develop Hydrogen-Powered Railway In Central Italy

AECOM ACM has signed a memorandum of understanding (MoU) with Spanish renewables group Iberdrola SA IBDRY and Italian partners Cinque International and Ancitel Energy and Environment to upgrade Italy's Apennine diesel railway with hydrogen trains.
Under the MOU, AECOM will lead engineering and program management, with Iberdrola acting as an industrial partner.
AECOM and its partners are working on four projects to support sustainable economic recovery in the region badly affected by earthquakes in 2009 and 2016.
The first project is upgrading the 300km Apennine line, one of Italy's first hydrogen railways.
The MOU also includes pre-feasibility work for a new rail line powered by green hydrogen linking Rome with Ascoli Piceno, a province in the Marche region.
The third project is to assess the potential for diffused green hydrogen manufacturing activity in the region.
The final project will look at ways to apply new energy and environmental technologies in post-earthquake reconstruction.
Price Action: ACM shares are trading higher by 2.17% at $63.09 on the last check Wednesday.