- Cummins Inc. CMI received an award from the UK Government, provided through the Advanced Propulsion Centre (APC), to play a significant role in de-carbonizing transport from 2025 onward.
- The financial terms of the contract were not disclosed.
- The Company’s hydrogen-fueled internal combustion engine (H2-ICE) program is beginning to develop a medium-duty 6.7-liter and a heavy-duty 15-liter engine.
- The goal for the new hydrogen engines is to achieve zero carbon emissions, enhanced power density, and improved thermal efficiency.
- The development of the 6.7-liter hydrogen engine will focus on medium-duty trucks, buses, and construction applications, such as excavators and wheel loaders.
- Cummins global technical centers will work together to achieve commercial viability for the H2-ICE project on a global basis. Part of the development work at the Cummins Darlington facility will be supported by a funding award recently received from the UK Government.
- Cummins adds another vital resource in integrating the hydrogen engine with the high-pressure gas vessels and supply lines it makes through its JV, NPROXX, which are installed on the vehicle or the equipment.
- Price Action: CMI shares are trading higher by 2.85% at $227.93 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in