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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cummins Inc | NYSE:CMI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.47 | -0.16% | 291.14 | 292.47 | 290.61 | 291.02 | 480,216 | 00:58:27 |
By Chris Wack
Air Products & Chemicals Inc. and Cummins Inc. said they have signed a memorandum of understanding to work together to accelerate the integration of hydrogen fuel cell trucks in the Americas, Europe and Asia.
Cummins said it will provide hydrogen fuel cell electric powertrains integrated into selected original-equipment manufacturer partners' heavy-duty trucks for Air Products, as Air Products begins the process of converting its global fleet of distribution vehicles to hydrogen fuel cell vehicles.
Air Products said it plans to convert its global fleet of 2,000 trucks to hydrogen fuel cell zero-emission vehicles. Cummins and Air Products expect the demonstration phase to begin in 2022.
The companies said that they will also will work together to increase the accessibility of renewable hydrogen, including hydrogen infrastructure opportunities that promote the adoption of hydrogen for mobility.
Air Products is the world's largest hydrogen producer and owns and operates the world's largest production, gasification, carbon capture, transportation and fueling projects.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
July 26, 2021 10:50 ET (14:50 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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