Chevron and Cummins announced they will form an alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources
The two companies entered into a memorandum of understanding, which 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.
- Exploring opportunities to leverage Cummins electrolyzer 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 Andy Walz, president of Chevron’s fuels and lubricants in the Americas, in a press release. “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.”
Earlier this year, Chevron formed a similar alliance with Toyota Motor North America to catalyze and lead the development of commercially viable, large-scale businesses in hydrogen, with the goal to advance a functional, thriving global hydrogen economy.
Under than partnership, Chevron is seeking to understand the current and future market demand for heavy-duty fuel cell electric vehicles and supply opportunities for that demand, company officials said.
Chevron last year joined the Hydrogen Council, a global advisory body providing a long-term vision for the role of hydrogen in the energy transition.
“Our support for the Hydrogen Council reflects our view that hydrogen can play a role in a lower carbon future as a transportation fuel, an industrial feedstock and an energy storage medium,” said Michael Wirth, Chevron's chairman and CEO.
Originally posted on Trucking Info
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