Chevron, Cummins To Collaboration on Hydrogen Development
Chevron and Cummins introduced they are going to type an alliance to develop commercially viable enterprise alternatives in hydrogen and different different vitality sources
The 2 corporations entered right into a memorandum of understanding, which offers the framework for Chevron and Cummins to initially collaborate on 4 major targets:
Advancing public coverage that promotes hydrogen as a decarbonizing answer for transportation and business.
Constructing market demand for industrial automobiles and industrial purposes powered by hydrogen.
Creating infrastructure to help using hydrogen for business and gasoline cell automobiles.
Exploring alternatives to leverage Cummins electrolyzer and gasoline cell applied sciences at a number of of Chevron’s home refineries.
“Chevron is dedicated to creating and delivering inexpensive, dependable, ever-cleaner vitality, and collaborating with Cummins is a constructive step towards our objective of constructing a large-scale enterprise in a lower-carbon space that’s complementary to our present choices,” mentioned Andy Walz, president of Chevron’s fuels and lubricants within the Americas, in a press launch. “Hydrogen is only one lower-carbon answer we’re investing in that can place our prospects to scale back the carbon depth of their companies and on a regular basis lives.”
Earlier this 12 months, Chevron fashioned an identical alliance with Toyota Motor North America to catalyze and lead the event of commercially viable, large-scale companies in hydrogen, with the objective to advance a practical, thriving world hydrogen economic system.
Underneath than partnership, Chevron is looking for to know the present and future market demand for heavy-duty gasoline cell electrical automobiles and provide alternatives for that demand, firm officers mentioned.
Chevron final 12 months joined the Hydrogen Council, a world advisory physique offering a long-term imaginative and prescient for the position of hydrogen within the vitality transition.
“Our help for the Hydrogen Council displays our view that hydrogen can play a job in a decrease carbon future as a transportation gasoline, an industrial feedstock and an vitality storage medium,” mentioned Michael Wirth, Chevron’s chairman and CEO.