Chevron and Cummins target hydrogen in alliance
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. “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 feed stock and an energy storage medium,’’ said Michael Wirth, Chevron’s chairman and chief executive.