Cummins invests in electric, fuel-cell powertrains
Hyundai Motor Company and Cummins announced a memorandum of understanding (MOU) to jointly evaluate opportunities to develop and commercialize electric and fuel-cell powertrains.
The initial development will be focused on the North American commercial vehicle market, including working with North American OEMs on the integration of these systems into their vehicles. The companies will also explore ways they can work together to develop next-generation fuel-cell systems, and they have each committed to assign a team of individuals to investigate and pursue other areas of collaboration.
Earlier this month Cummins closed on its acquisition of Hydrogenics. The acquisition of Hydrogenics, with Air Liquide’s support, was aimed at accelerating Cummins’ ability to further develop hydrogen fuel-cell technologies across a range of commercial markets.
Hydrogenics will report under Cummins’ Electrified Power Business Segment, led by Thad Ewald, Vice President – Corporate Strategy, and its operations will continue to be headquartered in Mississauga, Canada.
Cummins also announced this month an investment in Loop Energy, a provider of fuel-cell electric range extenders for medium- and heavy-duty transport applications. The investment will fund product development, project deployments, and growth plans. Loop Energy will supply Cummins with range extender systems for incorporation into demonstration trucks.