Cummins Executive Promotes Energy Diversity to Address Climate Change

Cummins executive Tony Satterthwaite, shown here at a management conference in 2017, testified today before a House Committee on climate change.
Cummins executive Tony Satterthwaite, shown here at a management conference in 2017, testified today before a House Committee on climate change.

A Cummins executive told a U.S. House Select Committee today that policy decisions promoting energy diversity are the best way to address climate change in the heavy-duty transportation sector.

Tony Satterthwaite, President of the Distribution segment at the company, said a diversity of fuels, including diesel, natural gas, electrified power and developing technologies such as hydrogen fuel cells, give customers the chance to pick what works best for their circumstances (you can watch Tony's testimony here).

“As we look to the future of the heavy-duty transportation sector, we see a sector that is highly complex and one in which we don’t believe there will be one technological solution that will meet all needs”, Satterthwaite said in testimony submitted to the House Select Committee on Climate Crisis. 

“Public policy plays an important role in facilitating this energy diverse future for the heavy-duty sector,” Satterthwaite said. “We think the best policies are ones that don’t pick winners and losers but focus on desired outcomes. The best technology to solve a problem today may not be the best in six months or two years.”

Tony Satterthwaite - U.S. House Committee on the Climate Crisis
Tony Satterthwaite, President of Cummins' Distribution Business, provides testimony in front of the U.S. House Committee on the Climate Crisis (July 16, 2019). 

ENERGY DIVERSITY

Cummins is committed to investing in an energy diverse future where its customers have a broad portfolio of power options – including clean diesel, natural gas, electrified power and even fuel cell technology – so they can choose what works best for them.

While perhaps best known for its diesel and natural gas engines, the company established its Electrified Power segment in 2018 and recently announced it had entered into an agreement to acquire, through a wholly-owned subsidiary, fuel cell systems provider Hydrogenics Corporation. 

Satterthwaite told the committee climate change is a significant threat and encouraged it to take steps promoting innovation, especially in the development of energy infrastructure. He said it might be some time for all communities to have access to the full range of energy options.

Cummins believes, for example, that some of its customers may opt for clean diesel as the infrastructure is developed across the country for electrified power. Clean diesel has made significant strides. It would take 60 of today’s diesel trucks to equal the emissions of a new truck sold in 1988.  

Enacting policies that promote the power of choice for every market will help ensure that every community has the proven technology necessary to meet air quality and climate goals while promoting economic growth.

The hearing today (July 16, 2019) in Washington, D.C., was titled “Solving the Climate Crisis: Cleaning Up Heavy-Duty Vehicles, Protecting Communities.” The select committee’s goal is to reduce carbon within the heavy-duty transportation sector, with a primary focus on electrification. Cummins was invited as a stakeholder to give its perspective on energy diversity.

Since its inception, the select committee has held four hearings and two policy roundtables. The committee is led by U.S. Rep. Kathy Castor, a Florida Democrat.   

CUMMINS’ COMMITMENT

Cummins is the largest independent producer of diesel engines and diverse power solutions in the world. It embraced regulations more than 30 years ago, developing technology that enabled the company to meet standards that reduced particulate matter (PM) emissions in the diesel engine by 90 percent and oxides of nitrogen (NOx) emissions by 95 percent, while improving fuel-efficiency.

PM and NOx are key contributors to smog while improving fuel economy reduces carbon dioxide (CO2), a key component to climate change.

The company has set specific goals to reduce the waste it produces and the water and energy it uses and recently announced it had met its goal two years early to partner with customers to improve the efficiency of its products in use. Cummins fuel teams have conducted nearly 300 projects with customers since 2014 to reach an annual run rate reduction of 3.5 million metric tons of CO2.

Infographic from Diesel Technology Forum
The Diesel Technology Forum produced this graphic on the gains clean diesel has made over the years.


 

Cummins India Limited Results for the quarter ended June 30, 2022

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Pune, India: Cummins India Limited (NSE: CUMMINSIND) The Board of Directors of Cummins India Limited (CIL), at their meeting held today, reviewed and approved the financial results for the quarter ended June 30, 2022. 


Performance Highlights (based on standalone financial results) for the quarter ended June 30, 2022:
 

•    Total Sales for the quarter at ₹ 1,657 Cr. increased by 42% compared to the same quarter last year and by 13% compared to the previous quarter.
•    Domestic sales at ₹ 1,172 Cr. increased by 36% compared to the same quarter last year and by 12% compared to the previous quarter.
•    Exports Sales at ₹ 485 Cr. increased by 58% compared to the same quarter last year and by 14% compared to the previous quarter.
•    Profit before exceptional items and tax at ₹278 Cr. is higher by 63% compared to the same quarter last year and higher by 14% compared to the previous quarter.
•    Profit before tax at ₹264 Cr. is lower by 13% compared to the same quarter last year and higher by 8% compared to the previous quarter.
 

Ashwath Ram, Managing Director, Cummins India Limited, said: 
 

The new fiscal year started positively with strong demand from most end markets. GST monthly collections, higher highway construction annual targets, and increased consumption of petroleum products reaffirms the strength of underlying trade activities. Geopolitical risk, high inflation, and supply chain disruptions continue to pose challenges. Cummins India can effectively meet demand despite these issues due to its integrated supply chain management with a global network. While we effectively deal with challenges and closely monitor any potential impact of rising interest rates on the demand, we remain optimistic about the short to medium-term demand outlook. 

Future Outlook:
 

The company believes that the strong demand from various end markets may likely sustain. At the same time, high inflation and supply chain issues will, in all probability, continue to impact the industry. The company, being part of the globally integrated supply chain, is well positioned to manage parts supplies to mitigate the impact on revenue and profitability. We are closely monitoring the result of the geopolitical events unfolding in different parts of the world and their impact on global demand and supply chain. Considering the uncertainty, the company will not provide any guidance for FY 23.
 


About Cummins India Limited 


Cummins India Limited, part of the Cummins Group in India, is headquartered in Pune since 1962 and is the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. Cummins India Limited has a country-wide network of 20 dealerships with over 450 service points that provides products, services, and after-market solutions for uptime of Cummins equipment and engines to customers in India, Nepal, and Bhutan. 
 

About Cummins Group in India:
 

Cummins in India, a power leader, is a group of complementary business units that design, manufacture, distribute, and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions, and electrical power generation systems. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high-performance outlook is based on customer focus, integrity, and capability of its people. Part of the $19.8 billion Cummins Inc. USA. Cummins in India is a Group of seven legal entities across 200 locations in the country with a combined turnover of ₹17,900 crores in 2021 and employing over 10,000 individuals. Learn more at cummins.com.

Cummins salutes its star dealers in U.K. and Ireland for their exceptional performance

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Cummins, a global power leader, has bestowed prestigious awards to three of its dealers in the UK and Ireland.

The trio – Vasi Southern Ltd, Universal Components UK Ltd and CSL Power Systems Ltd – were recognised for their outstanding focus on customer satisfaction and for delivering exceptional performance and results.

Relating to the 2021 calendar year, the awards cover a period when the UK and Irish economies were still coming to terms with the disruption caused by the Covid pandemic.

Customers of Cummins, spread across a variety of business sectors, looked to their local dealer to provide the continuity of service that was essential if they were to trade through the toughest of times.

All three Cummins award winners demonstrably went above and beyond what their customers were expecting.

Vasi Southern Ltd is an approved parts and service dealer based in the port city of Southampton. It specialises in marine engines and Onan generator sets. The company won the same award in 2020 and its back-to-back success was down to a commitment to increasing revenue and achieving all of its key performance targets.

Simon Green – Vasi Southern Ltd
Simon Green – Vasi Southern Ltd

Universal Components UK Ltd is an approved parts dealer based in Barnsley, South Yorkshire. In 2021, it achieved the highest sales growth by any dealer within the Cummins UK and Ireland network. Its strategic stockholding meant the business could ride out supply challenges while continuing to target new markets and geographical locations.

Rick Lewis & Stuart Ponsonby – Universal Components
Rick Lewis & Stuart Ponsonby – Universal Components

CSL Power Systems Ltd, based in Kent with additional resource availability nationwide is an approved Power Generation sales and service dealer. The company is a specialist in the installation and maintenance of industrial generator sets, including units for banks and commercial buildings.

Kurt Gozzett & Todd Trent – CSL Power Systems
Kurt Gozzett & Todd Trent – CSL Power Systems

As well as achieving all its key performance targets, CSL Power Systems Ltd demonstrated a clear desire to grow its operations, proactively promoting the Cummins product.

Graham Cook, Cummins’ Dealer Manager for UK and Ireland, praised the award-winning dealers for their commitment, commenting: “Our authorised dealers throughout the UK and Ireland form an integral part of our sales network. Vasi Southern, Universal Components and CSL Power Systems demonstrated their commitment and capabilities through 2021, further strengthening the channel, maximising profitable aftermarket growth, and delivering excellent customer support.

To locate your nearest authorised Cummins dealer visit our sales and service locator

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