CUMMINS SIGNS MEMORANDUM OF UNDERSTANDING TO DEMONSTRATE REAL-WORLD HYDROGEN ECOSYSTEM
An important step towards the decarbonization of heavy-duty and vocational industries
Cummins Inc., (NYSE: CMI) a global power leader, today announced the signing of a Memorandum of Understanding (MoU) with Terex® Advance Mixer Inc., a subsidiary of Terex Corporation (NYSE: TEX), Edge Materials LLC and PCC Hydrogen Inc., to produce, trial and prove concrete mixer trucks powered by Cummins’ zero-carbon, hydrogen fueled internal combustion engines.
The project aims to develop a full hydrogen eco-system together with a hydrogen producer, vehicle manufacturer and end user. It is the first MoU of its kind signed by Cummins®. The four companies will unite their efforts, which will see Cummins’ X15H hydrogen internal combustion engines integrated into the Terex Advance Commander Series of front-discharge concrete mixer trucks. Edge Materials, LLC, a ready-mix concrete provider and Terex Advance customer will operate the hydrogen-powered trucks in challenging real-world environments including on construction sites and critical infrastructure projects. PCC Hydrogen, an ultra-low carbon intensity hydrogen producer based in Louisville, KY, will supply the hydrogen fuel as well as stationary storage and dispensing services.
“While Cummins is investing in a range of power options to support decarbonization, hydrogen internal combustion engines are emerging as a key technology to eliminate carbon emissions from heavy-duty sectors, while retaining the power density and operational range typical of diesel engines,” Jim Nebergall, General Manager - Hydrogen Engines at Cummins explained. “This collaboration represents an end-to-end demonstration of how hydrogen internal combustion engines work practically in tough applications using real trucks, real infrastructure and real end-users.”
Aligned with Destination Zero™ - Cummins’ strategy to reduce the greenhouse gas and air quality impacts of its products - the four-company collaboration will spearhead a complete and viable approach to decarbonizing mixer trucks, without impacting vehicle performance.
David Grabner, General Manager at Terex Advance Mixer, added, “Customers expect Terex Advance concrete mixer trucks to deliver consistent and high-quality concrete efficiently and reliably, while also minimizing environmental impact through reduced emissions and fuel consumption. Decarbonizing concrete mixer trucks, however, can be difficult due to the energy demands and long operational hours. This project marks a significant milestone in our decarbonization journey, as Cummins’ X15H engines introduce an alternative, zero-carbon emissions option for our customers, while providing the performance our trucks need to get the job done.”
Using proven internal combustion engine technology, Cummins’ hydrogen engines use zero-carbon hydrogen fuel rather than traditional diesel. They are similar in architecture to today’s diesel and natural gas-powered engines, offering heavier-duty, longer range applications a route to decarbonize without major changes to vehicle designs and at a lower upfront cost than current zero-carbon alternatives.
Dana Boyd, President, Edge Materials LLC, concludes, “We are excited to be facilitating the combined efforts of Cummins, Terex Advance and PCC Hydrogen to demonstrate a real-life carbon reduction system for concrete delivery. As industries are looking for ways to reduce carbon emissions, we will be aligning our pioneering efforts utilizing the X15H engine in front-discharge concrete mixer trucks to show that hydrogen technology is a viable alternative fuel for demanding on- and off-highway environments.”
Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse consequences resulting from entering into the Settlement Agreements, including required additional mitigation projects, adverse reputational impacts and potential resulting legal actions; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; evolving environmental and climate change legislation and regulatory initiatives; changes in international, national and regional trade laws, regulations and policies; changes in taxation; global legal and ethical compliance costs and risks; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; climate change, global warming, more stringent climate change regulations, accords, mitigation efforts, greenhouse gas regulations or other legislation designed to address climate change; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions, divestitures or exiting the production of certain product lines or product categories and related uncertainties of such decisions; increasing interest rates; challenging markets for talent and ability to attract, develop and retain key personnel; exposure to potential security breaches or other disruptions to our information technology (IT) environment and data security; the use of artificial intelligence in our business and in our products and challenges with properly managing its use; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; failure to meet sustainability expectations or standards, or achieve our sustainability goals; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2024 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at https://www.sec.gov or at https://investor.cummins.com in the Investor Relations section of our website.
Terex Advance Mixer Inc.
Terex Advance Mixer, Inc. is a manufacturer of front discharge concrete mixer trucks and is a subsidiary of Terex Corporation, a global manufacturer of materials processing machinery and aerial work platforms. Terex Advance Mixer has a 50-year history of specializing in the design, production, and support of a comprehensive lineup of concrete mixer trucks, which are essential vehicles to the construction and concrete industries.
PCC Hydrogen Inc.
PCC Hydrogen has pioneered hydrogen production from renewable fuels in a distributed and cost-effective manner, enabling the production of negative carbon index hydrogen while capturing pure CO2 byproduct gas.
Edge Materials LLC
Edge Materials, LLC is a Midwest regional ready-mix concrete business, is committed to delivering superior products and environmental stewardship. Their fleet of mixer trucks is powered by Cummins engines, ensuring high-quality service.
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