Cummins Inc Stock Price, News & Analysis

Atura Power has chosen Cummins (NYSE: CMI) to develop the electrolyzer system for Ontario's first 20-megawatt green hydrogen facility at the Niagara Hydrogen Centre. The facility will utilize Cummins' proton exchange membrane (PEM) technology powered by renewable hydroelectricity to produce carbon-free hydrogen for industrial clients. The project is set to launch in early 2024 and aims to support Ontario's decarbonization efforts. This collaboration marks a significant step towards establishing a hydrogen economy in Canada.

Cummins Inc. (NYSE: CMI) has announced the installation of its second largest solar array at the Rocky Mount Engine Plant in North Carolina. This 3.62 MW solar farm, covering 14 acres, will produce approximately 5.6 million kWh of power annually and aims to cut greenhouse gas emissions, supporting Cummins’ PLANET 2050 initiative to reduce emissions by 50% by 2030. The project utilizes solar tracking panels to enhance efficiency and is part of Cummins' broader strategy to increase renewable energy across its global facilities.

Cummins Inc. (NYSE: CMI) debuted its fourth-generation hydrogen fuel cell engine and new Meritor ePowertrain technologies at the IAA Transportation show in Hannover, Germany. The event marks the first public showcase of Cummins’ comprehensive zero-emissions technology portfolio, including a lithium iron phosphate (LFP) battery pack aimed at medium-duty trucks. Collaborations with major companies like Scania and Daimler Trucks highlight Cummins' commitment to decarbonization. The new technologies promise efficiency and cost advantages in electrified commercial vehicle applications.

Cummins Inc. (NYSE: CMI) announces that its Tier 4 QSK95 engine can now utilize renewable diesel without compromising EPA emission standards. This initiative, developed in partnership with Siemens Mobility, aims to support customers in reducing carbon emissions.

Testing revealed that using renewable diesel results in up to 13% lower NOx emissions and a 50% reduction in Particulate Matter. The use of hydrogenated vegetable oil (HVO) enhances the environmental sustainability of locomotives, demonstrating Cummins' commitment to decarbonization initiatives.

Cummins Inc. (NYSE: CMI) recently showcased Meritor's 17Xe ePowertrain at the IAA Transportation tradeshow in Hannover, Germany. This new powertrain is tailored for heavy-duty trucks, supporting up to 44 tons of gross combined weight. The system includes a lithium iron phosphate battery, enhancing Cummins' electrification efforts. Vice President Amy Davis emphasized their commitment to quick market entry for decarbonized transport solutions. The integration of Meritor's expertise positions Cummins as a leader in both electric and internal combustion powertrains.

Cummins Inc. (NYSE: CMI) plans to enhance its PEM electrolyzer manufacturing capacity at its Belgium factory to 1 gigawatt (GW) as part of the EU's IPCEI Hy2Tech program, recently approved by the European Commission. This initiative, supported by the Flanders Innovation & Entrepreneurship Agency, will advance the production of hydrogen systems. The expansion aligns with Cummins' commitment to driving the green hydrogen economy, facilitating new infrastructure projects, and helping to meet decarbonization goals globally. The company is also scaling production capabilities at facilities in Canada, Spain, and China.

Werner Enterprises has signed a letter of intent to purchase 500 Cummins 15-liter hydrogen internal combustion engines, pending availability. Both companies are focused on sustainability, with Werner targeting a 55% reduction in greenhouse gas emissions by 2035. Cummins aims to manufacture hydrogen engines at scale by the end of the decade, highlighting their potential in the decarbonization journey. The engines are designed to integrate seamlessly with existing systems, offering low costs and durability comparable to diesel engines.

Cummins Inc. (NYSE: CMI) has entered a partnership with Transport Enterprise Leasing (TEL) for the integration of 15-liter hydrogen internal combustion engines into TEL's heavy-duty truck fleet. This collaboration aims to meet customer demands for lower emissions while enhancing operational efficiency. Cummins emphasizes the adaptability and cost-effectiveness of hydrogen engines, which utilize existing technology and infrastructure. The company will showcase its hydrogen solutions at an upcoming tradeshow in Hannover, Germany, furthering its commitment to decarbonization.