April 3rd, 2023
Kannaki Deka, Reuters
News
Cummins to invest over $1bln to upgrade U.S. facilities
to new clean energy tech
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Tokyo. Yuriko Nakao, Reuters
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Cummins Inc said on Monday it would invest more than $1 billion across
its U.S. engine manufacturing network to upgrade some facilities to
support new clean energy technologies.
The announcement comes ahead of U.S. President Joe Biden's visit to
the engine maker's facility in Fridley, Minnesota later in the day as
part of his administration's 'Investing in America' tour.
Cummins said the investment would go towards its facilities in
Indiana, North Carolina and New York, to upgrade its clean energy
technology including fuel-agnostic engine platforms that would run on
low-carbon fuels like natural gas, diesel and eventually hydrogen.
"The electrolyzer production in Minnesota and investment in our
Indiana, North Carolina and New York facilities are reflective of our
dual path approach of advancing both engine-based and zero-emission
solutions," Chief Executive Jennifer Rumsey said in a statement.
The Columbus, Indiana-based company, known for its diesel and natural
gas engines, has accelerated its push towards clean energy solutions
to sell to its industrial and commercial transportation customers, as
the trucking industry is expected to face tougher greenhouse emissions
regulations this year.
The $1 billion announced is in addition to the investment of $1.5
billion that the engine maker announced last month.
(Reporting by Kannaki Deka in Bengaluru; Editing by Rashmi Aich)
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