Supermajor Chevron has signed a memorandum of understanding with power company Cummins to develop business opportunities in hydrogen and other alternative energy sources.
The scope of the MoU includes advancing public policy for hydrogen, building market demand for commercial vehicles powered by hydrogen, and developing infrastructure for industry and fuel cell vehicles.
“Chevron is committed to developing and delivering affordable, reliable, ever-cleaner energy, and collaborating with Cummins is a positive step toward our goal of building a large-scale business in a lower-carbon area that is complementary to our current offerings,” said Andy Walz, president of Chevron’s Americas fuels and lubricants.
“Hydrogen is just one lower-carbon solution we are investing in that will position our customers to reduce the carbon intensity of their businesses and everyday lives. We’ve also invested in developing and supplying renewable natural gas, blending renewables into our fuels, coprocessing biofeedstocks in our refineries, and abatement projects that will reduce the carbon intensity of our operations.”
Chevron also will explore using Cummins’ electrolyser and fuel cell technologies at its refineries.
“Working with Chevron to advance hydrogen technology and accelerate ecosystem development helps us continue our goal in enabling a carbon-neutral world,” said Amy Davis, vice president and president of new power at Cummins.
“The energy transition is happening, and we recognize the critical role hydrogen will play in our energy mix.”
The partnership will join other Chevron efforts to support the hydrogen sector, including a similar MoU signed between the oil company and automotive manufacturer Toyota also focused on infrastructure and policy needs of hydrogen-powered vehicles.