Concur to show hydrogen locomotive prototype
SAN RAMON, Calif. & DEERFIELD, Sick., September 08, 2021–(Enterprise WIRE)–Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Caterpillar Inc. (NYSE: CAT) currently introduced a collaboration settlement to develop hydrogen demonstration tasks in transportation and stationary electrical power programs, which include primary power.
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The purpose of the collaboration is to confirm the feasibility and efficiency of hydrogen for use as a commercially feasible alternative to standard fuels for line-haul rail and maritime vessels. The collaboration also seeks to demonstrate hydrogen’s use in primary electricity. Linked to the collaboration, and facilitated by Development Rail, a Caterpillar corporation, the parties also agreed to reveal a hydrogen-fueled locomotive and affiliated hydrogen-fueling infrastructure. Operate on the rail demonstration will start instantly at numerous places across the United States.
“By means of Chevron New Energies, Chevron is pursuing chances to make demand for hydrogen – and the systems desired for its use – for the weighty-responsibility transportation and industrial sectors, in which carbon emissions are more challenging to abate,” said Jeff Gustavson, president of Chevron New Energies. “Our collaboration with Caterpillar is a different important phase toward advancing a commercially feasible hydrogen overall economy.”
“As we perform to deliver clients with the capability to use their preferred gas sort in their operations, collaborating with Chevron is a fantastic option to reveal the viability of hydrogen as a gas source,” mentioned Joe Creed, Caterpillar group president of Electricity & Transportation. “This arrangement supports our dedication to investing in new solutions, technologies and companies to support our customers realize their climate-connected targets as they establish a greater, a lot more sustainable environment.”
Chevron is one of the world’s primary built-in strength firms. We imagine cost-effective, reputable and at any time-cleaner electricity is essential to acquiring a extra affluent and sustainable planet. Chevron makes crude oil and natural fuel manufactures transportation fuels, lubricants, petrochemicals and additives and develops systems that improve our business and the sector. To progress a reduce-carbon potential, we are concentrated on price tag effectively decreasing our carbon depth, growing renewables and offsets in assist of our business enterprise, and investing in very low-carbon systems that allow professional alternatives. Extra details about Chevron is offered at www.chevron.com.
With 2020 product sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s foremost producer of development and mining gear, diesel and all-natural gas engines, industrial fuel turbines, and diesel-electric locomotives. Considering the fact that 1925, we’ve been driving sustainable progress and serving to shoppers build a much better entire world by means of impressive merchandise and companies. During the products lifetime cycle, we give expert services designed on cutting-edge technological know-how and many years of item expertise. These goods and expert services, backed by our global vendor network, present remarkable price to assist our clients do well. We do small business on each continent, principally running via 3 key segments – Design Industries, Useful resource Industries, and Strength & Transportation – and offering financing and connected products and services by means of our Economic Products and solutions section. Check out us at caterpillar.com or be part of the dialogue on our social media channels at caterpillar.com/social-media.
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Tyler Kruzich, Chevron External Affairs
t. (925) 549-8686
Kate Kenny, Caterpillar
Worldwide Federal government & Company Affairs
t. (309) 361-9333