Cummins Inc. Acquires First Mode: Accelerating Decarbonization with Retrofit Hybrid Solutions for Mining and Rail Operations
Key Ideas
- Cummins Inc. has acquired assets of First Mode, including hybrid solutions for mining and rail with a focus on hydrogen and battery powertrain solutions, aiming to reduce total cost of ownership and advance decarbonization.
- The acquisition involves acquiring First Mode's commercial portfolio, manufacturing, and technical teams across multiple countries, demonstrating Cummins' commitment to providing innovative decarbonization solutions.
- Cummins is developing bridge technologies like hybrid retrofit kits and clean fuels to help miners reduce carbon emissions and adapt to evolving technologies while maximizing the life of existing fleets.
- With a global service network, Cummins is positioned to support the integration and ongoing maintenance of newly developed bridge technologies for mining and rail applications.
Cummins Inc. has announced the acquisition of assets of First Mode, a company specializing in retrofit hybrid solutions for mining and rail operations. This acquisition includes hybrid mining and rail product lines, along with the full IP portfolio encompassing hydrogen and battery powertrain solutions. The technology obtained from First Mode aims to provide the first commercially available retrofit hybrid system for mining equipment, which is expected to significantly decrease the total cost of ownership while promoting decarbonization in operations.
In addition to the technology acquisition, Cummins is also taking over First Mode's commercial portfolio, manufacturing facilities, and technical teams located in Australia, the United States, and Chile. This move reinforces Cummins' dedication to delivering innovative and effective decarbonization solutions, allowing the company to enhance its product portfolio and meet customers' needs amidst the transition to a lower-carbon future. First Mode will continue serving its customers during the transition period and is committed to shipping products in the first quarter.
Cummins' commitment to carbon reduction extends beyond this acquisition, as the company is actively developing various technology pathways to assist the mining industry in transitioning to a sustainable future. By focusing on product hybridization and clean fuels such as ethanol and methanol, Cummins is creating bridge technologies that enable miners to prolong the lifespan of existing fleets while reducing carbon emissions. The company aims to partner with original equipment manufacturers (OEMs) and miners to develop and test these technologies in real-world settings.
With its global service network, Cummins is poised to provide ongoing support for newly developed bridge technologies, ensuring seamless integration for mining and rail applications. This acquisition and Cummins' broader commitment to sustainability and decarbonization underscore the company's dedication to leading its Power Systems customers through the energy transition, as highlighted by Jenny Bush, the President of Power Systems at Cummins.
Topics
Production
Sustainability
Energy Transition
Mining Industry
Decarbonization
Acquisition
Power Solutions
Technology Pathways
Global Service Network
Latest News