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Cummins acquires First Mode, a company specializing in retrofit hybrid solutions for mining and rail operations

Summary by The Republic

COLUMBUS, Ind. — Cummins Inc. announced Tuesday the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. The acquisition includes hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of o…

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The Republic

Cummins acquires First Mode, a company specializing in retrofit hybrid solutions for mining and rail operations

1 month ago·Columbus, United States

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1010 WCSI

Cummins Announces Acquisition of First Mode

Cummins Inc. (NYSE: CMI) announced Tuesday the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. The acquisition includes hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of owners…

29 days ago

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H2 Energy Group

H2-View News: Cummins buys hydrogen-battery mining tech firm after Anglo pull-back

The US engine manufacturer said the acquisition included the firm’s full IP portfolio, which includes hydrogen and battery powertrain solutions, as well as hybrid mining and rail product lines. In addition to the technology, Cummins said it is buying First Mode’s commercial portfolio, manufacturing and technical teams in Australia, the US and Chile. First Mode

29 days ago

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