Chevron, Caterpillar to explore hydrogen opportunity
Both companies will partner to test the feasibility of hydrogen in various sectors, including transportation.
Chevron USA Inc, a subsidiary of Chevron Corporation, and Caterpillar Inc. will work on hydrogen projects in the transportation and power sector.
The partnership will mainly focus on testing hydrogen to check whether hydrogen can be used in line-haul rail and marine vessels as an alternative source to traditional fuels and test hydrogen in prime power and stationary power applications.
Furthermore, the partnership will soon start working to demonstrate hydrogen-fueled locomotives at various locations across the US.
Jeff Gustavson, president of Chevron New Energies, said: “Through Chevron New Energies, Chevron is pursuing opportunities to create demand for hydrogen, and the technologies needed for its use, for the heavy-duty transportation and industrial sectors, in which carbon emissions are harder to abate.”
Joe Creed, Caterpillar group president of Energy & Transportation, said: “ This agreement supports our commitment to investing in new products, technologies and services to help our customers achieve their climate-related objectives as they build a better, more sustainable world.”
Chevron recently signed an MoU with Cummins Inc. to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. The partnership focused on working hydrogen policy, developing end us demand, developing infrastructure especially for fuel cell vehicles and exploring opportunities for using Cummins electrolyser and fuel cell technologies at its refineries.