Momentum growing for new 15-liter Hydrogen
engine, part of Cummins’ fuel agnostic platform
Werner Enterprises (Nasdaq: WERN), a premier transportation and
logistics provider, and Cummins Inc. (NYSE: CMI), a global power
solutions provider, announced today Werner signed a letter of
intent to purchase 500 Cummins’ 15-liter hydrogen internal
combustion engines upon availability. The two companies announced
earlier this year, Werner Enterprises plans to validate and
integrate Cummins’15-liter natural gas and Cummins’ X15H hydrogen
engines, both part of Cummins’ fuel agnostic platform, into their
fleet.
“At Werner, we’re committed to a 55 percent reduction in
greenhouse gas emissions by 2035 because we recognize the important
role our sustainability efforts play,” said Werner’s Chairman,
President and CEO, Derek Leathers. “Our customers are showing
increased interest in more sustainable choices in the marketplace,
and we see significant potential in utilizing Cummins’ fuel
agnostic platform to continue the momentum toward reducing our
carbon footprint.”
“We are pleased to see the leadership of customers like Werner
Enterprises, who are exploring solutions like our fuel agnostic
platform to help their own customers. The future will include many
solutions to help customers decarbonize, and we believe hydrogen
internal combustion engines will play an important role,” said
Brett Merritt, Vice President On-Highway Engine Business, Cummins
Inc.
Since announcing the fuel agnostic platform, which includes the
Hydrogen option in both the 15 liter and 6.7 liter displacements,
Cummins has responded to customer interest globally about the
potential of the platform, and Hydrogen in particular.
“Our fleet customers have shown tremendous enthusiasm for
Hydrogen internal combustion engines, which we believe can be a
breakthrough technology essential to reaching Destination Zero,”
said Jim Nebergall, General Manager, Cummins Hydrogen Engine
Business. “With enough interest, we believe we can manufacture this
technology at scale yet this decade providing customers with an
option that is a low initial cost, extended vehicle range,
powertrain installation commonality, and end user familiarity.”
Destination Zero™ is Cummins’ strategy to go further, faster to
reduce the greenhouse gas (GHG) and air quality impacts of its
products and reach net-zero emissions by 2050.
Hydrogen engines offer OEMs and end-users the benefit of
adaptability by continuing to use familiar mechanical drivelines
with vehicle and equipment integration. This mirrors current
powertrains while continuing to provide the power and capability
for meeting application needs. Significant reuse of parts and
components from Cummins’ existing platforms drives scale advantages
on cost and is also projected to deliver reliability and durability
equal to diesel.
Hydrogen engines can use zero-carbon green hydrogen fuel,
produced by Cummins-manufactured electrolyzers. The projected
investment in renewable hydrogen production globally will provide a
growing opportunity for the deployment of hydrogen-powered fleets
utilizing either Cummins fuel cell or engine power.
Cummins Inc. will showcase its commitment to decarbonization at
the industry’s largest tradeshow in Hannover, Germany this
September. Cummins will display both medium- and heavy-duty
hydrogen products, highlighting the technology’s ability to support
decarbonization across multiple duty-cycles.
About Werner Enterprises
Werner Enterprises, Inc. (Nasdaq: WERN) delivers superior
truckload transportation and logistics services to customers across
the United States, Mexico and Canada. With 2020 revenues of $2.4
billion, an industry-leading modern truck and trailer fleet, more
than 14,000 talented associates and our innovative Werner EDGE
technology, we are an essential solutions provider for customers
who value the integrity of their supply chain and require safe and
exceptional on-time service. Werner provides Dedicated and One-Way
Truckload services as well as Logistics services that include
truckload brokerage, freight management, intermodal and final mile.
As an industry leader, Werner is deeply committed to promoting
sustainability and supporting diversity, equity and inclusion. More
information can be found at www.werner.com.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of
complementary business segments that design, manufacture,
distribute and service a broad portfolio of power solutions. The
company’s products range from diesel, natural gas, electric and
hybrid powertrains and powertrain-related components including
filtration, aftertreatment, turbochargers, fuel systems, controls
systems, air handling systems, automated transmissions, electric
power generation systems, batteries, electrified power systems,
hydrogen generation and fuel cell products. Headquartered in
Columbus, Indiana (U.S.), since its founding in 1919, Cummins
employs approximately 59,900 people committed to powering a more
prosperous world through three global corporate responsibility
priorities critical to healthy communities: education, environment
and equality of opportunity. Cummins serves its customers online,
through a network of company-owned and independent distributor
locations, and through thousands of dealer locations worldwide and
earned about $2.1 billion on sales of $24.0 billion in 2021. See
how Cummins is powering a world that’s always on by accessing news
releases and more information at
https://www.cummins.com/always-on.
Cummins Forward-looking disclosure statement
Information provided in this release that is not purely
historical are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding our forecasts, guidance, preliminary results,
expectations, hopes, beliefs and intentions on strategies regarding
the future. These forward-looking statements include, without
limitation, statements relating to our plans and expectations for
our revenues and EBITDA. Our actual future results could differ
materially from those projected in such forward-looking statements
because of a number of factors, including, but not limited to: any
adverse results of our internal review into our emissions
certification process and compliance with emission standards;
increased scrutiny from regulatory agencies, as well as
unpredictability in the adoption, implementation and enforcement of
emission standards around the world; changes in international,
national and regional trade laws, regulations and policies; any
adverse effects of the U.S. government's COVID-19 vaccine mandates;
changes in taxation; global legal and ethical compliance costs and
risks; increasingly stringent environmental laws and regulations;
future bans or limitations on the use of diesel-powered products;
raw material, transportation and labor price fluctuations and
supply shortages; aligning our capacity and production with our
demand; the actions of, and income from, joint ventures and other
investees that we do not directly control; large truck
manufacturers' and original equipment manufacturers' customers
discontinuing outsourcing their engine supply needs or experiencing
financial distress, bankruptcy or change in control; product
recalls; variability in material and commodity costs; the
development of new technologies that reduce demand for our current
products and services; lower than expected acceptance of new or
existing products or services; product liability claims; our sales
mix of products; failure to complete, adverse results from or
failure to realize the expected benefits of the separation of our
filtration business; our plan to reposition our portfolio of
product offerings through exploration of strategic acquisitions and
divestitures and related uncertainties of entering such
transactions; challenging markets for talent and ability to
attract, develop and retain key personnel; climate change and
global warming; exposure to potential security breaches or other
disruptions to our information technology environment and data
security; political, economic and other risks from operations in
numerous countries including political, economic and social
uncertainty and the evolving globalization of our business;
competitor activity; increasing competition, including increased
global competition among our customers in emerging markets; labor
relations or work stoppages; foreign currency exchange rate
changes; the performance of our pension plan assets and volatility
of discount rates; the price and availability of energy; continued
availability of financing, financial instruments and financial
resources in the amounts, at the times and on the terms required to
support our future business; and other risks detailed from time to
time in our SEC filings, including particularly in the Risk Factors
section of our 2021 Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q. Shareholders, potential investors and other
readers are urged to consider these factors carefully in evaluating
the forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements made herein are made only as of the date of this press
release and we undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information,
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version on businesswire.com: https://www.businesswire.com/news/home/20220907005783/en/
Jon Mills Director, External Communications 317-658-4540
Jon.mills@cummins.com
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