Cummins Inc. announced the acquisition of assets from First Mode, a company specializing in retrofit hybrid solutions for mining and rail operations. The acquisition includes First Mode's hybrid mining and rail product lines, along with its complete intellectual property portfolio covering hydrogen and battery powertrain solutions.
This technology represents the first commercially available retrofit hybrid system for mining equipment, designed to significantly reduce the total cost of ownership while advancing decarbonization efforts. Cummins is also acquiring First Mode’s commercial portfolio, manufacturing, and technical teams located in Australia, the United States, and Chile.
The acquisition reinforces Cummins' commitment to providing innovative decarbonization solutions and will operate within the Power Systems industrial segment. Jenny Bush, President of Power Systems at Cummins, stated that this step accelerates the company's ability to meet miners' needs to drive down operating costs today.
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