Chevron and Caterpillar Enter Collaboration Agreement to Develop Hydrogen Demonstration Projects
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Chevron U.S.A., a subsidiary of Chevron Corporation and Caterpillar entered into a collaboration agreement to develop hydrogen demonstration projects in transportation and stationary power applications, including prime power.
The goal of the collaboration is to confirm the feasibility and performance of hydrogen for use as a commercially viable alternative to traditional fuels for line-haul rail and marine vessels. The collaboration also seeks to demonstrate hydrogen’s use in prime power. Linked to the collaboration, and facilitated by Progress Rail, a Caterpillar company, the parties also agreed to demonstrate a hydrogen-fueled locomotive and associated hydrogen-fueling infrastructure. Work on the rail demonstration will begin immediately at various locations across the United States.
“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,” said Jeff Gustavson, president of Chevron New Energies.
“Our collaboration with Caterpillar is another important step toward advancing a commercially viable hydrogen economy,” added Gustavson.
“As we work to provide customers with the capability to use their desired fuel type in their operations, collaborating with Chevron is a great opportunity to demonstrate the viability of hydrogen as a fuel source,” said Joe Creed, Caterpillar group president of Energy & Transportation.
“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,” added Creed.
About Chevron
Chevron is one of the world’s leading integrated energy companies. They believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and the industry. To advance a lower-carbon future, they are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of its business, and investing in low-carbon technologies that enable commercial solutions.
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About Caterpillar
With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Since 1925, they have been driving sustainable progress and helping customers build a better world through innovative products and services. Throughout the product life cycle, they offer services built on cutting-edge technology and decades of product expertise. These products and services, backed by their global dealer network, provide exceptional value to help customers succeed. They do business on every continent, principally operating through three primary segments — construction industries, resource industries, and energy & transportation — and providing financing and related services through their financial products segment.
To stop by Caterpillar’s website, CLICK HERE
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