US-based tech provider Cummins and Denmark's Danfoss Power Solutions’ Editron division have signed a Memorandum of Understanding (MOU) to bring a standard hybrid marine solution to the global maritime market.
The partnership aims to develop standardized hybrid-electric marine solutions to help the industry meet ambitious emissions reduction targets. U.S.-based engine manufacturer Cummins Inc. (NYSE: CMI) and Danfoss Power Solutions’ Editron.