Jul 15, 2021 / 04:39 PM EST
COLUMBUS, Ind. (Inside INdiana Business) Columbus-based Cummins Inc. (NYSE: CMI) is partnering with Chevron Corp. (NYSE: CVX) in California for what they’re calling a strategic collaboration on hydrogen. The companies have inked a Memorandum of Understanding to explore an alliance to develop “commercially viable business opportunities in hydrogen and other alternative energy sources.”
With the MOU in place, Cummins and Chevron say they will initially collaborate on four main objectives:
Advancing public policy that promotes hydrogen as a decarbonizing solution for transportation and industry
Building market demand for commercial vehicles and industrial applications powered by hydrogen
Chevron and Cummins announce strategic collaboration on hydrogen
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