Engine maker Cummins is investing in building new factory capacity for electric powertrains as well as other components with zero emissions. The firm is sourcing US$75 million of the financing via a grant from the US Department of Energy.
This will be used to develop an area of 33,435m2 of the factory at its Columbus (Indiana) Engine Plant (CEP) for zero-emissions components and electric powertrain systems. This is the biggest ever federal grant ever awarded solely to Cummins and is part of the appropriations related to the Inflation Reduction Act. The total investment in the plant will be $150 million, which will also generate new jobs.
The firm has already invested heavily in expanding its offering for low emissions and zero emissions powertrain technologies. Cummins has made strategic acquisitions of a number of firms making electric motors, batteries, fuel cells and electrolysis technology for hydrogen production. This latest move will further expand its capabilities in the sustainable, zero emissions powertrain segment, reinforcing its position as a leader in this increasingly important market.
Part of President Joe Biden’s Investing in America agenda, a key pillar of Bidenomics, the US Department of Energy (DOE) has announced up to $325 million for 15 projects across 17 states and one tribal nation to accelerate the development of long-duration energy storage (LDES) technologies.
Funded by President Biden’s Bipartisan Infrastructure Law, these demonstration projects will increase community control of local power systems, mitigate risks associated with disruptions to the grid, and help communities develop reliable and affordable energy systems.
Today’s announcement will help DOE realise its Long Duration Storage Shot goal of reducing the cost of LDES by 90% by 2030 and supports the Biden-Harris Administration’s efforts to advance critical clean energy technologies, expand the adoption of renewable energy resources, and strengthen America’s energy security.
“As we build our clean energy future, reliable energy storage systems will play a key role in protecting communities by providing dependable sources of electricity when and where it’s needed most, particularly in the aftermath of extreme weather events or natural disasters,” said US secretary of Energy Jennifer M Granholm.
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Cummins will boost manufacturing capacity for electric powertrains and its other zero emissions technologies
