Cummins (CMI) announced the acquisition of assets of First Mode, a company in retrofit hybrid solutions for mining and rail operations. The acquisition includes hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of ownership while advancing decarbonization in operations. In addition, Cummins is acquiring First Mode’s commercial portfolio, manufacturing and technical teams in Australia, the United States and Chile. First Mode will continue to serve customers through the transition and is dedicated to meeting customers’ needs by shipping product in Q1.
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