STOCK TITAN

Accelera fuel cells power locomotive in Austrian project HY2RAIL

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Cummins Inc. (NYSE: CMI) achieves a milestone with the successful commissioning of a fuel-cell-powered locomotive for freight rail applications in partnership with ÖBB. The project, part of the HY2RAIL initiative, integrates Accelera fuel cells into a 120kW system, meeting stringent railway standards. The transformation from diesel-electric to emissions-free technology marks a significant step towards sustainable heavy-duty transport.
Positive
  • None.
Negative
  • None.

Insights

The commissioning of Cummins Inc.'s first fuel-cell-powered locomotive marks a significant step in the energy transition within the transportation sector. This pioneering project underscores the feasibility and growing acceptance of hydrogen fuel cells as a viable alternative to traditional diesel engines in heavy-duty applications such as freight rail.

From an energy transition perspective, the shift to hydrogen fuel cells is part of a broader strategy to decarbonize transportation, which is one of the largest contributors to global greenhouse gas emissions. The successful integration of Accelera fuel cells into a functioning locomotive illustrates that the technology is not only mature enough for road vehicles but also for the more demanding rail sector. This could signal the beginning of a wider adoption curve, potentially leading to increased demand for hydrogen and related infrastructure developments.

However, the scalability of such technology is contingent upon the availability and cost-effectiveness of green hydrogen production. As the market for hydrogen grows, stakeholders must consider the entire value chain, from production to distribution, to ensure that the environmental benefits are maximized and that the cost remains competitive with conventional fuels.

The integration of Accelera's fuel-cell technology into a freight locomotive is a noteworthy advancement in the railway industry. The HY2RAIL project not only showcases innovation but also aligns with the European Union's stringent emissions reduction targets. Railways are a critical component of the European transport network and the adoption of zero-emission technology in this sector has important implications for meeting climate goals.

For businesses in the rail industry and potential investors, this development could herald a new era of investment in clean technologies. As rail operators look to modernize their fleets, companies like Cummins may benefit from increased demand for zero-emission solutions. Moreover, this project could serve as a reference for other regions and industries considering similar transitions, potentially opening up new markets for fuel cell manufacturers.

It is important to note that rail standards, such as the European standard EN 61373, are rigorous due to the safety and reliability requirements of rail vehicles. Compliance with these standards by the Accelera fuel cells is a testament to the robustness of the technology, potentially easing regulatory pathways for future deployments.

The announcement by Cummins Inc. regarding their successful commissioning of a fuel-cell-powered locomotive could have positive implications for their stock market performance. Investors often react favorably to news that indicates a company is at the forefront of technological innovation, especially in sectors with high growth potential like zero-emissions transportation.

While the immediate financial impact may be limited, considering the nascent stage of the hydrogen fuel cell market in rail transport, the long-term potential for revenue growth could be substantial. As governments and industries intensify efforts to reduce carbon footprints, companies positioned to deliver zero-emission solutions may experience increased valuation due to anticipated future earnings.

Investors will likely monitor Cummins' ability to secure further contracts and partnerships in the rail sector, as well as the performance and reliability of their fuel cell systems in commercial operation. These factors will be critical in assessing the company's competitive position in the alternative energy market and its potential for sustained growth.

COLUMBUS, Ind.--(BUSINESS WIRE)-- Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI), has reached a significant milestone by successfully commissioning its first fuel-cell-powered locomotive for freight rail applications. Replacing typical diesel generators, Accelera fuel cells now serve as the primary power unit in the conversion project of a light On Track Machine (OTM) Vehicle in Austria developed for the HY2RAIL project.

Freight locomotive powered by Accelera fuel cells. (Photo: Business Wire)

Freight locomotive powered by Accelera fuel cells. (Photo: Business Wire)

In partnership with the Austrian railway authority ÖBB, recognized for managing one of Europe's most advanced railway systems, the HY2RAIL project demonstrates how fuel cells can sustainably meet the power needs of heavy-duty freight locomotives.

To power the locomotive, m.ZERO, an Austrian engineering consultancy, integrated Accelera fuel cell power modules into a strong 120kW system. This customized system meets strict rail vehicle standards, including the European standard EN 61373, which outlines testing requirements for railway applications, focusing on shock and vibration.

Furthermore, m.ZERO oversaw the integration of all balance-of-plant components and interfaces in collaboration with Accelera. The fuel cell system was then combined with a ternary battery system to create a hybrid propulsion system that includes cutting-edge power electronics, on-board hydrogen storage technology, a vehicle control unit, and software. This integration was led by m.ZERO in partnership with project leaders Hy2RAIL.

ÖBB’s technical service arm, TrainTech, played a pivotal role in overseeing the railcar’s modernization. The transformed locomotive was previously an OBB X534-type catenary construction and maintenance railcar, reliant on a diesel-electric propulsion system. Following installation of the new fuel cell electric system, it now runs emissions free.

“Expanding our fuel cell technology into locomotives for freight reinforces our standing as a premier fuel cell provider in the European market, particularly for the railway sector,” said Alison Trueblood, General Manager of Fuel Cell and Hydrogen Technologies at Accelera. “Alongside our experience with passenger trains, this project enhances our ability to support the dynamic rail market, further demonstrating the viability of hydrogen technology for zero-emissions heavy-duty transport.”

"We made the right decision with our choice of fuel cells for the project as Accelera's units are delivering exactly as specified,” said Herbert Wancura, CEO of m.ZERO. “Modernizing to zero-emission technology isn't just feasible, it's an economically and environmentally savvy choice. We are ready to support rail OEMs in their zero-emission endeavors and eager to collaborate with Accelera again on any upcoming projects.”

The H2Rail project brought together the strengths and expertise of leading rail organizations and received co-financing from the Austrian Research Promotion Agency.

About Accelera™ by Cummins

Accelera by Cummins provides a diverse portfolio of zero-emissions solutions for the world’s most economically vital industries, empowering them to accelerate the transition to a sustainable future. Accelera, a business segment of Cummins Inc., is both a components supplier and integrator, focused on batteries, hydrogen fuel cells, e-axles, traction drive and electrolyzers. Accelera currently has operations in North America, across Europe and in China.

Cummins, a global power technology leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. Headquartered in Columbus, Indiana (U.S.), Cummins employs approximately 75,500 people committed to powering a more prosperous world. It operates a robust distribution and support network in more than 190 countries and territories. Cummins reported net sales of approximately $34.1 billion for the year ended December 31, 2023.

To learn more about Accelera by Cummins, visit accelerazero.com.

About m.ZERO OG

m.ZERO is an engineering consultancy based in Graz, Austria and working on advanced technology solutions for off-highway applications. They combine decades of expertise in alternative powertrains – both fuel cells and battery technology – with equally extensive rail industry background. For more information visit their website www.m-zero.at.

Accelera by Cummins:

Jon Mills – Director of External Communications

jon.mills@cummins.com

+1 317-658-4540



mZERO OG:

Herbert Wancura (CEO)

herbert.wancura@m-zero.at

+43 676 848 15610

Source: Cummins Inc.

FAQ

What is the ticker symbol for Cummins Inc.?

The ticker symbol for Cummins Inc. is CMI.

What is the main focus of the HY2RAIL project?

The HY2RAIL project focuses on demonstrating how fuel cells can sustainably meet the power needs of heavy-duty freight locomotives.

Who integrated the Accelera fuel cell power modules into the locomotive system?

m.ZERO, an Austrian engineering consultancy, integrated the Accelera fuel cell power modules into the locomotive system.

What standards did the customized system meet for rail vehicles?

The customized system met strict rail vehicle standards, including the European standard EN 61373, focusing on shock and vibration testing requirements for railway applications.

What role did TrainTech play in the project?

TrainTech, ÖBB’s technical service arm, played a pivotal role in overseeing the railcar’s modernization.

Cummins Inc.

NYSE:CMI

CMI Rankings

CMI Latest News

CMI Stock Data

50.59B
136.49M
0.4%
86.81%
1.23%
Specialty Industrial Machinery
Engines & Turbines
Link
United States of America
COLUMBUS