Fuel cell-powered mining trucks next up for GM Hydrotec

An array of fuel cell power cubes from General Motors will power Komatsu’s massive off-roading mining trucks by mid-decade — each operating with more than 2 megawatts of hydrogen power.

The use of multiple fuel cells to provide power to the massive off-highway Komatsu’s 930E electric drive mining truck is an ideal use case for fuel cells, whose only emission is water vapor. The Komatsu model is the world’s bestselling ultra-class haul truck. 

GM and Komatsu will jointly design and validate the...

https://www.freightwaves.com/news/fuel-cell-powered-mining-trucks-next-up-for-gm-hydrotec

Cummins beats Q2 estimates as Rumsey takes over as CEO

Cummins Inc. reported strong second-quarter earnings in North America while one-time charges and COVID lockdowns in China acted as a counterweight.

The leading manufacturer of engines and power distribution equipment reported Q2 net income of $702 million compared to $600 million in the same quarter of  2021. Earnings per diluted share were $4.94 compared to $4.10 a year ago.

Second-quarter revenues of $6.6 billion increased 8% from the same quarter in 2021. For the full year, Cummins stuck to...

https://www.freightwaves.com/news/cummins-beats-q2-estimates-as-rumsey-takes-over-as-ceo

Competition intensifies for commercial vehicle battery makers

Moving beyond electric vehicles themselves, blank-check companies are targeting battery developers critical to the growing demand for zero-emission commercial vehicles.

The most attractive battery-making companies have track records and significant revenue, reducing the risk to investors. The special purpose acquisition companies (SPACs) sponsoring their public debuts promise hundreds of millions of dollars for rapid scaling of the businesses.

Take Romeo Power Inc., founded in 2015 by expatriates...

https://www.freightwaves.com/news/competition-intensifies-for-commercial-vehicle-battery-makers

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