Cummins details $1B investment in U.S. manufacturing
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Columbus-based Cummins Inc. (NYSE: CMI) is investing more than $1 billion in upgrades to its U.S. engine manufacturing facilities, the company announced Monday. The news comes on the same day that President Joe Biden is visiting the Cummins facility in Fridley, Minnesota.
Cummins said in a news release the investment will support the company’s clean energy efforts, including engine platforms that run on low-carbon fuels, including hydrogen. It will also help retain thousands of existing jobs and create hundreds more, the company said.
At the Minnesota facility, Cummins’ newly-rebranded zero-emission technology business, Accelera, will manufacture electrolyzers, which are used to produce green hydrogen that can power hydrogen fuel cell vehicles.
“In just a few weeks, we will begin manufacturing one of the key pieces of technology for green hydrogen production that will help decarbonize our economy and drive the clean energy transition – the electrolyzer,” Cummins CEO Jennifer Rumsey said in written remarks. “Support from the Biden Administration and Congress with legislation like the Bipartisan Infrastructure Law and Inflation Reduction Act are driving the clean energy economy forward in the United States and critical to our decarbonization efforts.”
The company is investing $10 million to support electrolyzer production and create 100 jobs by 2024.
Cummins is also planning to invest $452 million in its Jamestown Engine Plant in western New York. The company said the plant will produce the industry’s first fuel-agnostic internal combustion engine platform that can utilize lower carbon fuel types.
The first engine to be created through the platform, known as the X15N, runs on renewable natural gas and is being tested by customers such as Walmart, Werner and Matheson.
Cummins said details on additional investment in its Indiana and North Carolina facilities will be made public at a later date.