I know we have some railroad guys on here.
Caterpillar, BNSF and Chevron sign MOU for hydrogen locomotive demonstration
CAT +0.40%Dec. 14, 2021 10:23 AM ET1 Comment- A new memorandum of understanding (MOU) reached between Progress Rail, a Caterpillar (NYSE:CAT) company, BNSF Railway Company and Chevron U.S.A. (NYSE:CVX) aims to advance the demonstration of a locomotive powered by hydrogen fuel cells.
- The proposed project is aimed at validating the feasibility and performance of hydrogen fuel as a viable alternative to traditional fuels in line-haul rail.
- As part of the MOU, the companies are working toward reaching definitive deals on a demonstration with three primary objectives. Progress Rail plans to design and develop a prototype hydrogen fuel cell locomotive for line-haul rail; Chevron plans to develop the fueling concept and infrastructure to support this application; the prototype hydrogen fuel cell locomotive will be demonstrated on BNSF's lines for a mutually agreed upon period of time.
- The project is subject to the negotiation of definitive agreements. Additional details, including when and where the initial pilot will take place, will be revealed once the deals are reached.