Courtesy-Cummins Facebook page
COLUMBUS, Ind. – Cummins Inc. announced last week the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. The acquisition includes hybrid mining and rail product lines, and the full IP portfolio including hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of ownership (TCO) while advancing decarbonization in operations.
Cummins also obtains 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 in Q1.
This acquisition reinforces Cummins’ commitment to providing innovative and effective decarbonization solutions and allows the company to elevate its product portfolio while meeting the needs of its customers on their transition to a lower-carbon future. First Mode will operate within the Power Systems industrial segment.
“This acquisition is an important step forward in our goal to lead our Power Systems customers through the energy transition,” said Jenny Bush, President of Power Systems at Cummins. “With First Mode’s hybrid retrofit technology, we are accelerating our ability to provide decarbonization solutions that meet miners’ need to drive down operating costs today.”
