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Chevron, Caterpillar Entered Collaboration Agreement To Develop Hydrogen Trial Projects In Stationary Power Applications – $CAT $CVX

By John F. Heerdink, Jr.

Reportedly, Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (CVX), and Caterpillar Inc. (CAT) have entered a collaboration agreement to develop hydrogen trial projects in stationary power applications and transportation applications, including prime power. 

The goal of the collaboration is to confirm the feasibility and performance of hydrogen for use as a commercially viable alternative to traditional fuels for line-haul rail and marine vessels. The collaboration also seeks to demonstrate hydrogen’s use in prime power. Under the collaboration, and facilitated by Progress Rail, a Caterpillar company, the parties also agreed to demonstrate a hydrogen-fueled locomotive and associated hydrogen-fueling infrastructure.

“As we work to provide customers with the capability to use their desired fuel type in their operations, collaborating with Chevron is a great opportunity to demonstrate the viability of hydrogen as a fuel source. This agreement supports our commitment to investing in new products, technologies and services to help our customers achieve their climate-related objectives as they build a better, more sustainable world,” stated Joe CreedCaterpillar group president of Energy & Transportation. 
 
To learn more about Chevron (CVX) and Caterpillar, Inc. (CAT) to track their progress please visit the Vista Partners Chevron Page. & visit the Vista Partners Caterpillar, Inc. Coverage Page.
 
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Chevron, Caterpillar announce collaboration agreement on hydrogen in PR Newswire)


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