Locomotives
Wabtec, GM collaborating on advanced battery technologies for locomotives
Wabtec (NYSE: WAB) and General Motors (NYSE: GM) are collaborating on bringing battery and fuel cell technology to the freight locomotive. The two will seek to develop and commercialize GM’s Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives. The collaboration consists of a nonbinding memorandum of understanding, in which Wabtec brings …
Fuel Cell Enabling Technologies, Inc. Announces First Major Customer, Signs Memorandum of Understanding Regarding Purchase of Fuel Cells for Locomotives
ALPHARETTA, Ga., and CHARLOTTE, N.C., Jan. 5, 2021 /PRNewswire/ — Fuel Cell Enabling Technologies, Inc. (FCET), a start-up energy technology company that has developed a novel, low-cost solid oxide fuel cell (SOFC) system, has announced a memorandum of understanding (MOU) with NextGenPropulsion, LLC (NGP) indicating NGP’s intent to purchase FCET fuel cells for NGP light-rail trains …
Lagarde sends EUR/USD to fresh 2020 lows with climate comments