Cummins Inc. and Rush Enterprises, Inc. announced that they have closed on Cummins’ acquisition of 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The joint venture between Rush Enterprises and Cummins will seek to enhance production of near-zero emissions natural gas powertrains by manufacturing Cummins-branded natural gas fuel systems for the commercial vehicle market in North America.
The new company combines the strengths of Momentum Fuel Technologies’ CNG fuel delivery systems and Cummins’ powertrain expertise. When powered by renewable natural gas, the engines can be credited with a neutral to negative carbon index, resulting in net greenhouse gas (GHG) emissions at or below zero.
“This collaboration shows Cummins’ continued commitment to natural gas powertrains, and this partnership will expand and improve the service and support for CNG and renewable natural gas customers,” said Srikanth Padmanabhan, President of the Engine Business at Cummins. “The partnership will help us bring to market the highest quality, clean and efficient natural gas products, including the 15-liter natural gas engine we announced in October.”
“Due to upcoming regulatory requirements, corporate ESG goals and the environmental and economic benefits of renewable natural gas vehicles, many customers are seeing the value in these vehicles, which we believe will drive growth for the foreseeable future,” commented W.M. “Rusty” Rush, Chairman, CEO and President, Rush Enterprises, Inc. “With this joint venture, we are able to continue to serve customers throughout the country with both Cummins’ and Rush Truck Centers’ nationwide network of support locations and portfolio of aftermarket solutions.”
The joint venture will offer aftermarket support through Rush Truck Centers’ dealerships and Cummins distributors which will be able to service both the engine and the fuel delivery system. The partnership between Cummins and Rush Enterprises will benefit customers by providing them with access to an extensive CNG vehicle parts and service network. Both Cummins’ and Rush Enterprises’ respective networks, which together represent over 250 locations in the US and Canada, will be equipped with certified technicians and access to a comprehensive CNG vehicle parts inventory.
Source: Cummins
