Cummins Inc, a global power solutions leader, has announced a significant step in its decarbonization strategy with the acquisition of key assets from First Mode, a pioneering company specializing in retrofit hybrid solutions for mining and rail operations. The acquisition, finalized on February 11, includes First Mode's hybrid mining and rail product lines, its comprehensive intellectual property portfolio encompassing hydrogen and battery powertrain solutions, and its commercial operations in Australia, the United States, and Chile.

This strategic move positions Cummins at the forefront of the mining industry's transition to a lower-carbon future. First Mode's technology represents the first commercially available retrofit hybrid system for mining equipment, offering a compelling value proposition by significantly reducing the total cost of ownership (TCO) while simultaneously advancing decarbonization efforts. This addresses a critical need in the industry, allowing mining companies to leverage existing equipment while making strides towards sustainability goals.

"This acquisition is an important step forward in our goal to lead our Power Systems customers through the energy transition," stated 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."

The acquisition includes First Mode's experienced commercial, manufacturing, and technical teams across Australia, the United States, and Chile. This infusion of talent will bolster Cummins' capabilities and expertise in developing and deploying advanced decarbonization solutions. First Mode will ensure a smooth transition for its existing customers and has committed to fulfilling current orders, with product shipments expected in the first quarter of the year. Following the transition, First Mode's operations will be integrated into Cummins' Power Systems industrial segment.

Cummins' commitment to carbon reduction extends beyond this acquisition. The company is actively pursuing multiple technology pathways to support the mining industry's shift towards sustainability. This includes the development of bridge technologies, such as product hybridization and the use of clean fuels like ethanol and methanol. These solutions enable miners to optimize the lifespan of their current fleets while concurrently reducing carbon emissions.

"Cummins’ dedication to partnering with original equipment manufacturers (OEMs) and miners ensures that these technologies are developed and tested in real-world environments,” added Bush. The company emphasizes collaborative development and testing to ensure that its solutions are practical and effective. Cummins recognizes the diverse needs of the mining industry and is committed to providing flexible options. "With hybrid retrofit kits, modular component upgrades and scalable solutions, we are bringing miners the flexibility and confidence they need to decarbonize operations while adapting to evolving technologies and infrastructure.”