Latest news with #DestinationZero
Business Standard
10 hours ago
- Business
- Business Standard
Cummins India launches its Battery Energy Storage Systems products
Cummins India announced the launch of its Battery Energy Storage Systems (BESS), expanding its sustainable solutions portfolio in line with Destination Zero strategy. This state-of-the-art energy storage solution is designed to support India's clean energy transition and strengthen the reliability of country's power infrastructure. Battery Energy Storage System (BESS) is emerging as reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturing, data centers, commercial realty, and mining. These systems enable seamless integration of clean, renewable, and intermittent energy sources like solar and wind with the existing power infrastructure. This ensures that customers can maximize renewable energy use and optimize energy costs through peak shaving and energy shifting. Commenting on the launch, Shveta Arya, Managing Director, Cummins India Limited, said, India's energy mix is undergoing a significant transformation, driven by ambitious climate commitments, rapid adoption of renewables, and a national focus on clean and inclusive growth. At Cummins, we recognize this pivotal moment as an opportunity to innovate with purpose. Our Battery Energy Storage System (BESS) is a crucial enabler in this transition. It offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow. Through this launch, we are proud to support India's journey towards net-zero emissions by 2070 and power possibilities for generations to come.
Business Upturn
11 hours ago
- Business
- Business Upturn
Cummins India launches Battery Energy Storage Systems to support clean energy transition
By Aman Shukla Published on June 26, 2025, 11:54 IST Cummins India Limited has unveiled its advanced Battery Energy Storage Systems (BESS), marking a significant step in its commitment to sustainability through the Destination Zero strategy. This latest offering enhances Cummins' clean energy portfolio and supports India's push toward a greener, more reliable power infrastructure. The newly launched BESS solutions are designed to facilitate the smooth integration of renewable energy sources such as solar and wind into existing power systems. These solutions aim to address the energy demands of key sectors like manufacturing, data centers, commercial real estate, and mining, helping them manage peak loads and reduce energy costs through intelligent energy shifting and storage. Cummins' BESS units come in modular and scalable containerized formats, delivering energy outputs between 200kWh to 2MWh. These systems feature lithium ferrophosphate (LFP) batteries, known for safety, longevity, and performance. An integrated liquid cooling system enhances battery efficiency, while global safety certifications and a robust fire protection setup ensure dependable operation. With plug-and-play capabilities, these energy storage units are easy to deploy and transport, making them a practical solution for both urban and remote applications. Backed by Cummins' trusted service network, the BESS offering provides reliable performance and long-term support. As India accelerates its transition to renewable power, Cummins' latest energy storage systems position the company at the forefront of sustainable energy innovation, empowering industries to embrace cleaner, cost-effective power solutions. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
&w=3840&q=100)
Business Standard
12 hours ago
- Business
- Business Standard
Cummins India shares rise on launching battery energy storage systems
Shares of Cummins India rose over 2 per cent on Thursday after it launched Battery Energy Storage Systems (BESS) in line with the company's 'Destination Zero' strategy. The diesel and natural gas engines maker's stock rose as much as 2.1 per cent during the day to ₹3,388.6 per share. The stock pared gains to trade 1.8 per cent higher at ₹3,389 apiece, compared to a 0.52 per cent advance in Nifty 50 as of 12:50 PM. Shares of the company have gained for the third straight session. The counter has risen 3.3 per cent this year, compared to a 7 per cent advance in the benchmark Nifty 50. Cummins India has a total market capitalisation of ₹93,811.41 crore, according to BSE data. Track LIVE Stock Market Updates Here Cummins India Launches BESS The company launched its battery energy storage systems, expanding its sustainable solutions portfolio under the company's 'Destination Zero' strategy, according to an exchange filing on Thursday. "This system is designed to support India's clean energy transition and strengthen the reliability of the country's power infrastructure," it said. BESS technology enables integration of renewable and intermittent energy sources like solar and wind with existing infrastructure, providing benefits such as peak shaving, energy shifting, and optimised energy costs. It is expected to find strong demand across industries such as manufacturing, data centres, real estate, and mining, the company said in the statement. India's energy landscape is undergoing a major shift, driven by climate goals and growing renewable adoption, Shveta Arya, managing director of Cummins India, said. 'Our BESS offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow,' she said, adding that the solution aligns with India's net-zero ambitions for 2070 and underscores Cummins' commitment to purposeful innovation. Cummins India Q4 result 2025 In the quarter ended March 31, 2025, the company posted a consolidated net profit of ₹529.5 crore as against ₹538.86 crore a year ago, down 2 per cent. Its revenue from operations stood at ₹2,470.38 crore as compared to ₹2,319.02 crore a year ago, up 6.5 per cent. About Cummins India Cummins India is a power solutions provider in the country. It is involved in the power generation, aftermarket, and export businesses. The company has a strong manufacturing backbone and has five manufacturing plants, assembly, and distribution facilities. With over 480 customer touchpoints, the company is committed to powering the success of its customers and ensuring that its services and solutions are readily accessible.
Associated Press
09-04-2025
- Automotive
- Associated Press
Cummins Announces DNV Approval in Principle for Its Methanol-Ready Marine Engine
Cummins Cummins Inc. (NYSE: CMI) announced DNV Approval in Principle (AIP) for its methanol-ready QSK60 IMO II and IMO III engines, available from 2000 - 2700 hp (1491 - 2013 kW). Received in June 2024, the AIP validates Cummins retrofittable methanol dual-fuel solution for the global marine market, ensuring it meets the highest standards of safety and performance. Following extensive field testing, Cummins plans to launch the retrofit kits post-2028 to align with market demand and infrastructure readiness. These kits will be particularly suited for diesel-electric systems that can be integrated with a battery, optimizing efficiency and sustainability. As set out in Cummins announcement in November 2023, this project — with its focus on the conversion of existing engine installations — offers a seamless transition between present and future builds of new, cleaner technology ships. Dawn Wehr, Cummins Executive Director – Strategy, Product Planning & Digital added, 'Using a retrofittable solution dismisses the need for a major vessel overhaul and creates an immediate positive impact on carbon-emissions reduction. With our continual work on developing solutions for other alcohol fuels, including ethanol, we are committed to providing solutions that work for different operations and fuel infrastructure availabilities to ensure ease of adoption.' This approval builds on the August 2023 announcement that permits the use of renewal diesel, such as hydrotreated vegetable oil (HVO), in all of our high horsepower engines. By leveraging renewable diesels, like HVO, in these dual fuel solutions, customers will be able to make significant strides in the journey to zero carbon emissions. 'Cummins is committed to delivering innovative power solutions to the marine industry,' said Gbile Adewunmi, Vice President of Industrial Markets – Power Systems Business. 'Through partnerships with our customers, we can drive solutions that meet application requirements, sustainability targets, as well as bridge the longer-term goal of zero emissions. This announcement is a strong example of the investment and technology advancements Cummins is making to further our Destination Zero strategy.' About Cummins Inc., a global power solutions leader, comprises five business segments - Engine, Components, Distribution, Power Systems and Accelera by Cummins - supported by its global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company's commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, electrified power systems with innovative components and subsystems, including battery, fuel cell and electric power technologies and hydrogen production technologies. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 69,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $3.9 billion on sales of $34.1 billion in 2024. See how Cummins is leading your world toward a future of smarter, cleaner power at Forward-looking disclosure statementInformation provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse consequences resulting from entering into the Settlement Agreements, including required additional mitigation projects, adverse reputational impacts and potential resulting legal actions; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; evolving environmental and climate change legislation and regulatory initiatives; changes in international, national and regional trade laws, regulations and policies; changes in taxation; global legal and ethical compliance costs and risks; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; climate change, global warming, more stringent climate change regulations, accords, mitigation efforts, greenhouse gas regulations or other legislation designed to address climate change; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions, divestitures or exiting the production of certain product lines or product categories and related uncertainties of such decisions; increasing interest rates; challenging markets for talent and ability to attract, develop and retain key personnel; exposure to potential security breaches or other disruptions to our information technology (IT) environment and data security; the use of artificial intelligence in our business and in our products and challenges with properly managing its use; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; failure to meet sustainability expectations or standards, or achieve our sustainability goals; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2024 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at or at in the Investor Relations section of our website.
Yahoo
18-02-2025
- Business
- Yahoo
Cummins announces leadership team changes: Bonnie Fetch and Shon Wright appointed to key roles
INDIANAPOLIS, February 18, 2025--(BUSINESS WIRE)--Cummins Inc. is pleased to announce two important changes to the Cummins Leadership Team, effective March 15. "Cummins is fortunate to have strong and capable leaders who are dedicated to advancing our Destination Zero strategy and delivering outstanding results for our customers and business," said Jennifer Rumsey, Chair and CEO of Cummins. "I am proud to promote two experienced, people-centered leaders who embody our company's commitment to living Cummins' values, delivering innovative solutions for our customers and driving strategic and operational excellence." Bonnie Fetch Appointed Executive Vice President and President – Operations Bonnie Fetch, currently Vice President and President – Distribution Business, has been named Executive Vice President and President – Operations. Bonnie will succeed Srikanth Padmanabhan, who announced his retirement in January. Bonnie has extensive experience in a variety of general management, human resources and supply chain leadership roles, including 20 years at Caterpillar before joining Cummins. Since joining Cummins in 2018, Bonnie has demonstrated exceptional business leadership, a people-centered leadership style and extensive strategic and operational expertise across various business and functional roles within the company. In her new role leading Operations for the company, Bonnie will oversee Cummins' New and Recon Parts business and global operating functions, including Supply Chain, IT, Cummins Services, Advanced Analytics and Quality. Bonnie is a graduate of the University of St. Francis with a bachelor's degree in Applied Organizational Management and completed Executive Programs at both Stanford University and Singularity University. Shon Wright Named Vice President and President – Distribution Business Shon Wright, currently Vice President – Cummins Components and Software, has been appointed Vice President and President – Distribution Business. Shon has 22 years of diverse experience at Cummins, holding a variety of strategy, purchasing, operations, sales and marketing, and general management roles across Cummins Power Generation, Cummins Filtration and Cummins Turbo Technologies (CTT), as well as CTT's expansion to the Cummins Components and Software Business. In his role leading the Distribution Business, Shon will focus on continuing to deliver excellent sales and service support for Cummins' global markets, investing in employee development and advancing operational performance. His strategic and business acumen, combined with his commitment to excellence and people-centered leadership, will contribute to the continued growth and success of the Distribution Business. Shon is a graduate of the University of South Carolina with a Bachelor of Science degree in Chemical Engineering, and he received a Master of Business Administration from Harvard Business School. About Cummins Inc. Cummins Inc., a global power solutions leader, is comprised of five business segments –Engine, Components, Distribution, Power Systems, and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company's commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 70,000 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment, and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned $3.9 billion on sales of $34.1 billion in 2024. See how Cummins is leading the world toward a future of smarter, cleaner power at View source version on Contacts Melinda KoskiDirector, External Lauren DanielManager, External Sign in to access your portfolio
