Nathan Bomey writes in Axios that Caterpillar, BNSF Railway, and Chevron are pursuing a hydrogen project.
- Caterpillar, BNSF Railway, and Chevron are forming a partnership to develop hydrogen-powered trains.
- Hydrogen is most abundant element in our universe and is seen by many as a key to a clean energy future.
- The private sector is investing heavily in hydrogen production, with the Hydrogen Council estimating that global investments in hydrogen will exceed $300 billion by 2030.
“Caterpillar’s Progress Rail will develop a hydrogen rail system, Chevron will deliver the fueling setup, and BNSF will demonstrate the technology once it’s ready.”
Read the full report here.