Cummins has acquired assets of First Mode, a developer of retrofit hybrid solutions for mining and rail operations. The acquisition includes hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of ownership (TCO) while advancing decarbonization in operations.

The acquisition followed the decision of First Mode’s majority shareholder, Anglo American, to conclude its funding of First Mode as part of its capital prioritization program.

In addition, Cummins is acquiring First Mode’s commercial portfolio, manufacturing and technical teams in Australia, the United States and Chile. First Mode will continue to serve customers through the transition and is dedicated to meeting customers’ needs by shipping product in Q1.

First Mode will operate within the Cummins Power Systems industrial segment. Cummins is developing multiple technology pathways to help the mining industry transition to a sustainable future. Through product hybridization and clean fuels such as ethanol and methanol, Cummins is developing bridge technologies that enable miners to maximize the life of existing fleets while reducing carbon emissions.