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CN (TSX:CNR) advances sustainability efforts with Wabtec’s battery-electric locomotive

Transport
TSX:CNR
04 November 2021 14:15 (EDT)

Source: CN Railway

CN Railway (CNR) announced the purchase of Wabtec’s FLXdrive battery-electric freight locomotive in support of CN’s sustainability goals.

This new technology can achieve an effective transition to a lower-carbon future and is the first 100 per cent battery heavy-haul locomotive for the region.

For its first battery-electric freight locomotive, CN plans to partner with Wabtec to service its next-generation FLXdrive technology, which can reduce fuel consumption and emissions by up to 30 per cent.

The anticipated efficiencies and emission reductions from the technology will help open the door to new alternatives beyond the diesel-powered locomotives used today.

Recognizing the potential of the initiative, Pennsylvania’s Department of Environmental Protection awarded financial support for the initiative under the Marine and Rail Freight Movers Grant Program.

CN is the most fuel-efficient railway in North America using approximately 15 per cent less locomotive fuel per gross tonne mile than the industry average.

CN has committed to reduce scope three GHG emissions from fuel and energy-related activities by 40 per cent per million gross ton-miles by 2030 from a 2019 base year.

CN’s Climate Action Plan supports the Paris Agreement.

The continuing development and availability of innovative propulsion technology is part of a portfolio of carbon reduction initiatives.

CN Railway (CNR) is down 0.444 per cent and is trading at $163.72 per share at 2:17 p.m. ET.

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