BHP Group Limited (NYSE:BHP) shares are trading higher on premarket Thursday. The company reported that it is the first customer to test Caterpillar, Inc’s (NYSE:CAT) technology, which is aimed at improving the energy efficiency and sustainability of large mining trucks.
The trial will take place at BHP sites, supporting the company’s efforts to enhance operational efficiency in its mining operations.
Earlier this week, Caterpillar launched its Cat Dynamic Energy Transfer (DET) solution at MINExpo, showcasing technology capable of transferring energy to both diesel-electric and battery-electric mining trucks while in operation.
The DET system can charge electric haul truck batteries as the trucks move, offering flexibility by being easier to relocate than traditional fixed overhead trolleys used for similar ...
