Energy & Transportation supports customers in oil & gas, power generation, marine, rail and industrial applications, including Cat® machines. The product and services portfolio includes reciprocating engines, generator sets, marine propulsion systems, gas turbines and turbine-related services, diesel-electric locomotives and other rail-related products and services.
What is the strategic importance of the Energy & Transportation group to Caterpillar’s long-term success?
Energy & Transportation brings diversity and growth potential to Caterpillar by serving a number of different industries, including oil and gas, power generation, marine, rail and general industrial applications. For example, we provide a variety of different products and services across a wide portion of the natural gas value chain, including offshore and onshore gas drilling and exploration, gas production and pipeline compression. We also use natural gas as a fuel in our reciprocating engines and gas turbines to produce electrical power.
With the continued low price of oil, what are some of the opportunities and challenges facing our customers?
In this challenging environment, our customers are seeking ways to become more efficient. We continue to invest in R&D to improve the efficiency of our engines and gas turbines. We are also expanding our offering of digital technologies. For example, Solar™ Turbines’ Insight System™ helps customers maximize production and minimize cost by preventing failures before they occur.
How are our Energy & Transportation businesses contributing to sustainable development around the world?
Caterpillar and its dealers are working with our customers to meet the current and future energy needs of the global population in an environmentally sustainable manner. There are many different examples of our commitment to the environment, including our continuing R&D investments to reduce emissions from our engines and gas turbines, burning landfill and coke oven gasses in our engines and gas turbines to produce electricity, and our recent introduction of Cat branded solar panels, energy storage and controls for microgrids.