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AECOM Inks MoU To Develop Hydrogen-Powered Railway In Central Italy

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  • AECOM (NYSE: ACM) has signed a memorandum of understanding (MoU) with Spanish renewables group Iberdrola SA (OTC: IBDRY) and Italian partners Cinque International and Ancitel Energy and Environment to upgrade Italy's Apennine diesel railway with hydrogen trains.

  • Under the MOU, AECOM will lead engineering and program management, with Iberdrola acting as an industrial partner.

  • AECOM and its partners are working on four projects to support sustainable economic recovery in the region badly affected by earthquakes in 2009 and 2016.

  • The first project is upgrading the 300km Apennine line, one of Italy's first hydrogen railways.

  • The MOU also includes pre-feasibility work for a new rail line powered by green hydrogen linking Rome with Ascoli Piceno, a province in the Marche region.

  • The third project is to assess the potential for diffused green hydrogen manufacturing activity in the region.

  • The final project will look at ways to apply new energy and environmental technologies in post-earthquake reconstruction.

  • Price Action: ACM shares are trading higher by 2.17% at $63.09 on the last check Wednesday.

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