Page 45 - CV June-July 2023 Issue

TEREX BETS

ON HYBRID TECHNOLOGY IN
CONSTRUCTION EQUIPMENT,

FULLY ELECTRIC VARIANTS

TO TAKE TIME

I n the construction equipment space, various machines are at Terex Corporation has invested in a couple of tech companies in the
US who are at the forefront of battery technology and electrification.
various stages of electrification or battery technology. The
construction equipment space is seeing renewed interest in the
wake of the push towards infrastructure growth and the fund outlay in The interesting thing about batteries in the construction equipment
industry is that you really need huge batteries if you have to run some
NEP. The year-on-year volume growth is likely to be around 7 percent of these large mining and construction machines again depending
in FY2023, as per recent studies. While equipment utilisation levels upon the usage. Shekhar added that “It may be easier to have a
have moderated somewhat in the latter half, alternative fuel and battery powered machine on a telehandler because it has to work for
sustainability continue to be the top drivers. Terex, a key player in this a couple of hours a day. But we are talking about crushers and all our
space, is betting on hybrids to lead the growth trend. large cranes. I think you know you are now probably couple of years
away from it. “
According to Jaideep Shekhar, Managing Director – Terex India “the Not just the automotive industry in general but even the construction
first step of electrification, which a lot of the companies have gone equipment industry, in particular, is very wide and one option will not
into, including Terex, is hybrid technology. It's easy to electrify a small suit every single type of your machine. “Hence in the industry you will
car or a small telehandler, which can run on the battery, But when see various machines at various stages of electrification or battery
you're talking about large mining machines, the battery technology is technology. The easiest ones are going to be something related to
going to take some time for it to come and be fully electric and that's EV, which is like battery operated dumper trucks, you'll see probably
the reason I think the first step into journey is the hybrid technology, battery operated telehandlers from small cranes. But as you move to
which significantly reduces your fuel consumption and greenhouse larger and bigger machines, I think that technology is still evolving
gas emissions. At the same time, it also gives the customers the and I think hybrid is the answer for now, which we are anyways into it
option to kind of run the plant on the EB power. full time,” signed off Shekhar.

CONSTRUCTION VISION 43 JUNE-JULY 2023