Achates Power, the Sorrento Valley business developing opposed-piston truck and military engines, has named David Crompton CEO. The business made the announcement on Jan. 3.
He succeeds David Johnson, who will remain an adviser to the business.
Crompton joins Achates after 28 years at Cummins, where he was president of both the engine business and power systems business.
Achates Power aims to create a low-emission diesel engine. The business also announced on Jan. 3 that its board and investors have “committed additional funding to hasten the implementation of the opposed-piston engine in the marketplace.”
Achates reported receiving a $29.8 million equity investment in its latest securities filing in October 2017.
Achates Power is backed by the Oil and Gas Climate Initiative, Climate Investments; Sequoia Capital Partners; RockPort Capital Partners; Madrone Capital Partners; InterWest Partners; and Triangle Peak Partners.