Loop Energy, a provider of hydrogen fuel cell solutions for the medium-to-heavy-duty vehicle market, has received an order from a bus manufacturer in China for multiple range extenders. Loop says the order represents the start of a long-term commercial agreement with a total estimated value of $15 million over a three-year period.
Loop works with engine suppliers and vehicle manufacturers to deliver carbon-free motive solutions using both electric and hydrogen fuel cell technologies.
The company’s 50 kW Fuel Cell Range Extender Module is designed for heavy-duty trucks and buses. It recently earned certification from the China Automotive Technology and Research Center (CATARC).
“We are pleased to receive this initial order for Loop’s 50 kW fuel cell range extenders immediately following product certification from CATARC, which is widely recognized as one of the premier vehicle testing organizations worldwide,” said Ben Nyland, CEO of Loop Energy. “This agreement marks an important milestone for Loop as it signifies a ramp-up of commercial activity, but it is also a testament to the growing market recognition of Loop product’s performance and cost advantages. We look forward to building on this momentum as we expand our market footprint in China, Europe and other international markets.”
Source: Loop Energy