Interest in hydrogen fuel cells is picking up as the transportation industry.
Loop Energy announced today that they have received a cash investment from Cummins, the power systems giant that wrote the book on high-performance diesel engines.
Vancouver’s Loop Energy provides zero-emission power systems for heavy-duty transportation applications.
Loop works with vehicle manufacturers to design and deliver carbon-free motive solutions using both electric and hydrogen fuel cell technologies.
Today’s press release also confirmed that Loop Energy will supply Cummins with range extender systems for incorporation into demonstration trucks.
In commercial transport applications, fuel cell range extended vehicles emit no greenhouse gas or pollutant emissions and there is no impact to vehicle payload weight, power demands or refuelling time compared to battery-only systems.
“Cummins investment in Loop Energy affirms the positioning of our company and technologies to meet the demand for a cost-effective alternative to the internal combustion engine in commercial trucking,” said Ben Nyland, President and Chief Executive Officer of Loop Energy.
“This new investment by Cummins is solid evidence of the traction we are gaining in the market through investments, customer orders, and vehicle demonstration programs.”