Burnaby’s Loop Energy is going to Europe.
The developer and manufacturer of hydrogen fuel cell-based solutions has sold a S300 fuel cell module to Slovakia-based company, Mobility & Innovation (M&I) to fuel the electric powertrain of their new 8-meter transit bus.
This order is the first under the commercial agreement signed between the parties, which anticipates over USD $1.9 million in fuel cell shipments from Loop Energy over the next two and a half years.
“This marks the start of a new era in Slovakian bus manufacturing,” said János Onódi, Chief Executive Officer and Co-Owner of Mobility & Innovation a.s. “Combining our best-in-class lightweight composite body truck and our technology with Loop Energy, one of the best fuel cell platforms in the world, is a natural and exciting next step for us.”
M&I is the developer of a lightweight and zero-emission city bus platform, known for its zero emissions powertrain and industry leading GVWR (Gross Vehicle Weight Rating) for a zero-emission transit bus vehicle.
Manufactured with laminate composite materials, M&I buses are lighter than comparable steel vehicles. The low-curb weight enables greater passenger capacity, while still meeting even the most stringent of axel load requirements.
To further meet the need for both power density and fuel-efficient energy, M&I has selected Loop Energy to provide their proprietary fuel cell modules. Loop can deliver power and enable a smaller fuel storage system without compromising the weight or range of the bus. The fuel cell system will also aid in improved total cost of ownership for M&I’s customers.
“Mobility & Innovation’s M&I family of vehicles offers a great fit with both municipal and private bus fleet operators’ requirements. We are very excited about being a part of the upcoming launch of the hydrogen electric model of the M&I bus,” said George Rubin, Chief Commercial Officer of Loop Energy.
“Municipal transit is a great example of a vertical market with a very strong business case for hydrogen electric vehicles and as a result, we maintain a strong focus on establishing strategic partnerships with bus OEMs across the key geographic markets.”
Loop Energy (TSX: LPEN) went public on the TSX earlier this year, raising $100 million in the process.