Loop Energy: Equalising hydrogen-diesel fuel costs

Industrials

Loop Energy: Equalising hydrogen-diesel fuel costs

Loop Energy (TSX: LPEN) designs and manufactures hydrogen fuel cells. Targeting early movers in the electric mid-to-heavy fleet road transport segment, the company’s patented technology has a unique combination of fuel efficiency, power density and durability.

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Now, Loop Energy says, its new generation of systems are delivering cost parity between hydrogen fuel and diesel – eight years earlier than market expectations.

Or to put it another way, Loop Energy is claiming that the cost of the hydrogen fuel needed to run a hybrid electric-hydrogen vehicle, like a bus or a truck, is now – if fitted with one of its latest fuel cells – on a par with diesel. At least for European operators.

In this video, Loop Energy’s Chief Commercial Officer, George Rubin, and Chief Scientist, Sean MacKinnon, explain the diesel parity claim.

To view more Loop Energy content, click here

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