Loop Energy: Equalising hydrogen-diesel fuel costs

Loop Energy: Equalising hydrogen-diesel fuel costs

Associated equity: Loop Energy

Headquartered in Vancouver, Loop Energy develops and manufactures patented hydrogen fuel cells. Its primary target is the ‘return-to-base’ fleet market of commercial vehicles such as buses and trucks. Having launched a 120kW fuel cell system, Loop Energy now has a wider power range on offer, with its fuel cell systems specifically designed for mid- to heavy-duty commercial vehicles. The latest system builds on Loop Energy’s existing technology, to give up to 54% fuel-to-wheel efficiency, compared to 20–25% for a diesel engine vehicle. In 2022 the business announced that it had achieved fuel cost parity with diesel fuel in some regions of the world. Management claims that this beat market expectations by up to eight years.

Loop Energy — 3 videos in collection

Loop Energy (TSX: LPEN) designs and manufactures hydrogen fuel cells. Having launched its latest product, Loop claims that the cost of the hydrogen fuel needed to run a hybrid electric-hydrogen vehicle, like a bus or a truck, is now 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.

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Webinar: Loop Energy - 2022 objectives

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