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
Watch this Edison interview with Loop Energy CEO Ben Nyland, following the company’s Q222 earnings release on 3 August.
Ben highlights a record quarter for the company, with strong commercial momentum set to continue for the rest of the year and into 2023. In addition to an upgrade to current guidance, he comments on Loop Energy’s strong position in the market for commercial vehicle fuel cell systems and its ambitions to leverage its technologies into adjacent markets, such as electrolysis.