Loop Energy and IN-Power form joint venture to develop heavy-duty trucks and bus fuel cell systems

Loop Energy and IN-Power form joint venture to develop heavy-duty trucks and bus fuel cell systems

Vancouver-based Loop Energy, a provider of fuel cell electric range extenders for medium and heavy-duty transport applications and Beijing-based IN-Power have established a non-exclusive joint venture agreement to produce heavy-duty motive power systems in China.

The manufactured heavy-duty motive systems developed through the joint venture will feature Loop Energy’s fuel cell stacks for the next generation heavy-duty electric buses and trucks in China. The joint venture will also see Loop contribute its system design to simplify and increase the efficiency of the fuel cell system.

IN-Power will bring its manufacturing capability and power electronic expertise, including its DC/DC fuel cell inverter technologies, to provide new and existing customers with a highly efficient and more-competitive zero emission heavy duty truck and bus powertrain solution.

“As China pursues aggressive deployments of zero emission vehicles to address escalating environmental and energy challenges, the demand for advanced fuel cell solutions will continue to grow,” said Ben Nyland, President and CEO of Loop Energy.

“We are excited to partner with IN-Power and hope to benefit from a new product offering that is strengthened by combining IN-Power’s market and manufacturing knowledge with Loop’s fuel cell systems to better support the growing demand for a commercially-viable zero emissions power solution for China’s growing heavy-duty commercial bus and truck segment.”

Loop Energy’s fuel cell stacks incorporate the company’s eFlow® technology to produce greater power density at a significantly lower capital cost compared to competitive fuel cells.

“As IN-Power looked to expand its sales and product offerings, we analysed new market segments where our proprietary knowledge, product solutions and customer based would provide a competitive advantage,” said John Zhang, Founder and President of IN-Power.

“After studying the fuel cell industry and its supply base in detail over a two-year period, and witnessing the tremendous support the sector has been in China from both industry and governments, we chose to partner with Loop Energy as their team had developed the best fuel cell solution in terms of performance and cost.”

“This collaborative agreement will allow us to provide a near-term, cost-effective powertrain solution for zero emission trucks and buses in China.”

China currently plants to have 1,000 hydrogen stations operational by 2030 to serve one million vehicles, including buses and heavy-duty vehicles, providing long range, fast refuelling, cold weather operation, and no impact to vehicle payload.

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