Published

Canadian Fuel Cell Company Forms China JV

Canada’s Loop Energy has formed a joint venture with China’s In-Power to develop fuel cell range extenders for trucks and buses in China.

Share

British Columbia-based Loop Energy has formed a joint venture with China’s In-Power, which specializes in power electronics equipment, to develop fuel cell-powered range extenders for trucks and buses in China.

The deal includes a non-exclusive licensing agreement for the venture to use Loop’s fuel cell technology. Financial terms weren’t disclosed.

China aims to have one million fuel cell cars and commercial vehicles on the road by 2030. To support the vehicles, the government plans to have more than 1,000 hydrogen fuel stations installed.

Loop claims its proprietary “eFlow” system provides improved power density and cost benefits over other fuel cells. Beijing-based In-Power will contribute its manufacturing capability and power electronic expertise, including its DC/DC fuel cell inverter system.

Loop, which was formed 15 years ago as PowerDisc Development, received an unspecified investment from Cummins Inc. last month. As part of that deal, Loop will supply Cummins with a fuel cell stack for use in demonstration trucks.

RELATED CONTENT

  • When Automated Production Turning is the Low-Cost Option

    For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.

  • On Automotive: An All Electric Edition

    A look at electric vehicle-related developments, from new products to recycling old batteries.

  • Jeeps Modified for Moab

    On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.

Gardner Business Media - Strategic Business Solutions