Loop Energy, a provider of fuel cell electric range extenders for medium- and heavy-duty transport applications, has announced it has received a cash investment from Cummins.
“Cummins is investing in a broad portfolio of power solutions, including advancements in hydrogen fuel cell technologies and the electrification of commercial applications,” says Thad Ewald, Cummins vice president of corporate strategy. “This investment is continued evidence of our commitment to next-generation trucking technologies and we look forward to working with Loop Energy to further validate the provision of zero-emissions fuel cell range extenders for customers.”
Loop Energy will supply Cummins with range extender systems for incorporation into demonstration trucks. Loop says its “no-compromise’ module provides a breakthrough in terms of cost and power density, allowing truck operators to transition to zero-emissions without an impact to cost of ownership.
“Cummins investment in Loop Energy affirms the positioning of our company and technologies to meet the demand for a cost-effective alternative to the internal combustion engine in commercial trucking,” says Ben Nyland, Loop Energy president and CEO. “This new investment by Cummins is solid evidence of the traction we are gaining in the market through investments, customer orders and vehicle demonstration programs.”
