Loop and Tevva sign fuel-cell deal
Tevva will employ Loop Energy’s fuel cells as it scales up production of its hydrogen-electric trucks
Canadian firm Loop Energy has signed a multi-year agreement to supply UK truck manufacturer Tevva Motors with fuel cells for its vehicles. Tevva will integrate Loop’s fuel-cell systems into its manufacturing process as it scales up production of its hydrogen-electric trucks from next year. The firm’s 7.5t truck has a battery-powered drive system with a hydrogen range extender. A prototype was unveiled for the first time last week at the Road Transport Expo in Warwickshire, UK. The company intends to produce 3,000 trucks per year by 2023 and expects the global electric truck market to grow from $1.15bn in 2020 to $14.19bn by 2027. It has raised $140mn in funding in the past two years to meet
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome