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Loop Energy Awarded $9.75 Million In Funding From Government Of Canada To Scale Production Capabilities

Loop Energy Awarded $9.75 Million In Funding From Government Of Canada To Scale Production Capabilities

05/02/22, 8:09 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgvancouver
Money raised
$9.75 million
Loop EnergyTM (TSX: LPEN) announces it has been awarded $9.75 million CAD over three years from the Government of Canada through Pacific Economic Development Canada’s (PacifiCan) Jobs and Growth Fund. Loop Energy will invest the funding into increasing the manufacturing capacities of its hydrogen fuel cell stacks and modules at its Burnaby, Canada, manufacturing facility.

Company Info

Company
Loop Energy
Location
vancouver, washington, united states
Additional Info
Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ is designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.