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

May 02, 2022•over 3 years ago

Amount Raised

$9.75 Million

Vancouver

Description

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 Information

Company

Loop Energy

Location

Vancouver, Washington, United States

About

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.

Company News

(10 articles)

Fri, 15 Nov 2024 13:24:56 GMT

Loop Energy and Mobility & Innovation Advance to Commercial Scale-Up Phase - Fuel Cells Works

Sat, 27 Jul 2024 07:00:00 GMT

Loop Energy Announces Delisting from the Toronto Stock Exchange - Yahoo Finance

Tue, 05 Apr 2022 07:00:00 GMT

Loop Energy Shanghai Appoints Quan Hu as President and Strengthens Its Board - Business Wire

Sat, 05 Apr 2025 13:58:11 GMT

Hydrogen-Electric Bus Utilizing Loop Energy’s Technology Launches in Europe - Fuel Cells Works

Tue, 05 Nov 2024 08:00:00 GMT

Loop Energy Announces Completion of Sale to Teralta - PR Newswire Canada

Wed, 26 Jul 2023 07:00:00 GMT

Loop Energy Announces Voting Results of 2023 Annual General Meeting - Yahoo Finance

Mon, 06 Jun 2022 07:00:00 GMT

Loop Energy Partners with ARCC to Expand into Promising Australian Hydrogen Bus Market - Business Wire

Mon, 28 Jun 2021 12:51:51 GMT

Loop Energy Records Over 75,000 Kilometers of Operation for Fuel Cell Municipal Bus Fleet in Nanjing, China - samoaobserver.ws

Tue, 07 Apr 2020 07:00:00 GMT

Loop Energy Receives Fuel Cell Range Extender Order for Transit Buses in Nanjing China - Fuel Cells Works

Thu, 09 Sep 2021 07:00:00 GMT

Loop Energy Enters Agreement with METTEM-M to Build - samoaobserver.ws

FundzWatch™ Score

Medium Activity