This is the first in a series of shipments under the previously announced agreement between Loop Energy and ECUBES, supplying more than 50 units of hydrogen fuel cell modules over the next two years. This also marks Loop Energy's first commercial shipment to the European Union as the company continues to expand availability of products and services throughout Europe, China and other key global markets.
"Hydrogen is beginning to emerge as a solution of choice when it comes to decarbonization of the global diesel genset market and is widely expected to nearly double by 2027 from its reported 2019 base of $16.4 billion USD," said Ben Nyland, President and Chief Executive Officer of Loop Energy.
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