VANCOUVER, BC— Loop Energy (TSX: LPEN), a developer and manufacturer of hydrogen fuel cell-based solutions, announces the receipt and fulfillment of an order for ten units of the company’s proprietary eFlow® fuel cell modules from Beijing IN-Power for integration by Skywell New Energy Vehicles Group (Skywell) in Nanjing, China.
The shipment marks the second phase of a previously announced memorandum of understanding between the Lishui Economic Development Zone of Nanjing and Beijing IN-Power — Loop Energy’s China-based joint venture partner supplying the fuel cell engines.
This second phase of the agreement is a direct result of a highly successful initial testing period. It marks a meaningful step toward Lishui reaching their objective of deploying a 300-vehicle fleet powered by hydrogen in Nanjing. This is key in complying with China’s National Fuel Consumption Standard—a mandate required for all new commercial heavy-duty vehicles sold in China — and proving out the viability of hydrogen-electric energy in the bus industry.
Skywell’s newly released model NJ6106FCEV 10.5m long bus is manufactured by the company’s subsidiary Nanjing Golden Dragon Bus Co., Ltd. The vehicle is equipped with a heavy-duty 50kW fuel cell engine, has a range of 450 kilometers with Loop Energy’s signature high fuel efficiency eFlow® technology, and can eliminate more than 100 tonnes of CO2 emitted per diesel bus annually. Skywell received index approval from China’s Ministry of Industry & Information Technology (MIIT) for a zero-emission public transportation bus powered by Loop Energy’s fuel cell engines in 2020.
“We are excited to proceed to the next stage of this project with Loop Energy and Skywell, a project that leverages Loop’s industry-leading fuel cell modules and InPower’s DC-DC unit for commercial vehicle applications in China,” said John Zhang, Founder and President of IN-Power. “IN-Power and Loop will continue to provide Skywell with engine technology to progress their production of hydrogen-electric vehicles and look forward to seeing their advancement in the alternative energy space.”
“Embarking on the second phase of this project is an exciting milestone as we progress towards large-scale commercial deployment in China,” said Ben Nyland, President and Chief Executive Officer of Loop Energy. “We are optimistic for China’s implementation of hydrogen fuel-based solutions and are eager to continue our work with both Skywell and IN-Power to achieve our shared goal of broadly deployed hydrogen fuel cell vehicles in China.”