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Loop Energy acquires Colombian and Spanish customers for its H2 fuel cell technology

Loop Energy announced two new customers, each developing medium-duty H2-electric trucks. Opex/Hevolucion, a Colombian systems integrator of batteries and H2 fuel cells, and Avia Ingeniería, a Spanish electric powertrain provider and systems integrator, are both looking to trial H2-electric vehicles in 2023.

Loop Energy enters the pilot phase of the customer adoption cycle with both companies, expanding its presence in the dynamic European market and establishing its first relationship in the emerging South American market. The news comes after Loop Energy recently upgraded its purchase order guidance for the next 18 months.

Having supplied components and infrastructure for battery-electric vehicles for more than a decade, Opex identified fuel cells as a solution for commercial vehicles in Latin America two years ago. Starting with a prototype, Opex aims to develop a logistics truck using Loop Energy’s S300 (30-kW) fuel cell as a range extender. Once built, the truck is expected to be trialed by a local fleet operator to evaluate how the technology can be deployed in larger truck applications.

Avia Ingeniería plans to also apply Loop Energy’s 30-kW fuel cell as a range extender in a tractor-trailer transport truck. The truck is a part of the ShineFleet project, which features various Spanish technology and engineering companies including Técnicas Reunidas. The aim of the pilot is to demonstrate the feasibility of H2 technology and educate fleet operators on how to scale a fleet. A logistics fleet operator is expected to integrate the truck into its service routes once it is operational in 2023.

“We’ve seen positive growth when it comes to using fuel cells in medium-duty electric trucks,” said Loop Energy Chief Commercial Officer, George Rubin. “Our team continues to identify manufacturers and fleet operators committed to the deployment of hydrogen-electric fleets worldwide. It is great to see Opex and Avia Ingeniería setting a positive example in their respective markets.”

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