Companies playing in the hydrogen fuel cell space haven’t yet captured the public imagination — but that could change soon.
Few people took notice this week when Vancouver-based Loop Energy Inc. announced that a German freight haulage company may order 20 of its hydrogen fuel cells for use in an electric truck fleet.The potential order from Germany’s Rheintal-Transporte GmbH & Co.KG, to be spaced out over the next two years, hardly suggests a green energy revolution.
“The numbers are not that massive,” George Rubin, Loop’s chief commercial officer acknowledged to the Financial Post. “You’re talking about 10 trucks here, 20 trucks there.”
But he added, “What you see right now, is sort of the green shoots of this application, the early adopters coming through, and that’s why the numbers are not huge.”
After 20 years of research and development, Loop Energy is finally starting to commercialize its patented eFlow hydrogen fuel cell technology. In February, the company raised $100 million from an initial public offering on the Toronto Stock Exchange that priced shares at $16 apiece - link
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