Loop Energy Announces First Supply Shipment of Hydrogen Fuel Cell Modules to ECUBES in Europe
March 29, 2021
Loop Energy, a Canadian based developer and manufacturer of hydrogen fuel cell-based solutions, announces the shipment of its first unit of eFlow™ fuel cell modules to ECUBES—a rapidly growing developer of hydrogen electric systems for stationary power applications based in Slovenia. 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. “This first shipment represents a major milestone for both Loop and ECUBES, as we work hand in hand to address the rapidly increasing demand for this up-and-coming segment of the industry.”
Under the terms of the agreement, Loop’s high fuel-efficient fuel cell modules are to be integrated with ECUBES’ proprietary Thermal Green Hydrogen Energy Storage solution HYDROGENIUM, which stores energy in solid matter with no pressurised vessels for hydrogen. Systems are designed to be supplied to a range of European customers including the European Defence Agency’s “RESHUB” project (Defence RESilience Hub Network in Europe), a project that aims to improve energy efficiency in the European defence sector. ECUBES has a long history developing sector coupling projects between the power, gas, transport, and defense sectors based on hydrogen technologies. Developments include hydrogen powered stationary systems, energy storage, as well as zero-emission transport projects around the world.
Loop Energy and ECUBES intend to pursue additional opportunities once the first projects are initiated.
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