Cummins invests in hydrogen fuel company Loop Energy

1 MinutesBy NZ Trucking magazineSeptember 20, 2019

Cummins Inc. has invested in Loop Energy, a leading provider of fuel cell electric range extenders for medium and heavy-duty transport applications.

“Cummins is investing in a broad portfolio of power solutions, including advancements in hydrogen fuel cell technologies and the electrification of commercial applications,” said Cummins vice president of corporate strategy Thad Ewald. “This investment is continued evidence of our commitment to next-generation trucking technologies, and we look forward to working with Loop Energy to further validate the provision of zero-emissions fuel cell range extenders for customers.”

Loop Energy will also supply Cummins with range extender systems for incorporation into demonstration trucks. Loop‘s no-compromise module provides a breakthrough in terms of cost and power density, allowing truck operators to transition to zero-emissions without an impact to cost of ownership.

“Cummins investment in Loop Energy affirms the positioning of our company and technologies to meet the demand for a cost-effective alternative to the internal combustion engine in commercial trucking,” said Loop Energy president and chief executive officer Ben Nyland. “This new investment by Cummins is solid evidence of the traction we are gaining in the market through investments, customer orders, and vehicle demonstration programmes.”