Aug 17, 2022 - 01:28 pm

Loop Energy is setting up a factory in the UK

Canadian fuel cell specialist Loop Energy will extend its presence in Europe later this month by expanding into the UK. The company plans to set up a production facility just outside of London to produce fuel cell components.

Loop Energy’s new facility is planned to be based in Grays, Essex, just east of the centre of London and next to a growing group of manufacturers helping decarbonize road transport, including current customer Tevva Motors, major hydrogen and electric truck OEM based in Tilbury.

Loop Energy stated that the company has already started to recruit employees for the new facility, with employees assisting in the areas of production support, customer support and inventory.

“Our investment commitment for the UK market is strategic to serve both UK and the rest of Europe. We expect to service a truck and bus market size upwards of US $15 Billion over the next 2 to 3 years, and our UK facility is established as the localized support center for these vehicles. Our investments to the UK will grow in lock-step with the growth of our local OEM customers, and our investment strategy will align with the timing and volume of our ecosystem partners as the industry ramps up supply to this market,” said Loop Energy President & CEO, Ben Nyland.

This is not Loop Energy’s first foray in Europe, however, as the company signed a supply agreement with the German company Rheintal-Transporte for fuel cell modules to be used as range extenders and has an order from the Slovakian bus manufacturer Mobility & Innovation. Just a few months afterwards, Loop announced their first business deal in Asia, with a South Korean fuel cell bus manufacturer. In addition, Loop Energy recently entered the Australian bus market as a supplier of fuel cell modules to Aluminium Revolutionary Chassis Company (ARCC) and the company has seen its order book grow substantially for its technology, with 52 purchase orders in the six months to the end of June, up from 13 over the same period last year.

loopenergy.com

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Found on electrive.com
https://www.electrive.com/2022/08/17/loop-energy-is-setting-up-a-factory-in-the-uk/
17.08.2022 13:32