Loop Energy and ECUBES sign offtake agreement
Loop Energy, a Canadian developer of hydrogen fuel cell-based solutions, to supply its cell modules to Ecubes – a Slovenian developer of hydrogen-electric systems for stationary power applications. Loop energy agrees under the Memorandum of Understanding (MoU) to supply fifty Loop Energy eFlow™ fuel cell modules to Ecubes over the two years.
EFlow® fuel cell technology is also used in vehicles. With around 10x better power density uniformity, it unlocks around 90% more peak power from the same size stack, doubles the vehicle’s drivetrain capabilities.
“We are very excited about the partnership with Ecubes as it constitutes an important step in Loop’s European expansion strategy, as well as an entry into the rapidly growing zero-emission stationary power market,” said Ben Nyland, President and Chief Executive Officer of Loop Energy.
Ecubes will use Loop’s fuel cell modules in its thermal, green hydrogen energy storage solution HYDROGENIUM, storing energy in solid matter with no pressurised vessels for hydrogen. These are designed for a wide array of European customers, including the European Defence Agency’s RESHUB project.
“To realise a vision for clean energy and economic growth, governments must succeed in implementing new energy concepts that involve a high penetration of renewable in the power mix,” said Aleksander Gerbec, President of ECUBES.
The RESHUB project is also provided with the EU funding of € 310,000 (US$ 373,000) under the Structural Reform Support Programme (SRSP) of the European Commission. It is the first time a defence-energy project is provided EU funding with the European Defence Agency’s help.
