Loop Energy in fuel cell deal with Tevva

Canadian fuel cell specialist Loop Energy has signed a multi-year fuel cell supply agreement with U.K. vehicle manufacturer Tevva Motors Ltd., which includes delivery commitments in excess of $12 million through 2023.

Loop Energy has signed a multiyear supply agreement with UK vehicle manufacturer Tevva Motors to provide its eFlow fuel cell systems for Tevva’s Hydrogen-Electric Truck. (Photo: Tevva Motors)

Tevva will integrate Loop Energy’s fuel cell systems into its manufacturing process as it scales production of its Hydrogen-Electric Trucks to meet demand in 2023. The two companies’ relationship continues to gain momentum after Loop Energy’s eFlow fuel cell technology won a competitive tender process in 2021, which resulted in Tevva placing initial orders.

Building upon Tevva’s orders for 2022, Loop Energy said the significant surge in order volume in 2023 increases its confidence that it will meet and exceed its previous purchase order guidance. The growth in order volume indicates the commercial mobility sector’s willingness to adopt hydrogen fuel cell technology as a zero-emissions solution, Loop Energy said.

“The market for zero-emissions commercial vehicles continues to develop quickly, and this supply agreement with Tevva puts Loop Energy on the path to not only technology leadership, but fuel cell market leadership,” said Loop Energy President and CEO Ben Nyland. “This is amongst the largest fuel cell product supply agreements in recent years.

“The contract with Tevva is indicative of the surge in interest we see in Europe for hydrogen-electric vehicles and the fuel cells that power them. Tevva is quickly establishing itself as a leader in the zero-emission commercial vehicle market in Europe, and we are looking forward to providing the fuel cell systems they need to succeed.”

Tevva unveiled its first Hydrogen-Electric Truck at the Road Transport Expo in Warwickshire, U.K., late last month. It is anticipated that the first of the trucks will be on the road in 2022. Once deployed, the trucks are expected to rapidly add to the 500,000 km (310,685 miles) of on-road service Loop Energy’s fuel cells have already powered.

“Development of our Hydrogen-Electric Truck platform has been extremely encouraging, and we are seeing growing demand for our product line,” said Tevva Founder and CEO, Asher Bennett. ”Loop Energy continues to show it can support our production targets and provide a fuel cell solution that will deliver lower costs and improved performance to our customers.

“As a result, we are moving closer to our corporate goal of reducing 10 million tonnes of global transportation CO2 emissions by 2030.”

As a result of the agreement, which extends through to 2024, Tevva becomes the first customer to move into the Full Production Phase of Loop Energy’s three-phase Customer Adoption Cycle designed to support customers in commercializing their products and generates short-and long-term demand for Loop Energy’s fuel cells.