Loop Energy Announced an Efficient Hydrogen Fuel Cell System
Colin Smith — September 19, 2022 — Autos
References: loopenergy & autoblog
Loop Energy announced that its latest 'S1200' hydrogen fuel cell system delivers fuel economy and cost-efficiency that rivals diesel power, when used in large trucks. As for more specific numbers, Loop Energy noted that a truck can travel 111 miles on $100 of hydrogen fuel, whereas the same truck could travel 109 miles on $100 of diesel fuel.
Loop Energy believes that hydrogen is a viable alternative to electric vehicles as the automobile industry makes a much needed shift toward eco-friendliness and sustainability. The CEO of Loop Energy, Ben Nyland, stated in a comment to Reuters: "This brings the future forward. This product delivers the economics that are needed for adoption today," showing that the company believes there is a very real market interest in adopting hydrogen fuel cell technology, especially given that hydrogen engines only emit water.
Image Credit: Loop Energy
Loop Energy believes that hydrogen is a viable alternative to electric vehicles as the automobile industry makes a much needed shift toward eco-friendliness and sustainability. The CEO of Loop Energy, Ben Nyland, stated in a comment to Reuters: "This brings the future forward. This product delivers the economics that are needed for adoption today," showing that the company believes there is a very real market interest in adopting hydrogen fuel cell technology, especially given that hydrogen engines only emit water.
Image Credit: Loop Energy
Trend Themes
1. Efficient Hydrogen Fuel Cell System - There is an opportunity for companies to develop more cost-effective and efficient hydrogen fuel cell systems that rival traditional diesel power like Loop Energy's 'S1200'
2. Viable Alternative to Electric Vehicles - As the need for eco-friendliness and sustainability continues to grow, hydrogen could be a viable alternative to electric vehicles, creating an opportunity for research and development in this area
3. Economical Hydrogen Fuel - Improvements in the cost-efficiency of hydrogen fuel compared to traditional fuels create an opportunity for companies to invest in technology to produce hydrogen fuel at a more affordable price, like Loop Energy's 'S1200'
Industry Implications
1. Automotive Industry - The automotive industry should explore adoption of hydrogen fuel cell technology as a viable alternative to the traditional methods of powering vehicles
2. Renewable Energy Industry - The renewable energy industry could explore hydrogen fuel cell technology as a potential replacement for electric vehicles, creating opportunities for investment and growth
3. Energy Storage Industry - The energy storage industry could invest in research and development of more efficient and cost-effective hydrogen fuel cell systems for use in large trucks and other vehicles
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