Loop Energy inked a joint market development agreement with Técnicas Reunidas to secure future opportunities that require both TR’s hydrogen know-how and Loop Energy’s fuel cell technology.

The initial scope of this joint market agreement focuses on providing hydrogen-based solutions to several key vertical markets: transport agencies, truck, transit and coach bus service fleets, materials handling, warehouse and port logistics including drayage, urban delivery services and stationary power applications. With the assistance of TR’s on-site production and supply equipment, creating hydrogen both via water electrolysis and steam reforming of natural gas, biogas or bioethanol, Loop will be able to provide more convenient and cost-effective hydrogen solutions to their global customers. Loop and TR are also exploring partnership opportunities to develop solutions that leverage both Loop’s proprietary eFlow fuel cell technology and TR’s know-how and experience in hydrogen technologies.

“We are ready to embark on this partnership with Loop Energy and strongly believe our experience in hydrogen technologies, paired with Loop’s proprietary eFlow technology, will aid in building a robust hydrogen electric vehicle market across North America and globally by simplifying the path to FCEV adoption,” said Miguel Angel Vega of Técnicas Reunidas.