Loop Energy Partners With GreenCore to Build EV Charging Stations
Loop Energy Inc. said it has partnered with electric vehicle-charging infrastructure development company GreenCore to develop and build hydrogen powered EV charging stations, with a first pilot installation expected to be completed this year.
The Canadian designer of fuel cell systems targeted for the electrification of commercial vehicles said Tuesday that it has plans for 1,500 electric vehicle charging and hydrogen refueling stations by the end of 2026, with the first pilot installation expected to be completed in 2021.
“As a part of the cooperation, GreenCore will work with Loop Energy as well as some of its ecosystem partners to design and build hydrogen powered DC fast charging stations based on Loop’s high efficiency fuel cells,” Loop said.
The company said that the partnership is formed at a time when the growth of electric vehicle sales continue to outpace the development of new charging points.
“This continued growth will further increase the enormous demand on the grid, requiring extensive investment to upgrade the distribution network that can take years to complete,” it said.
Source: marketwatch
