Cummins buys stake in Canadian FC maker, Loop Energy Inc
By Jim Gibbins - 1st April 2020
USA / Canada - September 2019, Cummins Inc of Columbus, Indiana, USA announced it had made a cash investment in Loop Energy Inc of Burnaby, British Columbia, Canada, a provider of fuel cell electric range extenders for medium and heavy-duty transport applications.
Ben Nyland, president and chief executive officer of Loop Energy at the time said: "Cummins investment in Loop Energy affirms the positioning of our company and technologies to meet the demand for a cost-effective alternative to the internal combustion engine in commercial trucking. This new investment by Cummins is solid evidence of the traction we are gaining in the market through investments, customer orders, and vehicle demonstration programs."
