|

|

Hydrogen Fuel Cells

Despite substantial losses, Loop Energy sees 2021 revenue grow by 161%

|

By Will Hall - 2nd May 2022

Canada – Fuel cell manufacturer Loop Energy Inc, based in Vancouver, Canada, has announced its financial results for 2021, highlighting a 161% growth in revenue over 2020.

Full year revenue from 2021 totalled CAD1.4 million, up from 0.5 million in 2020. The firm ended the year with a net loss of CAD25 million, up from 8.9 million in 2020. Loop reported 22 purchase orders for its fuel cell systems in 2021 and hopes to triple this to 60 fuel cell units in 2022.

Become a subscriber to read article

Start free trial Already a subscriber? Click here to login.

Choose your subscription

Individual

£420 / annum

✓ 1 × users
✓ 3 × devices per user
✓ Unlimited articles
✓ Article Downloads
✓ Premium Content
✓ Enhanced Company Profiles

Select Subscription

Team

£1,650 / annum

✓ 5 × users
✓ 3 × devices per user
✓ Unlimited articles
✓ Article Downloads
✓ Premium Content
✓ Enhanced Company Profiles

Select Subscription

Group

£3,000 / annum

✓ 10 × users
✓ 3 × devices per user
✓ Unlimited articles
✓ Article Downloads
✓ Premium Content
✓ Enhanced Company Profiles

Select Subscription

Enterprise

£8,500 / annum

✓ Unlimited users
✓ 3 × devices per user
✓ Unlimited articles
✓ Article Downloads
✓ Premium Content
✓ Enhanced Company Profiles

Select Subscription

or Start your 30 day free trial today and get almost unrestricted access. Start your free trial

Subscription Features

Unlimited Article Limits

Access to all articles published daily as well as Truck & Bus Builder archives.

Access Article Downloads

Tables, graphs and statistical information as well as government papers.

Premium Content

Including in depth market reports, feature articles and interviews with industry leaders.