Canada / South Korea – Loop Energy Inc, a manufacturer of fuel cell systems for commercial vehicles based in Burnaby, British Columbia, announced its South Korean distributor, NGVI* (Natural Gas Vehicles International) of Chuncheon, South Korea, secured a supply contract for a hydrogen electric bus project with a second municipality in the country, this time with the county of Ulju. Loop will supply its trademarked hydrogen fuel cell system (eFlow**). This marks the second major contract win in the South Korean market for both companies, proving a fruitful partnership***. Loop Energy see this as a strong validation for its products in the bus sector and signals strong growth in the South Korean market in accelerating demand for fuel cell adoption.
The two-year government project will see a hydrogen electric bus built by South Korean bus manufacturer, KAR Co. Ltd and put into operation in Ulju-gun, located within the hydrogen hub of Ulsan in South Korea. The first pilot bus is expected to be completed in 2024. Following the success of the demonstration in Ulju-gun, the fuel cell systems will be incorporated into fleets operating in the area.