Loop Energy and BayoTech have inked a joint market development agreement for the deployment of hydrogen vehicles and hydrogen fueling infrastructure.
The collaboration aims at reducing the complexity of adopting hydrogen electric solutions by providing fleet operators with clear and actionable strategic direction in respect to fuel cell powered vehicles and hydrogen fuel infrastructure.
Under the agreement, Loop and BayoTech will collaborate on development of market opportunities for deployment of vehicles manufactured by Loop’s OEM customers in combination with on-site hydrogen generation infrastructure provided by BayoTech. The initial scope of such market development activities is further centered around the vertical markets of materials handling, warehouse and port logistics, including drayage; transit and coach bus service; urban delivery services; and stationary power applications.
The initiative forms an integral part of Loop’s Total Customer Care strategy aimed at combining a full portfolio of industry leading hydrogen fuel cell modules with a 360-degree hydrogen ecosystem of integration service providers, component suppliers and fueling solutions to help accelerate time-to-market and reduce product launch burdens for Loop’s OEM customer.
“Fleet operators are facing increased pressure to transition to zero-emissions and our partnership with Loop Energy creates an ecosystem that removes many of the barriers to adoption of hydrogen fuel cells as a solution, Both Loop and BayoTech are focused on enabling the lowest cost of ownership solutions to the fleet operator customers. We look forward to building on the foundation of this important strategic partnership as we continue to work together towards mass-market adoption of hydrogen fuel cell technologies.”Stewart Stewart, chief commercial officer at BayoTech.
“We believe that hydrogen vehicle cost of ownership and easy, economical access to the hydrogen fuel are closely intertwined and are both critical to successful project development, Our collaboration with BayoTech widens the hydrogen ecosystem, supports our OEM customers in market and sales channel development process, and helps bring down the barriers and the cost of adoption of hydrogen electric solutions by commercial vehicle operators. This is yet another progressive chapter in the global acceleration of hydrogen adoption.”George Rubin, chief commercial officer of Loop Energy.