Canadian hydrogen fuel cell manufacturer, Loop Energy has reported record orders and revenues, for the third quarter ending September 30, 2022, securing quarterly revenues of $2.6m for the nine months, and $1.4m for three months ending September 30.
Additionally, Loop has said it has seen record purchase orders of 61, compared to 13 over the same period last year (2021), exceeding its original guidance set for 2022, reflecting the ramp up of hydrogen-powered mobility.
The news follows on from the company’s launch of its 120kW fuel cell system, the S1200 in September (2022), which Loop says builds off its existing technology to provide an additional efficiency gain of 20%.
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