Loop Energy, BayoTech partner to deploy hydrogen fueling infrastructure
Companies will collaborate on development of market opportunities for deployment of hydrogen vehicles in combination with on-site hydrogen generation infrastructure.
Loop Energy, a designer of fuel cell systems targeted for the electrification of commercial vehicles, and BayoTech, an energy company committed to hydrogen solutions, announced 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”, says a company’s press release.
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.
