Loop Energy says it has been awarded a $7.5 million grant from Sustainable Development Technology Canada (SDTC) to accelerate deployment of the company’s new zero-emission powertrain for heavy-duty trucks.
The Loop powertrain is ideally suited for urban freight applications, such as yard trucks and delivery trucks operating at commercial distribution centers and drayage trucks operating at ports. The company says the SDTC grant will accelerate the deployment of the Loop system in Class 8 trucks built by Peterbilt that will be put to work at a customer location.
According to Loop, zero-emission, heavy-duty powertrains enable the annual reduction of 64 tons of carbon dioxide per truck – equal to removing 15 automobiles each year from our roads.
“This award reflects their conviction that Loop’s zero-emission powertrain is a commercially competitive solution for heavy-duty trucks, and that’s a huge validation for us,” says Ben Nyland, president of Loop Energy.