Wednesday 21 September 2022

‘Hydrogen to be same price as diesel eight years early’

‘Hydrogen to be same price as diesel eight years early’

Hydrogen cost parity with diesel could be achieved eight years early, if a fuel cell manufacturer is to be believed.

Loop Energy has built a 120KW fuel cell system, which it claims will see the use of hydrogen in commercial transport become economically viable far quicker than previously thought.

Its new design allegedly provides 60% in net system efficiency – which translates to almost double the efficiency in fuel to wheels than a diesel truck.

[caption id="attachment_240965" align="alignnone" width="720"] Loop Energy's 120KW Fuel System - Image: Loop Energy[/caption]

Less hydrogen would be used per kilometre using this technology, which would see it fall into a similar price bracket as diesel – with the gas itself making up half the cost of ownership of hydrogen-electric vehicles.

The company claims that reducing the amount of hydrogen needed to power vehicles will see the cost of running them drop significantly to rival diesel – almost a decade earlier than expected.

Loop Energy President & CEO, Ben Nyland, said: “This brings world-leading fuel efficiency levels for medium to heavy-duty vehicles, crucially making the total cost of ownership lower and bringing fuel cost parity forward by four-to-eight years. Hydrogen fuel cell technology is in prime place as an alternative to diesel-powered vehicles.”

Written by

Bruna Pinhoni

Trending Articles