Loop Energy Partners with Aliant Battery to Provide Hydrogen Technology for Netherlands’ Green Residential Hub

Loop Energy™ has sold a S300 (30 kW) series fuel cell system to its channel partner Aliant Battery for their customer Hylife Innovations, a Dutch developer of sustainable power solutions for industry and buildings. Loop’s fuel cell system will be integrated into Hylife’s Innovahub, which powers residential districts by utilizing green hydrogen to power residential buildings in the Netherlands.

The sale results from Loop Energy’s channel partnership with Aliant Battery, an Italian developer of lithium batteries. Hylife’s solution aims to combine battery technology and a hydrogen fuel cell system to generate electricity for applications within residential neighbourhoods. Aliant Battery and Loop Energy will lead the engineering of the two technologies to provide a high-efficiency hydrogen electric generator. Aliant Battery was added as a qualified ecosystem partner in Loop Energy’s Total Customer Care program in May 2021.

With a focus on reducing emissions and mitigating climate change, Hylife’s solutions aim to make energy generation and storage more sustainable and intelligently managed. The company is supported by the Government of the Netherlands, who has committed to reducing greenhouse gas emissions by 49% by 2030. Hydrogen is set to play a pivotal role in the Netherland’s energy transformation as it limits production from the Groningen gas field in 2022 with the ultimate goal of closing it in 2026.

“Our solution is designed to harness localized energy generation and storage efficiently, to better manage energy security and grid utilization in Europe,” said Hylife Founder, Jean-Paul Scheurleer. “By integrating Aliant Battery’s and Loop Energy’s advanced technologies into Innovahub, we can develop a green and sustainable power solution to provide electricity and thermal energy to people’s homes.”

“We welcome the opportunity to support innovative projects, such as Hylife’s Innovahub that have the potential change the way residential neighbourhoods are powered in Europe,” said Loop Energy Chief Commercial Officer, George Rubin. “Once again it has been a pleasure to partner with Aliant Battery to deliver an affordable and effective zero-emissions power solution.”

Loop Energy’s partnership with Aliant Battery previously resulted in the sale of an S300 fuel cell system to emfeld Gmbh to develop generators for film sets in December 2021. This newest sale demonstrates the continued success in Loop Energy’s channel partner relationships.

Loop Energy and Hylife will exhibit at the 2022 World Hydrogen Summit & Exhibition in Rotterdam from May 9 to 11. The joint-marketing initiative will aim to educate attendees on how hydrogen fuel cells and sustainable energy can power buildings and industrial equipment, in addition to showcasing Loop Energy’s fuel cell solutions.

Forward Looking Warning

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations and projections regarding future events. Particularly, statements regarding the Company’s expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information, including without limitation statements related to Hylife’s ability to make energy generation and storage more sustainable and intelligently managed, hydrogen’s pivotal role in the Netherland’s energy transformation, the expected date for the closing of the Groningen gas field, Hylife’s ability to deliver a product that will be a green and sustainable power solution that is affordable and effective and that will better manage energy security and grid instability in Europe,

Forward-looking information is based on a number of assumptions (including without limitation assumptions with respect the current and future performance of the Company’s products and growth in demand for the Company’s products from Hylife, Aliant Battery and other customers and end users)  and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward‐looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy, progress existing and future customers through the Customer Adoption Cycle in a timely way, the realization of electrification of transportation, the elimination of diesel fuel and ongoing government support of such developments, the expected growth in demand for fuel cells for the commercial transportation market and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated March 23, 2022. Loop disclaims any obligation to update these forward-looking statements.