Loop Energy Awarded $9.75 Million in Funding From Government of Canada to Scale Production Capabilities
Loop Energy will invest the funding into increasing the manufacturing capacities of its hydrogen fuel cell stacks and modules at its Burnaby, Canada, manufacturing facility.
- Loop Energy will invest the funding into increasing the manufacturing capacities of its hydrogen fuel cell stacks and modules at its Burnaby, Canada, manufacturing facility.
- View the full release here: https://www.businesswire.com/news/home/20220502005812/en/
Loop Energy Awarded $9.75 Million in Funding from Government of Canada to Scale Production Capabilities (Photo: Business Wire)
The Jobs and Growth Fund helps businesses and organizations transition to a green economy and create jobs, and position local economies for long-term growth. - After being chosen for its contribution to the clean technology sector, Loop Energy will begin receiving funding in 2022 through 2025 as an interest-free loan.
- The Jobs and Growth Fund investment will help Loop Energy scale our production capacities over the coming years, said Loop Energy Chief Financial Officer, Damian Towns.