In Canada, Loop Energy and H2 Portable Power Corp. (H2P) announced that they have entered into an agreement with the aim of forming a leading hydrogen industrial equipment company Under the merger agreement, Loop will acquire all of the issued and outstanding common shares of H2P, and H2P shareholders will receive common shares of Loop. “Hydrogen is the way, and customers are asking for solutions to replace their diesel-powered equipment. This transaction provides what the hydrogen sector in Canada and around the world is missing – the integration of fuel cells into transformative equipment the market can begin adopting now, not in another 5 or 10 years. We are partnering with industry leaders and government to deliver on the promise of the zero-emissions hydrogen economy,” said Scott Mason, CEO of H2 Portable Power Corp. The companies expect to close the merger process in April 2024.
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