‘New Agreements and Key Milestone Towards HPDI 2.0 Production’
Westport reports new agreements with Volvo Group “governing the development, commercial launch and supply of Westport High Pressure Direct Injection (HPDI) 2.0 technology in its heavy-duty trucks over the next several years.”
“These agreements mark the progression of years of technology development and represent the successful contribution of many, many partners and customers who helped us develop HPDI,” Westport CEO David Demers said in a release.
HPDI 2.0 is expected to allow the new availability of larger natural gas engines, as the now discontinued HPDI product had been applied to the 15-liter Cummins ISX diesel, allowing it to run primarily on natural gas with liquefied natural gas fuel systems.
‘Same as Diesel’ Performance
“HPDI 2.0,” Westport says, “continues to be the only natural gas system that can offer ‘same as diesel’ horsepower, torque, transient response, engine braking power and fuel economy. It also provides up to 20% reduction in greenhouse gas emissions compared to equivalent diesel engines, making it far and away the best commercial option for heavy duty trucking customers seeking to reduce their greenhouse gas emissions.”
“We believe that this is an important milestone for WPRT in a multi-year process with Volvo,” Craig-Hallum institutional research analysts Eric Stine and Aaron Spychalla said in a report released Monday.
Westport’s ‘Most Important Growth Path Forward’
“We think these new agreements mean that Westport and Volvo have finalized the terms and conditions of the agreement related to the further development, commercial launch, and financial terms for its HPDI 2.0 programs in Europe,” they said.
“We view HPDI 2.0 as WPRT’s most important growth path forward [and view this announcement as] another strong validation of the operational and emissions benefits of HPDI 2.0 from Volvo.”
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Source: Westport with Fleets & Fuels follow-up