(Information sent by the signatory company)
- Westport alternative fuel technologies can play an important role in meeting strengthened European decarbonisation targets for heavy vehicles
H2 HPDITM, our high-performance, cost-effective solution to support climate neutrality in the heavy vehicle mobility sector will be able to achieve ZEV classification for many truck configurations
VANCOUVER, BC, April 11, 2024 /PRNewswire/ -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT), a leading provider of advanced fuel systems and components alternative for the global transport industry, welcomes the recent agreement between European legislators on the reduction of CO2 emissions in the European Union (EU) heavy road transport sector. The regulatory agreement sets revised corporate CO2 emissions reduction targets for heavy vehicles from new original equipment manufacturers (OEMs) by 45 percent by 2030, 65 percent by 2035 and 90 percent by 2040 compared to a 2019 baseline, while ensuring that existing innovative technologies are preserved. These emissions reduction targets maintain a degree of flexibility for OEMs to meet them using a portfolio of CO2 reduction solutions including low carbon fuels, hydrogen combustion, fuel cells and electric battery technologies. Zero emission vehicles (ZEVs) are a core element of these CO2 regulations, and Westport's H2 HPDI fuel system solution is compatible with the ZEV threshold of 3 gCO2/ton-km.
"As a key supplier of hydrogen and other alternative fuel system solutions, we are encouraged by the revised EU CO2 emissions standards for heavy-duty vehicles," said Dan Sceli, CEO of Westport Fuel Systems. "These new standards reflect ambitious decarbonization goals that can be achieved by utilizing a combination of current and new vehicle and fuel system technologies, such as those in the Westport portfolio, while clearing the way to encourage investment future in the best and most affordable solutions to decarbonize heavy vehicle transport.
Nadège Leclercq, Senior Director of Government Relations and Market Development, added: "By setting overall fleet CO2 reduction targets, revising the zero-emission vehicle threshold to 3 gCO2/ton-km, the EU legislature has added a degree of flexibility for both OEMs and their customers to continue on the path to decarbonisation. This flexibility is much needed in a transport sector that must serve a wide range of operational requirements. While we regret the absence of a mechanism that takes into account the benefits of renewable fuels, expanding the fleet of vehicles that can use these low carbon fuels, including biomethane is imperative to achieve true CO2 reductions across the heavy vehicle sector.
Westport's clean mobility solutions are designed for a diverse set of zero-emission vehicles with hydrogen fuel systems and components for internal combustion engine (ICE) and fuel cell (FC) applications, including:
"Our current products and innovative technologies support long-term decarbonization by efficiently reducing CO2 emissions across applications, delivering environmental benefits and cost effectiveness," explained Scott Baker, vice president of global engineering at Westport Fuel Systems. "Advanced products, such as our LNG HPDI fuel system in circulation today, used with increasing proportions of biomethane, have in recent years enabled and will continue to deliver increasing CO2 reductions to the heavy vehicle sector in the coming decades. in Europe and complemented by a growing range of hydrogen products.
There is more work to be done as the commercial transportation sector continues its green energy progression toward a more sustainable future. Westport is committed to working alongside EU policymakers, OEMs and fleets alike to create reliable solutions that meet required decarbonization targets and adapt to unique applications and operational needs.
About Westport Fuel Systems
At Westport, we drive innovation to drive a cleaner tomorrow. We are a leading provider of advanced components and delivery systems for clean, low-carbon fuels, such as natural gas, renewable natural gas, propane and hydrogen, to the global transportation industry. Our technology delivers the performance and fuel efficiency transportation applications require and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, we serve our customers in more than 70 countries with leading global transportation brands. At Westport we think about the future. For more information, visit www.wfsinc.com.
Westport Media Relations, T: 1 604-718-1992, E: media@wfsinc.com; Westport Investor Relations, T: 1 604-718-2046, E: invest@wfsinc.com
Logo - https://mma.prnewswire.com/media/2384034...
View original content: https://www.prnewswire.com/news-releases/las-tecnologias-de-combustibles-alternativos-de-westport-jugaran-un-papel-importante-en-la-descarbonizacion-302114446.html
