Westport's Alternative Fuel Technologies Can Play an Important Role in Meeting the Strengthened European Decarbonization Targets for Heavy-Duty Vehicles

StreetInsider04-11

H2 HPDITM, our cost-effective, high-performance solution to support climate neutrality in the heavy-duty mobility sector will be able to attain ZEV classification for many truck configurations ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2426232128?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-11 18:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2426232128","market":"us","top_or_hot":-1,"title":"Westport's Alternative Fuel Technologies Can Play an Important Role in Meeting the Strengthened European Decarbonization Targets for Heavy-Duty Vehicles","media":"StreetInsider","content":"<div>\n<p>H2 HPDITM, our cost-effective, high-performance solution to support climate neutrality in the heavy-duty mobility sector will be able to attain ZEV classification for many truck configurations\n...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=23053893\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Westport's Alternative Fuel Technologies Can Play an Important Role in Meeting the Strengthened European Decarbonization Targets for Heavy-Duty Vehicles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWestport's Alternative Fuel Technologies Can Play an Important Role in Meeting the Strengthened European Decarbonization Targets for Heavy-Duty Vehicles\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-11 18:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=23053893><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>H2 HPDITM, our cost-effective, high-performance solution to support climate neutrality in the heavy-duty mobility sector will be able to attain ZEV classification for many truck configurations\n...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=23053893\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0256863811.USD","symbol_name":"ALLIANZ US EQUITY \"A\" INC","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=23053893","article_id":"2426232128","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426232128","pubTimestamp":1712831400,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"H2 HPDITM, our cost-effective, high-performance solution to support climate neutrality in the heavy-duty mobility sector will be able to attain ZEV classification for many truck configurations. \"As a key supplier of hydrogen and other alternative fuel system solutions, we are encouraged by the EU's revised CO2 emission standards for heavy-duty vehicles,\" said Dan Sceli, Chief Executive Officer of Westport Fuel Systems. \"These new standards reflect ambitious decarbonization targets that can be achieved by utilizing a blend of new and current vehicle and fuel system technologies such as those in Westport's portfolio while also clearing a path to encourage future investment in the best and most affordable solutions to decarbonize heavy-duty transport.\". H2 HPDI fuel system – high efficiency hydrogen ICE technology allowing a wide range of truck configurations to comply with the ZEV threshold of","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4588":"碎股","BK4120":"环境与设施服务","ZEV":"Lightning eMotors, Inc.","BK4123":"调查和咨询服务","FC":"富兰克林柯维","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4156":"煤与消费用燃料","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","EU":"ENCORE ENERGY CORP","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","BK4112":"金融交易所和数据","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","ICE":"洲际交易所","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4585":"ETF&股票定投概念","FTEK":"燃料技术","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4149":"建筑机械与重型卡车","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H"},"translate_title":"西港的替代燃料技术可以在满足欧洲重型车辆的强化脱碳目标方面发挥重要作用","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZEV":1,"EU":1,"FC":1,"FTEK":1,"ICE":1},"content_text":"H2 HPDITM, our cost-effective, high-performance solution to support climate neutrality in the heavy-duty mobility sector will be able to attain ZEV classification for many truck configurations\nVANCOUVER, BC, April 11, 2024 /PRNewswire/ - Westport Fuel Systems Inc. (\"Westport\" or the \"Company\") (TSX: WPRT) (Nasdaq: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, welcomes the recent agreement between European legislators regarding the lowering of CO2 emissions in the European Union's (EU) heavy-duty road transport sector. The regulatory agreement sets forth revised corporate CO2 emissions reduction targets for new original equipment manufacturers' (OEM) heavy-duty vehicles at 45 percent by 2030, 65 percent by 2035, and 90 percent by 2040 as 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 comply using a portfolio of CO2 reduction solutions including low carbon fuels, hydrogen combustion, fuel cell, and battery electric technologies. Zero-emission vehicles (ZEV) are a central element of these CO2 regulations, and Westport's H2 HPDI fuel system solution is compatible with the ZEV threshold of 3gCO2/ton-km.\n\n\n\n\n\n\"As a key supplier of hydrogen and other alternative fuel system solutions, we are encouraged by the EU's revised CO2 emission standards for heavy-duty vehicles,\" said Dan Sceli, Chief Executive Officer of Westport Fuel Systems. \"These new standards reflect ambitious decarbonization targets that can be achieved by utilizing a blend of new and current vehicle and fuel system technologies such as those in Westport's portfolio while also clearing a path to encourage future investment in the best and most affordable solutions to decarbonize heavy-duty transport.\"\nNadège Leclercq, Senior Director of Government Relations and Market Development, added, \"In establishing the overall fleet CO2 reductions targets, revising the zero-emission vehicle threshold to 3gCO2/ton-km, the legislature of the EU has added a degree of flexibility for both OEMs and their customers to continue on the road to decarbonization. This flexibility is much needed in a transport sector that must cater to a diverse range of operational requirements. While we regret the absence of a mechanism to account for the benefits of renewable fuels, expanding the fleet of vehicles that are able to utilize these low carbon fuels, including biomethane, is imperative to realizing true CO2 reductions across the heavy-duty vehicle sector.\"\nWestport's clean mobility solutions are engineered for a diverse set of zero-emission vehicles with hydrogen fuel systems and components for both internal combustion engines (ICE) and fuel cell (FC) applications including:\nH2 HPDI™ fuel system – high efficiency hydrogen ICE technology allowing a wide range of truck configurations to comply with the ZEV threshold of 3gCO2/ton-kmEngine management systems for spark ignited engines – engineered for monofuel hydrogen ICEs that are classified as a ZEV technology by regulatory definitionHydrogen components for fuel pressure management and regulation – a portfolio of components that are used commercially today in the growing market for hydrogen fuel cell and ICE vehicles\"Our current products and innovative technologies support long-term decarbonization by efficiently reducing CO2 emissions across different applications, delivering both environmental benefits and cost-effectiveness,\" said Scott Baker, Vice President of Global Engineering for Westport Fuel Systems. \"Advanced products, such as our LNG HPDI fuel system on the road today, used with increasing shares of biomethane have in the past years and will in the coming decades continue to deliver growing CO2 reductions to the heavy-duty vehicle sector in Europe and will be supplemented with an expanding range of hydrogen products.\" \nThere is more work to be done as the commercial transportation sector continues its green energy progression to a more sustainable future. Westport is committed to working together with EU legislators, OEMs and fleets alike to create reliable solutions that meet required decarbonization targets and are tailored to unique application and operational needs.\nAbout Westport Fuel SystemsAt Westport, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and 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 required by transportation applications 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 ahead. For more information, visit www.wfsinc.com.\n View original content to download multimedia:https://www.prnewswire.com/news-releases/westports-alternative-fuel-technologies-can-play-an-important-role-in-meeting-the-strengthened-european-decarbonization-targets-for-heavy-duty-vehicles-302113978.html\nSOURCE Westport Fuel Systems Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.5","shortVersion":"4.22.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426232128"}