Canada-Taiwan Hydrogen Fuel Cell Forum

January 18, 2022

Loop Energy
Bringing Canadian Fuel Cell
Technology to the Globe

Ethan Hugh | Marketing Director

ethan.hugh@loopenergy.com
 Forward-Looking Statements
This presentation contains forward-looking statements that relate to the
Company’s current expectations and views of future events. In some cases,
these forward-looking statements can be identified by words or phrases such
as “forecast”, “target”, “goal”, “may”, “might”, “will”, “expect”, “anticipate”,
“estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “predict”, or “likely”, or
the negative of these terms, or other similar expressions intended to identify
forward-looking statements. The Company has based these forward-looking
statements on its current expectations and projections about future events
and financial trends that it believes might affect its financial condition, results
of operations, business strategy and financial needs.
Forward-looking statements are based on certain assumptions and analyses
made by the Company in light of management’s experience and perception
of historical trends, current conditions and expected future developments and
other factors it believes are appropriate and are subject to risks and
uncertainties. Although the Company believes that the assumptions
underlying these statements are reasonable, they may prove to be incorrect
and there can be no assurance that actual results will be consistent with these
forward-looking statements. Given these risks, uncertainties and assumptions,
prospective purchasers of common shares should not place undue reliance
on these forward-looking statements. Whether actual results, performance or
achievements will conform to the Company’s expectations and predictions is
subject to a number of known and unknown risks, uncertainties, assumptions
and other factors, including those listed under “Risk Factors” in our
prospectus dated February 18, 2021 (the “Prospectus”).
Disclaimer
Although the Company bases these forward-looking statements on
assumptions that it believes are reasonable when made, the Company
cautions investors that forward-looking statements are not guarantees of
future performance and that its actual results of operations, financial condition
and liquidity and the development of the industry in which it operates may
differ materially from those made in or suggested by the forward-looking
statements contained in this presentation. In addition, even if the Company’s
results of operations, financial condition and liquidity and the development of
the industry in which it operates are consistent with the forward-looking
statements contained in this presentation, those results or developments may
not be indicative of results or developments in subsequent periods. Given
these risks and uncertainties, investors are cautioned not to place undue
reliance on these forward-looking statements. Any forward-looking statement
that are made in this presentation speaks only as of the date of such
statement, and the Company undertakes no obligation to update any forward-
looking statements or to publicly announce the results of any revisions to any
of those statements to reflect future events or developments, except as
required by applicable securities laws. Comparisons of results for current and
any prior periods are not intended to express any future trends or indications
of future performance, unless specifically expressed as such, and should only
be viewed as historical data.
See “Forward-Looking Statements” and “Risk Factors” in the Prospectus for
more details.
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 Company Overview

Our Focus
Loop Energy is a manufacturer of industry leading
fuel cell systems targeted for the electrification
of commercial applications.
Commercial
30 Patents(1)
Application
in IP Portfolio
Focus

Rapidly
Expanding Market Ready
Electrification Products
Market

Over 80
Founded in 2000 employees
worldwide

1. As of December 31, 2020. Inclusive of patents in different stages (issued, in examination, and pending).

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 Loop Energy’s Global Footprint

• Loop Energy will open a parts

warehouse in Europe to provide
additional aftermarket support
in 2022.
• A wholly-owned Loop Energy
Shanghai manufacturing facility
will be complete and
operational in 2022.

1. Facility in China is leased and operated by the IN-Power-Loop JV.

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Canadian Production Facilities

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 Industry Leading Products
Provide Best-in-Class Results
eFlow™ is designed to enable
commercial customers to achieve
superior functionality and
lower total cost of ownership

Loop Fuel Cell System

eFlow™
Loop Fuel Cell Module
Fuel Cell
Includes Balance of Plants
(BoP) components

eFlow™ Fuel Cell Stack

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 A Fuel Cell Designed for Adoption

Outpower Outlast
up to 90% more
Up to 10x better
peak power
power density
Outperform uniformity
up to 16% lower
fuel consumption
As of August 31, 2021. Inclusive of patents in different stages (issued, in examination, and pending).
Based on Loop’s internal testing and comparisons of published studies of the performance of fuel cells from other manufacturers and competitors. In order to quantify the
benefit of eFlow ™ technology directly, Loop purchased commercially available CCM materials from a top competitor, built them into Loop eFlow™ fuel cell stack, and then
operated this stack at Loop’s best estimate of the top competitor’s operating conditions using publicly available information.
7

Straight Channel Geometry:
 Constant channel active area
 Decreasing oxygen concentration
Results in:
 Decreasing mass flow per unit area
 Non-uniform current density (A/cm2)
 No change in channel flow velocity
Confidential
The eFlow™ Advantage
eFlow™ Channel Geometry:
 Decreasing channel active area
 Decreasing oxygen concentration
Results in:
 Uniform mass flow per unit area
 Uniform current density (A/cm2)
 Increased channel flow velocity
 Increased Peak Power

 eFlow™ enables up to 90% higher peak power

in a same-sized stack

 This almost doubles the ability to satisfy the

performance increases needed due to
seasonal, terrain or payload requirements

 Reduces the need to overbuild the fuel cell, and

saves on system weight and size

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 Improved Power Density

eFlow™ enables even heat distribution

across the plate’s active area
 Up to 10x better current density uniformity
 Minimizes the key reasons for fuel cell aging due to
catalyst dissolution and carbon degradation
 Lower service and maintenance costs, more reliable
operating uptime

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 Increased Fuel Efficiency
Fuel efficiency is the number one driver for TCO.
eFlow™ can provide up to 16% better fuel
efficiency vs same class alternatives.
This means:
 Higher mileage per tank of fuel
 Lower lifetime fuel cost
The Loop Energy Difference for Transit Buses  Higher operational uptime
Scenario: Let’s assume ~8 kg per 100 km of hydrogen consumption,  Longer range
hydrogen cost of US$10 / Kg, Loop’s 16% fuel savings vs baseline  Lower system weight and size
FCEV’s TCO, and a 17-year lifespan per bus.  Higher payload

Consume ~2.3 tons less H2

per year per bus

~$23,000 in savings 30,000 km additional range

per year per bus or per year per bus

~$300,000 in lifetime 510,000 km additional range

op-ex savings or in lifetime operation

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 The Result is a win for both OEMs and end users

For OEM For End User

 Smaller footprint of module and components to  Lower total cost of ownership (TCO)
meet the same power output  Lower fuel consumption
 Delivers higher power with same-sized module  Lower fuel expense
 Lower onboard fuel storage / tank weight and  Longer range
size needed
 Higher passenger or cargo capacity
 Higher flexibility for vehicle design and within axle load limits
modular configuration
 Lower operating costs
 Quickens time-to-market by minimizing the
 Less maintenance
redesign process
 Less downtime / More uptime
 Lighter weight vehicle
 Lower cost to build

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 Our Solutions
Current Products Products in Development

Coming
Soon (1)

30 kW Module 50 kW Module 60 kW Module 120 kW Module 250 kW Module

Target Applications Target Applications

Urban Delivery Buses Material Handling Stationary Construction Trucks Marine Train

Loop Energy is also currently researching

next generation MEA and bipolar plate technologies
for use in eFlowTM
1. Projected kW as of design phase.

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 Loop Energy is Powering Hydrogen Electric Innovation Across the Globe
Loop Energy is earning numerous customers and partners utilizing its
eFlow™ technology in a diverse range of applications around the world.

Skywell NGVI Hydrogen-in-Motion Staad Groep

China South Korea Canada Netherlands
Bus Fleet Transit Bus Integration Rail Construction Equipment

Morello Mobility & Innovation a.s. Aliant Ultralight Battery Ecubes

Italy Slovakia Italy Slovenia
Industrial Materials Handling Transit Bus Integration Stationary Power Systems Stationary Power Systems

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 Loop’s Trusted Ecosystem of Partners

Loop Energy customers have access to:

 A directory of Qualified Ecosystem Partners for an
integrated solution
 Suppliers that are quality-tested to install seamlessly with
our hydrogen fuel cell solutions
 An ecosystem carefully chosen by Loop Energy to create
a circle of trusted network of suppliers to source from
.

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 Why Customers Choose Loop’s Fuel Cells
Customers across a many applications are choosing
Loop Energy products to leverage this value
We have chosen to
partner with Loop
Energy because their Fuel efficiency
products combine
performance and is one of the
economics into one main factors we Fuel efficiency is
critical to the cost
value proposition look for in a fuel of ownership. We
that gives fleet cell technology can integrate
operators exactly This feature (fuel as it is critical Loop’s high
what they want.” efficiency) is the efficiency fuel cell
most important. We to vehicle technology to have
are very happy to
work with Loop and
economics.” the solution for
we’re confident we the future.”
will do a good job
together.”

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Ethan Hugh | Marketing Director
ethan.hugh@loopenergy.com

More Power To Move You

www.loopenergy.com

Loop-Energy-Inc

@LoopEnergyInc
 Air Filter

A Holistic System
Fuel Cell
Module
Cooling
System
Balance of System
Fuel Cell Control Unit (FCU)
Inside Module Electricity
Vehicle Heat
Control Unit Cool
LOOP (VCU) Hydrogen
SYSTEM

DCDC

Drive Train
Pressure Relief Valve Battery

DC to AC
Hydrogen Converter
Supply
Stationary
Application
Electric Connection –
Control Data

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 Why Choose Loop Energy?

Globally positioned to supply a variety

of market applications

Industry-leading eFlow™ technology delivers superior

functionality and lower-total-cost of ownership

“Plug-and-play” application-ready modules and

systems customized to your needs

Access to an experienced integration team

and Loop’s qualified ecosystem of partners

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 Our People
Executive
Team

Ben Nyland Damian Towns George Rubin Dr. Daryl D. Musselman Dr. Sean MacKinnon
President & CEO Chief Financial Officer Chief Commercial Officer Chief Operating Officer Chief Scientist
25 years experience in corporate 25 years experience in finance and 20+ years experience as a 30+ years experience in renewable 20+ years experience in
leadership and market expansion strategic planning technology industry executive energy and automotive manufacturing fuel cell development

Key Team
Members

Luigi Fusi Mikko Bergqvist Ethan Hugh Hitesh Advani Rob Stevenson Matthew Guenther
Executive Director of Sales, Director of Sales and Director of Marketing Customer Support Engineer Director of Operations Principal Engineer
EMEAR Business Development (EU) 15+ years experience in in Business Development 20+ years experience in fuel Architecture
20+ years experience in global 20+ years experience in automotive and electric 5 years experience in cell development and 15+ years experience in fuel cell
technology business global industrial equipment vehicle marketing automotive and fuel cell automotive manufacturing development
development business development engineering 22
 Our Modules

S300 / 30kW Module T505 / 50kW Module T600 / 60kW Module

Net Continuous Power 30kW 50kW 60kW

Nominal Power Range 15kW-30kW 25kW-60kW
Net Cruise Mode(1)
Operating Efficiency 58% 54% 56%

Weight 93 kg 135 kg 146 kg

Dimensions 719mm L x 457mm W x 450mm H 939mm L x 511mm W x 545mm H 790mm L x 655mm W x 545mm H
Minimum Custom
Packaging Volume(2) 106 L 128 L 130 L

Estimated
Lifetime Fuel Savings(3) >$45K USD??? >$85K USD???

1. Cruise Mode defined as operating power equal to 50% of rated continuous net power
2. Component volume excludes the enclosure, hoses and cables
3. Estimated value of 16% reduction in fuel consumption vs comparable product with the same FC stack active area over 30,000 hours at $10 USD/kg hydrogen fuel price 23
 Experience in Integration for Customer Apps
Sales Team
 A directory of Qualified Ecosystem
Partners for an integrated solution
 Suppliers that are quality-tested to install
seamlessly with our hydrogen fuel cell
solutions
 An ecosystem carefully chosen by Loop
Energy to create a circle of trusted
network of suppliers to source from
CUSTOMER
Integration Team
 Oversee installation of fuel cell systems
 Confirm system connections and
communications with vehicle
 Prepare and oversee system for intial
start-up
 Gather data and provide
. network of suppliers to source from
Application Engineering Team
 A directory of Qualified Ecosystem
Partners for an integrated solution
 Suppliers that are quality-tested to install
seamlessly with our hydrogen fuel cell
solutions
 An ecosystem carefully chosen by Loop
Energy to create a circle of trusted
network of suppliers to source from
Aftermarket Support Team
 Suppliers that are quality-tested to install
seamlessly with our hydrogen fuel cell
solutions
 An ecosystem carefully chosen by Loop
Energy to create a circle of trusted
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 S300 Product Line
15kW–30kW Nominal Power Range

Net Cruise Mode

Operating Efficiency: 58%
Weight: 93 kg
Dimensions: 719mm L
457mm W
450mm H

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 T505/T600 Product Line
25kW–60kW Nominal Power Range

Net Cruise Mode

Operating Efficiency: 54-56%
Weight: 135-146 kg
Dimensions: 939-790mm L
511-655mm W
545mm H

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 S1000 / T2500 Product Line
100kW–250kW+ Nominal Power Range

Coming
Soon

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 LOOP MODULE A Holistic System
Balance of System
• Fuel Cell Stack LOOP SYSTEM
• Air Compressor
• Charge Air Cooler
MODULE Plus:
• Humidifier
• Coolant Pump & Radiator
• FC Controller Unit 3rd PARTY
(fully controlled by the
• 12-24 VDC Converter FC Module)
• DC/DC Converter (controlled •
• Loop Energy Support Team Hydrogen Tanks
by the FC module as option)
• Remote Inspection Access
• Inlet Air Filter

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 Reference Customer Examples:
Heavy-duty / Port Drayage

Vehicle Category: Class 8

Model Number: 579EV
Application: Port Drayage

Overview
 Electric motor: 320 kW
 Fuel cell configuration: 100 kW range extender
 On-board hydrogen capacity: 32 kg
 Target all-season range: 290 km

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Reference Customer Examples:
Heavy-duty / Materials Handling

Vehicle Category: from 2T to 1000T yard truck

Model Number: M2273
Application: Materials Handling

Overview
 Electric motor, custom application: max 90 kW
 Fuel cell configuration: 30 kW range extender
 On-board hydrogen capacity: custom: 8-12 kg
 Target all-season range: 8-12 hours

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 Reference Customer Examples:
Transit Buses
Geographic Market: EU
Vehicle Category: 8m Bus
Model Number: MODULO8M
Application: Public Transport

Overview
 Motor Power (Rated): 160 kW
 Battery Storage: 56-70 kWh
 Hydrogen: 10-14.6kg
 FC Power: 30 kW Peak, 15 kW Cruise Mode
 Cooling System: Integrated with cabin heating
 Spec. Cruise Mode Fuel Efficiency: 0.78 kg/hr

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Reference Customer Examples:
Transit Buses
Geographic Market: Russian Federation
Vehicle Category: 12.5m Bus
Model Number: ELECTROBUS
Application: Public Transport

Overview
 Motor Power (Peak): 2 x 125 kW
 Battery Storage: 40 kWh (NMC)
 Hydrogen: 5 x 140L
 FC Power: 50 kW Peak, 25 kW Cruise Mode
 Cooling System: Integrated with cabin heating
 Spec. Cruise Mode Fuel Efficiency: 1.39 kg/hr

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 Reference Customer Examples:
Transit Buses

Geographic Market: South Korea

Vehicle Category: 11m Bus
Model Number: CONFIDENTIAL
Application: Public Transport

Overview
 Motor Power (Peak): 2 x 125 kW
 Battery Storage: 97-204 kWh
 Hydrogen: 6 x 140L
 FC Power: 60 kW Peak, 25 kW Cruise Mode
 Cooling System: Integrated with cabin heating
 Spec. Cruise Mode Fuel Efficiency: 1.39 kg/hr

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Reference Customer Examples:
Transit Buses
Geographic Market: China
Vehicle Category: 10.5m Bus
Model Number: NJL6106FCEV
Application: Public Transport

Overview
 Motor Power: 135 kW
 Battery Storage: 116 kWh
 Hydrogen: 6 x 140L
 FC Power: 50 kW Peak, 25 kW Cruise Mode
 Cooling System: Integrated with cabin heating
 Spec. Cruise Mode Fuel Efficiency: 1.39 kg/hr

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 Reference Customer Examples:
Stationary & Mobile Gensets
Geographic Market: USA & Canada
Product Category: Mobile & Stationary Genset
Model Number: H2Fast-Charge
Application: EV Charging

Overview
 Rated Power: 185 kW
 Battery System: 130 kWh
 Hydrogen: Modular, exchangeable tank packs
 FC Power: 50 kW Peak per module x 2
 Cooling System: Included
 Spec. Cruise Mode Fuel Efficiency: 1.39 kg/hr @ 50 kW

* multiple units combined depending on exact system configuration

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 Customer Adoption Cycle
STAGE 1 STAGE 10 STAGE 100
Design & Initial Fleet Deployment Full Launch Phase
Certification Phase Phase

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