Westport Fuel Systems Inc.
(NASDAQ:WPRT), an alternative-fuel technology company, saw its shares trade higher Thursday after the company said Cespira, its joint venture with Volvo Group (OTC:VLVLY), signed a development agreement to advance hydrogen-powered heavy-duty engines.
Hydrogen Engine Development Agreement The agreement covers the final development and commercialization of Cespira's HPDI fuel system for Volvo's 13-liter engine platform.
The technology is designed to let the engine run on hydrogen while delivering diesel-equivalent performance.
Volvo trucks using the system are already in on-road testing, with a European-certified commercial launch targeted before 2030.
