Westport Signs Development Agreement with Volvo
Under the long term relationship, Westport and Volvo will mutually agree on the priority for commercial launch of gaseous fuel engines and will share the risks of development. Westport will arrange for or supply gas-related components. Westport expects to generate revenue on each new natural gas/biogas engine sold.
According to Westport, the current natural gas engine development program will result in an engine that will meet future emission requirements and be commercialized according to a mutually agreed timeline.
Westport will also be working directly with the Volvo AB brands to help identify market development opportunities and assist in the infrastructure build-out of biogas and natural gas where needed.
David Demers, CEO of Westport Innovations, said: “Our development and commercialization program with Volvo continues to develop, both in scale and scope. Natural gas and biogas are quickly becoming the alternative fuel of choice for commercial vehicles and we expect this will lead to a new generation of clean, low-emission engines from Volvo.”
How far the agreement benefit Volvo?
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