Westport Fuel Systems Inc. announced its financial results for the fourth quarter and year ended December 31, 2024, showcasing a revenue of $302.3 million for the year. The company highlighted its strategic focus on clean transportation technologies, operational efficiencies, and commitment to delivering cost-effective solutions for decarbonization in the transportation sector. A key milestone in 2024 was the launch of Cespira, a joint venture with Volvo Group, aimed at commercializing HPDI™ technology with hydrogen and renewable natural gas. This partnership emphasizes the industry's recognition of HPDI as a leading solution for sustainable heavy transport. Westport outlined its plans to streamline operations, divesting the Light-Duty business to concentrate on providing affordable solutions for long-haul and heavy-duty trucking using HPDI technology and alternative fuel solutions. The company also emphasized its commitment to scaling alternative fuel-based solutions, including advancements in CNG, RNG, and hydrogen systems. Despite acknowledging hydrogen's importance for the future, Westport is currently focusing on delivering practical, commercially viable low-carbon solutions like natural gas and renewable natural gas. The company's financial results for 2024 showed improvements in gross margin, net loss reduction, and operational efficiencies, reflecting a positive outlook on their sustainable growth strategy.