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Technology Stocks : Fuel Cell Investments

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From: TheSlowLane	12/25/2012 6:59:37 AM
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Article on fuel cells... Abramovich-backed company gets EU funding to develop cheaper fuel cells Published : 17 Dec 2012 3:25 pm by Tom Moore The funding could see factories made more mobile. Fuel cell developer AFC Energy has been awarded a £1.5m grant from the European Union to fund the creation of cheaper fuel cells. The grant will finance its project to develop alkaline fuel cells that can be fed with ammonia for three years, beginning in March 2013. AFC Energy, which received a £8.6m investment from Russian billionaire Roman Abramovich in October, will coordinate the project and receive a £500,000 share of the project funding with the rest of the balance shared between the other project partners. The key to the wide deployment of AFC Energy’s systems will be its ability to be used with many different energy sources. More: themanufacturer.com

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