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Solvay Takes 13% Stake in Fuel Cell Company
10:38 AM MST | December 3, 2008 | Alex Scott
Solvay disclosed today that it has taken a 13%-stake in the ownership of fuel cell developer ACAL Energy (Runcorn, U.K.) for EUR1.49 million ($1.9 million). ACAL says it will use the funds from the Solvay investment to accelerate the development of its FlowCath fuel cell technology. ACAL claims its technology reduces the manufacturing cost and improves the reliability of fuel cells. FlowCath technology replaces quantities of expensive precious metal catalyst found in the cathode of conventional fuel cells with a proprietary low cost liquid catalyst. “This...
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