Skip to Content

acquire


Consolidation in the fuel-cell industry - Plug Power buys Cellex

Fuel-cell manufacturer Plug Power Inc. which produces backup power systems for the telecommunications industry is acquiring Cellex Power Products Inc. We've mentioned Cellex before as the fuel-cell manufacturer who partnered with Wal-Mart to undertake a trial of 12 hydrogen fuel-cell powered pallet lift trucks over four months. The $45 million acquisition, offset by Cellex's $8 million cash reserves, was made possible by a cash infusion into Plug Power last year by Russian group Smart Hydrogen. The Wal-Mart testing was completed successfully ... Read more →

No Content Style Defined.

Featured Galleries

  • 2010 Mercedes-Benz ML450 hybrid
  • Governor Schwarzenegger with the Zero S
  • Peugeot Concept HYbrid3 Evolution
  • Volkswagen e-up! concept
  • Dacia Logan MCV Hi-Flex
  • Citroen C-Zero
  • Italwin Ducati City Pearl
  • SEMA 2009: Toyota Prius Aerius Concept
  • Peugeot BB1 concept visits London
  • 2010 Volkswagen Passat BlueMotion
  • Mavizen TTX02 Electric Racebike
  • 1 Liter Racing League

Categories

Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum