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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 →

DOE allots $100M in fuel cell funding through 2010 Derrick Y. Noh

Consolidation in the fuel-cell industry - Plug Power buys Cellex 2 years ago on Autoblog Green

DOE allots $100M in fuel cell funding through 2010 3 years ago on Autoblog Green

On Tuesday, while speaking to the Council on Competitiveness and the Chicagoland Chamber of Commerce Foundation, Energy Department Secretary Samuel Bodman announced that $100 million has been awarded to 25 fuel cell research and development projects. Bodman said, "We expect hydrogen to play an ...

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CAFE – Corporate Average Fuel Economy. A system used in the U.S. to define mileage requirements of new vehicles.

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