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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 →

Volvo Agrees to Buy Nissan Diesel for $1.1 Billion Dane Muldoon

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

Volvo Agrees to Buy Nissan Diesel for $1.1 Billion 2 years ago on Autoblog Green

The world's second-largest truck company, Volvo AB, has agreed to buy Nissan Diesel Motor Co. for $1.1 billion in a bid to gain a greater foothold in the booming Asian market. Asia has been a weak spot for Volvo thus far, comprising just seven percent of its sales in 2006. By buying Japan's fourth ...

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Guide to Common Green Acronymns

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

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