ACAL Energy Receives £1M Investment from I2BF

ACAL Energy, a Runcorn, Halton, UK-based developer of fuel cell engines, has received a £1m investment from I2BF.

It adds to a £3.5m funding round led by Carbon Trust Investments, with participation from Solvay SA, Porton Capital and a Japanese automotive corporation, which was raised in 2010.

Commenting on the investment, David Waserstein, Partner and Director of Investments at I2BF, said: “ACAL’s technology can play a significant role in the adoption of fuel cells as a clean and efficient way of generating electricity which is particularly interesting to global major automakers that who are developing electric vehicle fuel cells electric vehicles for commercial launch in 2015”.

Led by CEO Dr SB Cha and powered by its proprietary platinum free cathode technology (FlowCath®), ACAL Energy develops low cost Proton Exchange Membrane (PEM) fuel cells systems, modules and consumable chemicals for a range of uses including stationary, residential and automotive applications requiring larger than 1 kW of power.



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