Intelligent Energy completes $13.6 Mn funding
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Loughborough: Leading clean power systems company Intelligent Energy has raised $13.6 million from a recent round of private funding. The fund will be used to provide for Intelligent Energy's growth plans as it moves towards commercialization of its clean and efficient hydrogen fuel cell technology in applications across a broad range of global target markets. "This latest injection of funds is a statement of confidence in our balanced though diversified business plan, and will allow us to build progress in a range of clean power collaborations," said Henri Winand, CEO, Intelligent Energy. "Investment in viable clean and efficient technology is more urgent than ever. We will use this capital to continue to prove the potential of our technology in new sectors, while advancing more mature projects towards the market," he added. Intelligent Energy has delivered a series of landmark fuel cell power systems in recent months to validate its claims as a leading innovator of clean fuel and power technologies for the new energy economy, including the Suzuki Crosscage fuel cell motorcycle, the H2Origin, a fuel cell electric hybrid delivery vehicle developed with PSA Peugeot Citro'n, and the world's first manned fuel cell powered aircraft, in a partnership with Boeing Research & Technology Europe. In addition, Intelligent Energy and Scottish & Southern Energy recently formed a joint venture to provide hydrogen fuel cell combined heat and power (CHP) systems for domestic and business users in the UK and Ireland. Intelligent Energy has recently been selected as a lead partner on a project that aims to deliver fuel cell powered taxis for London in time for the 2012 Olympics, in a collaboration, partly funded by the UK's Technology Strategy Board.

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