GIC invests $63* million in Intelligent Energy
The investment will take the form of a new issue of 15,129,468 Ordinary Shares to GIC, representing 10 per cent. of the Company’s enlarged issued ordinary share capital immediately following the placing of shares to GIC, at a subscription price of £2.50 per Ordinary Share. Commenting, Paul Heiden, Chairman of Intelligent Energy, said: “GIC’s long-term investment perspective and global presence, with particular domain knowledge of the Asian market in which the Company’s Distributed Power & Generation (DP&G) division has launched, means that the Board was pleased to recommend to shareholders this investment from a new cornerstone investor.” Dr. Henri Winand, Chief Executive Officer of Intelligent Energy, commented: “The Board of the Company believes that GIC will be a strong and supportive shareholder in the Company in the years to come, and the additional capital will increase our strategic and financing options.” Jason Triplitt, Head, European Equities, GIC Asset Management Pte Lt
High sheriff visits BOC's hydrogen refuelling station in Swindon
BOC’s Hydrogen Refuelling Station in Swindon, UK, welcomed the High Sheriff of Wiltshire, Mr William Wyldbore-Smith, who came to see the advancements made in sustainable transport. The High Sheriff commented, “It’s good to see this new exciting technology move from prototype to commercial stage of application. This hydrogen refuelling station is a clear demonstration of what is required across the country and I’m very pleased that Swindon is continuing to lead the way.
Gas Network Optimisation Contract with AMEC and National Grid | ITM Power
ITM Power announced that it has secured a commercial contract from AMEC and National Grid to assess the deployment of Power-to-Gas Energy Storage technology to reduce the energy losses in the gas network. The project will look at the cost and energy benefit of deploying Power-to-Gas technology at specific sites on the gas network to reduce energy losses and increase system efficiency. AMEC, a tier 1 supplier to National Grid will be undertaking a third party assessment of the cost benefit analysis. Dr Graham Cooley, CEO of ITM Power commented: “ITM Power is delighted to be working with National Grid and AMEC on this important deployment study which has very significant market potential in the UK and worldwide.”
Ceres Power Awarded £1 million in Funding from UK Department of Energy & Climate Change
Ceres Power, the UK-based residential fuel cell technology developer, has successfully secured £1 million in grant funding from the UK Department of Energy & Climate Change (DECC) Energy Entrepreneurs Fund (EEF). The EEF is intended to support strategic innovation in order to make the UK a world leader in new low carbon technologies and to develop businesses in the field on a global scale.
The Fuel Cell Industry Review 2013
The Fuel Cell Industry Review 2013 forecasts shipments in 2013 reaching 66,800 units worldwide, growing by 46% compared with 2012. This continued success follows on from 86% growth between 2011 and 2012. Polymer electrolyte membrane fuel cells (PEMFC) are again expected to lead 2013 unit shipments, accounting for 88% of the total, and regionally Asia to dominate with a 76% share of total units. - See more at: http://www.fuelcelltoday.com/news-events/news-archive/2013/september/fuel-cell-today-publishes-the-fuel-cell-industry-review-2013#sthash.0ujW1vob.dpuf