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ACAL Energy receives further investment

ACAL Energy Ltd has received investment from Japanese trading company Sumitomo Corporation, which together with a previous £3.3 million fundraising round will help fund the next stage of development of ACAL’s low cost fuel cell systems, based on platinum-free cathode technology.

The FlowCath® replaces the expensive precious metal catalyst found in conventional fuel cells with a low cost liquid catalyst. This not only reduces the cost of the fuel cell, but also provides significant durability and reliability benefits through system simplification, and the elimination of the most common failure mechanisms found in standard fuel cells, according to ACAL.

The company plans to introduce a 1 kW demonstration system in 2009.

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Energy storage including Fuel cells