The additional DOE funding for MTI Micro will broaden the cost-shared program fund that supports the manufacturing process for Mobion fuel cell systems, and reducing the overall cost of its micro direct methanol fuel cell (DMFC) technology.
‘This grant will bring us to the next phase of our development – field testing – which is a precursor start to our Mobion production process, helping to bring a more efficient and environmentally friendly power source to the global market,’ says Peng Lim, President and CEO of MTI Micro, a subsidiary of Mechanical Technology Inc.
The $1.2 million grant from DOE supplements the cost-shared program awarded to MTI Micro in April 2009, bringing the aggregated amount awarded to the company through the American Recovery and Reinvestment Act to about $6 million. The grant is being used to support the acceleration of fuel cell utilization to power portable electronic devices in the consumer electronics market.