Solvay invests further in fuel cell technology

21 May 2010 11:58  [Source: ICIS news]

LONDON (ICIS news)--Solvay has upped its investment in fuel cell technology by increasing its stake in UK developer ACAL Energy for £1.5m ($2.2m, €1.7m), the Belgium-based chemical group said on Friday.

Fuel cells harness hydrogen to provide highly efficient and clean energy, and have been tipped to become a valuable power source in the mid-to-long term, Solvay said.

Plans were currently underway to install the world's first demonstration fuel cell system using ACAL Energy’s FlowCath platinum-free cathode technology at Solvay Interox's industrial site at Warrington, UK.

"Solvay expects fuel cells to quickly become one of the new important energy conversion technologies,” said Leopold Demiddeleer, executive vice president of future businesses at Solvay.

The £1.9m project was due to become operational in the second half of 2010. Solvay said it would include three demonstration fuel cell stacks with an electric power of 5kW per unit. One of these would use membrane electrode assemblies containing Solvay’s special polymers, which are manufactured by German-based SolviCore, a 50-50 joint venture of Solvay and Umicore.

($1 = €0.80, €1 = £0.87)

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By: Andy Brice
+44 20 8652 3214



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