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Plug Power to Acquire Cellex Power Products

16 March 2007

Plug Power Inc., a provider of stationary fuel-cell power systems, will acquire Cellex Power Products Inc., a provider of fuel-cell power solutions for industrial vehicles, in a US$45 million cash transaction.

Since its inception in 1998, Cellex Power has been developing Proton Exchange Membrane (PEM) fuel cell power units for electric lift trucks and is targeting the estimated US$1.5 billion industrial motive battery market.

Cellex Power has focused its initial product initiatives on class 3 electric lift trucks, often referred to as “pallet trucks,” that are the predominant equipment used to transport goods within large distribution centers. The company’s product strategy is to develop a full product portfolio addressing all three classes of electric lift trucks, enabling complete conversion of distribution centers and maximizing customer benefit.

In November 2006, Cellex successfully completed beta testing of its zero-emission, hydrogen fuel cell power units in pallet trucks at two Ohio-based Wal-Mart distribution centers. (Earlier post.)

The Cellex trucks in the Wal-Mart trials were based on the Ballard Mark 9 4.8 kW fuel-cell stack. Ballard was associated with the Wal-Mart trials. Ballard originally developed the Mark 9 fuel cell for automotive applications, but it can be configured for motive or stationary power applications. Stacks are available in power increments from 4 kilowatts to 21 kilowatts.

March 16, 2007 in Fuel Cells | Permalink | Comments (2) | TrackBack (0)

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2cents:

Corporate consolidation.

Tech Boom->Real Estate Boom->Alternative/Renewable Energy Boom.

There are developments in DME in China today and Since DME has an advantage of decomposition at lower temperature than methane and LPG, R&D for hydrogen source for fuel cell has been carried out.

If you would like to know more on the latest DME developments, join us at upcoming North Asia DME / Methanol conference in Beijing, 27-28 June 2007, St Regis Hotel. The conference covers key areas which include:


DME productivity can be much higher especially if
country energy policies makes an effort comparable to
that invested in increasing supply.
By:
National Development Reform Commission NDRC
Ministry of Energy for Mongolia

Production of DME/ Methanol through biomass
gasification could potentially be commercialized
By:
Shandong University completed Pilot plant in Jinan and
will be sharing their experience.

Advances in conversion technologies are readily
available and offer exciting potential of DME as a
chemical feedstock
By: Kogas, Lurgi and Haldor Topsoe

Available project finance supports the investments
that DME/ Methanol can play a large energy supply role
By: International Finance Corporation

For more information: www.iceorganiser.com

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