In October the Swedish government’s venture capital company for the automotive sector, Fouriertransform, committed to its first investment, worth SEK60M, to Powercell Sweden AB, to support its work developing fuel cells and fuel “reformers.”
Fuel cells have been seen as a kind of “Holy Grail” for the automotive sector and research has been going on for many years. Not only is hydrogen the most abundant element, but the by-product of fuel cells is simply water....
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This complete item is approximately 1200 words in length, and appeared in the December 2009 issue of WorldCargo News, on page 25.
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