Fuel cell firm Intelligent Energy raises USD11m

Mon Apr 18 2011, 12:41 PM

Intelligent Energy has raised GBP7m (USD11.4m) in equity funding from undisclosed new and existing investors. The UK-based firm develops fuel cells for use in vehicles, power generation and portable electronics, and plans to use the funding to accelerate commercialisation. Intelligent Energy is also developing hydrogen generation technologies.

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