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13 Mar 2010 Register / Login F F F
24 Feb 2009

ACAL Energy secures Sumitomo investment

ACAL Energy Ltd. has announced an investment from Sumitomo Corporation, a leading Japanese trading company with substantial business activities in energy, mineral and merchandise trading, through its investment arm SC Green Tech Ventures LLC.   The investment is in addition to the previously announced £3.3M fundraising round completed at the beginning of December, led by Carbon Trust Investments and Solvay SA.  The company says that all funds raised will be used to take the company to the next stage of development of their low cost fuel cell systems.

Source: Fuel Cell Today

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