DCH ships integrated fuel cell/processor to major gas utility
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 688 KB
- Volume
- 2002
- Category
- Article
- ISSN
- 1464-2859
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✦ Synopsis
increase the demand and hence further increase the price of platinum,' commented Robert K. Lifton, Medis' chairman/CEO. 'We expect that eliminating the use of platinum as a component of the catalyst for the cathode would reduce the cost of making our fuel cell when it comes to market by an estimated 20%.'
More Energy is also focusing on elimination of platinum from the anode catalyst. The aim is to reduce the fuel cell's cost to make it very attractive both in price and performance compared with rechargeable batteries presently used in portable electronic devices.
Medis has also completed its recent rights offering, of 3.5 million shares at US$2.00 per share. The net proceeds will be used for working capital, including the continued development of the DLE/M fuel cell technology.