fuel cell developer looking for buyers
A fuel cell technology developer is planning to boost its commercial operations and is looking for car manufacturers to purchase its products.
Intelligent Energy's business model involves entering partnerships with manufacturers through which it licenses and installs fuel cell designs in the vehicles, Business Green reports.
In an interview with the news provider, the company's chief executive explained that although the firm's R&D activities would continue, it is "largely completed".
"Obviously, as a technology company R&D will continue, but our focus now is to build our model of working behind the factory gates for OEM partners such as Suzuki, Scottish and Southern Energy and Boeing," revealed Henri Winand.
He added that fuel cell technology could even be used for two-wheel vehicles like motorbikes and noted that it would not be long for them to enter the market.
"We will have fuel-cell powered bikes on the road by the end of the year and we are going to target fleet customers first," Mr Winand said.
Intelligent Energy is based in Loughborough.
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