September saw a furore of activity and innovation on the hydrogen front. With the latest news from Cella Energy Limited, October looks set to continue the trend.
Space Florida has awarded Cella Energy with $1m investment as part of an equity scheme to support the development of four proof-of-concept projects that are focused on creating safe, low cost hydrogen storage solutions.
According to Cella, the new technology will be highly beneficial and could lead to reduced priced fuel at pumps, as well as improved energy security in the European Union, NATO and the United States.
Stephen Voller, CEO of Cella Energy Limited, described the investment as, $quot;testament to the confidence investors have in our technology.$quot; He added, $quot;As the world population grows, so will our demand for energy. Hydrogen provides a way of helping to meet this demand for more energy but without increasing harmful emissions.$quot;
Cella's investigations will be carried out across two locations; the Science and Technology Facilities Council's Rutherford Appleton Laboratory near Oxford, in the United Kingdom; and at NASA's Kennedy Space Center in Florida, USA. The investment marks a milestone in progress towards realistic hydrogen storage solutions.
Professor Stephen Benningon, Chief Scientific Officer for Cella remarked, $quot;This is a great example of international cooperation to overcome some of the most serious challenges that face mankind today.$quot;
In addition to welcome investment, Cella is set to benefit from several new appointments. Charles Resnick, venture capitalist and general manager joins the Board. Meanwhile, Janet Petro, Kennedy Space Centre Assistant Centre Director also joins the Board as an executive observer.