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;
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