Hydrogen & Fuel Cells
- Category: Hydrogen & Fuel Cells
11 Sep 2009
- Published on Friday, 11 September 2009 12:59
- Hits (1443)
Companies interested on the cash awards may submit their bids to the UK Technology Strategy Board which manages
the program. STOCKXPERT
Up to 7.2 million British pounds (US $12 million) will be awarded by the UK government through a competition on the development of hydrogen and fuel cell technologies, the Department of Energy and Climate Change (DECC) announced yesterday.
Interested companies may submit their bids to the Technology Strategy Board which manages the program.
Funding for the competition will be provided by the DECC. The competition is part of the government’s promotion of low-carbon technologies which is part of this year’s budget.
Hydrogen and fuel cells emit only water and heat as by-products, and are therefore significantly helpful in reducing carbon emissions. Energy conversion in fuel cells is also more efficient compared with other technologies, particularly those that use internal combustion engines.
- Jen Balboa