Clean technology group I2BF invests in ACAL Energy

Fuel-cell systems developer ACAL Energy has announced a £1m investment from international clean technology asset management group I2BF.

This investment represents only the second UK-based investment for the US-based group.

I2BF’s investment will be used to strengthen research and development activity in ACAL Energy’s Proton Exchange Membrane Fuel Cells (PEMFCs), as well as to help deliver increased performance and cost improvements ahead of commercial launch.

The Carbon Trust and Belgian chemical company Solvay are also investors in the company.