H Power goes to Japan

H Power Corporation has linked up Mitsui & Co to form H Power Japan, a new company which will be headquartered in Tokyo.

H Power Corporation has formed H Power Japan in partnership with Mitsui & Co. Both parties will have a 50% ownership in the newly created company, which will be a Japanese corporation headquartered in Tokyo.

H Power Japan’s initial activity will be to conduct a nine-month feasibility study relating to the sale and distribution of H Power’s fuel cell products in Japan and potentially to other countries.

The feasibility study will include evaluating marketing strategies and business plans, developing an operating plan, and building a maintenance and monitoring network.

All of the gathered market research data will provide the basis for sales, distribution and servicing of H Power’s products and other related activities in Japan.

The formation of H Power Japan follows a distribution agreement between Mitsui & Co. and H Power that has resulted in the shipment of several of H Power’s Beta Residential Cogeneration Units (RCU) and portable mobile products to Japanese customers.

Concurrent with forming H Power Japan, Mitsui also disclosed that it had made an equity investment in H Power, purchasing an undisclosed number of shares in the open market.

Last week, H Power formed a joint development agreement with DuPont Fluoroproducts aimed at developing direct methanol fuel cells (DMFC) for portable and mobile applications.

Under that agreement, the two will work together to develop direct methanol fuel cell products in the range of 100 to 1000 watts, initially targeted to mobile applications, such as scooters, bicycles and golf carts.

The technology could also be applied to consumer products such as power tools and other battery replacement applications.

DuPont Fluoroproducts will provide H Power with advanced DMFC materials based on its DuPont Nafion membrane technology and will cooperate in the design of stacks and components. As part of the agreement, H Power has delivered a proof-of-concept product to a potential customer and intends to deliver an integrated system in the near term.