ACAL Energy receives funding to boost fuel-cell development

ACAL Energy, a developer of platinum-free cathode fuel-cell technology, has secured another round of investment finance, enabling it to strengthen the research and development of its affordable fuel-cell systems.

The latest funding round of £3.25m has been raised from existing investors, including clean technology asset management group I2BF, the North West Fund for Energy and Environmental (NWF4E&E) and the PFCC2 (both managed by CT Investment Partners) and SC Green Tech Ventures (Sumitomo’s investment arm). Additional contributions were made by smaller investors and by the company’s management.

ACAL Energy’s FlowCath technology uses a proprietary liquid catalyst to eliminate most of the platinum used in conventional fuel cells.