14 DAY TRIAL // HydroGen announced it would locate a 400 kW commercial demonstration fuel cell project in Ohio and would establish its corporate headquarters in Ohio. The fuel cell project will be funded in part by a $1.25 million grant from the Ohio Department of Development, through its Ohio Fuel Cell Initiative. The project will also initiate HydroGen's efforts to develop an accelerated manufacturing facility in the state of Ohio between 2006-2008, which is expected to create approximately 200 jobs.
"We are excited to bring our first major project to the state of Ohio," said Joshua Tosteson, President of HydroGen. "This project is a critical element of our product roll-out and sales strategy, and we are delighted to have such strong support from the state of Ohio in this crucial phase of our business plan. Our company will become an integral part of Ohio's rapidly growing home-grown fuel cell industry, and we are pleased to be partners with the state."
The project will consist of the siting, installation and operation of a 400 kW air-cooled phosphoric acid fuel cell (PAFC) module demonstration facility at an industrial location within the state of Ohio. The purpose of the project is to test and validate the performance of the 400 kW air-cooled PAFC fuel cell module, which serves as the building block of HydroGen's core product, a 2 MW Power Island.
"The Ohio Fuel Cell Initiative shows that 'Ohio Means Business' when it comes to being a leader in fuel cell development," said Lt. Governor Bruce Johnson, who also serves as director of the Ohio Department of Development. "It demonstrates our commitment to bringing innovative companies like HydroGen to Ohio." Johnson noted the Ohio Fuel Cell Initiative, started in 2003, reserves $100 million in incentives to promote the research, development and commercialization of fuel cell technology in Ohio.