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The grant comes from Ohio's Third Frontier Program, a 10-year plan to spur high-tech business in the state. The Lewis Center-based company is making a low-temperature fuel cell that could power portable electric devices, emergency generators and automotive uses.
Fuel cells extract energy from fuel through a chemical process, whereas traditional engines burn fuel. Fuel cells are intended to be cleaner than combustion engines.
NexTech received a $300,000 Third
Frontier grant and a $2 million federal grant in 2004. It received a $640,000
low-interest loan and a package of tax incentives from the state to help
it move into a larger facility in 2003.
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