CLEVELAND--
HydroGen Corporation (HYDG), today 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.
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.
"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 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.
About HydroGen Corporation and HydroGen,
LLC
HydroGen Corporation, through its
wholly-owned subsidiary, HydroGen, LLC, is a developer of multi-megawatt
fuel cell systems utilizing its proprietary 400-kilowatt phosphoric acid
fuel cell technology. Utilizing fuel cell technology originally developed
by Westinghouse Corporation, the company targets market applications where
hydrogen is currently available and other drivers favoring the adoption
of fuel cells are present.
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