Intelligent Energy to expand UK Fuel Cell Operations
Pictured above: Dr Henri Winand, Intelligent Energy Chief Executive is presented with £800,000 by Bryan Jackson, Chairman of emda
Moves UK operations to larger premises with grant from the East Midlands Development Agency
Loughborough–Intelligent Energy, the clean power systems company, today announced it has received an £800,000 Grant for Business Investment (GBI) from East Midlands Development Agency (emda), assisting the company in moving from its current premises at the Innovation Centre on Loughborough University campus, to larger premises at Holywell Park, near its current location.
The grant from emda will help Intelligent Energy equip the new facilities with engineering test rigs, measurement equipment and IT systems. Intelligent Energy Chief Executive, Dr. Henri Winand said of the grant, “Intelligent Energy has reached a very exciting stage in its growth. The move to Holywell Park will allow us to better serve our Blue Chip business customers and partners and up the tempo of our commercial activities significantly as a result.”
2009 has been a year of tremendous progress for Intelligent Energy, with the company continuing to work at the forefront of clean power system commercialisation. The past year has seen Intelligent Energy demonstrate continued success working in partnership with leading companies such as Suzuki Motor Corporation and Scottish & Southern Energy, whilst attracting new customers, such as Airbus.
Amidst the difficult economic circumstances faced by many in 2009, Intelligent Energy raised £18.4 million in a private ‘up round’ of growth capital fundraising in July. The company also announced the appointment of a new Executive Vice President for Emerging Markets as part of its expansion plans.
“We have been very pleased with the growth, commercial progress and technological achievements made by Intelligent Energy in 2009. This grant from emda is a great endorsement of the company from our own regional development agency,” explained Dr. Winand. “Intelligent Energy is an international business actively working with some of the world’s leading companies to bring its clean power systems to market. The business started up as a spin-out from Loughborough University and with the help of emda, we are delighted to strengthen our bond with Leicestershire.”
Bryan Jackson, Chairman of emda said: “I am delighted that Intelligent Energy is expanding its operations in the East Midlands. It is an international business working at the leading edge of clean technologies in fast growing energy sectors which we are keen to support. I am pleased that through the GBI we have been able to facilitate the move to Holywell Park to provide them with the space and facilities that they need to develop and grow, creating new jobs in the region and further enhancing the reputation of the East Midlands as a leader in energy technologies.”
