Intelligent Energy gets $11 million for hydrogen fuel cell commercialization

PSA Intelligent Energy H2Origin – Click above for high-res image gallery

UK-based Intelligent Energy (IE) recently wrapped up its latest investment round, receiving approximately £7 million ($11 million U.S. at the current exchange rate) from both existing and new shareholders. The funds, according to Henri Winand, IE's chief executive officer, will allow the firm "to continue the commercialization of our fuel cell technology, some of which is already undergoing public road testing."

Of course, IE has commercialized, at least to some extent, its fuel cell system and Winand points that out as well, stating:
Our Fuel Cell Black Cabs have debuted on the streets of London, while the Suzuki Burgman Fuel Cell Scooter recently obtained European Whole Vehicle Type Approval-a first for any fuel cell vehicle.
Then there's the Peugeot Partner-based H2Origin zero-emissions urban delivery demonstrator van. Unveiled way back in 2008, the H2Origin features IE's hydrogen fuel cell system and boasts a range of over 180 miles.

[Source: Green Car Congress]

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