CellTech’s fuel cells operate directly on readily available fuels such as diesel, JP-8 and coal. Our technology enables all of the benefits of fuel cells without waiting for the future “hydrogen economy”. Our systems are simpler because there is no need for a reformer or complex storage system. High efficiency translates into longer runtime and less fuel that needs to be carried.
Significant demand exists today in the military and commercial sectors for portable power devices that run on real fuels. As technology and emissions regulations evolve, there is significant market opportunity for diesel or JP-8 fueled Auxiliary Power Units to operate equipment in sleeper cabs and for military tactical power. In the long-term, our ability to efficiently and directly utilize coal, bio-mass and waste plastics position CellTech technology as a solution for the optimal use of abundantly
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 01/23/07 | Seed | 0.5M | Unknown | |
| 04/01/07 | Series A | 12M | Unknown |