Millennium Cell Inc. (NASDAQ:MCEL), a leading developer of hydrogen battery technology, announced that its proposal to develop a process that will enable volume manufacturing of fuel cartridges based on its proprietary technology has been selected by the National Center for Manufacturing Sciences (“NCMS”) for contract award under a cross-industry collaborative partnership between NCMS and the U.S. Department of Energy. This program targets the development of manufacturing technologies for affordable hydrogen-powered energy systems including fuel cell components and hydrogen storage systems. Millennium Cell will lead a team which includes The Dow Chemical Company, EWI and NextEnergy, to develop critical manufacturing technology that will reduce the overall process and product costs of hydrogen storage technology for near-term implementation in portable power applications. NCMS funding towards the 15 month effort should begin in the third quarter.
Adam P. Briggs, President of Millennium Cell, commented, “We look forward to working with an outstanding team to develop low cost manufacturing technology as we transition our hydrogen battery fuel cartridges from prototypes to commercially viable products.”
The NCMS award will accelerate Millennium Cell’s joint development program with Dow to collaborate on the development and commercialization of portable fuel cell systems.
Millennium Cell develops hydrogen battery technology through a patented chemical process that safely stores and delivers hydrogen energy to power portable devices. The borohydride-based technology can be scaled to fit any application requiring high energy density for a long run time in a compact space.
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