Energy Conversion Devices, Inc., (ECD Ovonics) (Nasdaq: ENER), announced that Ovonic Fuel Cell Company LLC, its wholly owned subsidiary, has been awarded a $400,000 grant by Michigan Public Service Commission.
The grant will support a nine-month program to develop a prototype fuel cell system for uninterruptible power supply (UPS) and emergency power applications.
In a fundamentally new approach, the Ovonic Metal Hydride Fuel Cell technology can store electrical energy in the fuel cell stack. This intrinsic energy storage provides for several key performance features ideal for UPS/emergency power applications, including instant-start capability on the order of microseconds and excellent low- temperature performance. The technology provides a low-cost approach based on Ovonic metal hydride materials and does not use expensive noble metals traditionally used as fuel cell catalysts.
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