Energy Department Awards More than $5 Million to Reduce Cost of Advanced Fuel Cells
Posted by Putri Abdullah - On March 30, 2012 (EST)
The Energy Department on March 27 announced the investment of more than $5 million in two projects—led by 3M Company in St. Paul, Minnesota, and Eaton Corporation in Southfield, Michigan—that will lower the cost of advanced fuel cell systems by developing and engineering cost-effective, durable, and highly efficient fuel cell components. In support of President Obama's all-of-the-above energy strategy to reduce America's reliance on foreign oil, the 3-year projects were awarded under DOE Funding Opportunity Announcement DE-FOA-0000360 and will focus on meeting specific cost targets and boosting the performance of fuel cell systems for vehicles and stationary applications, such as stand-by power systems. These investments are a part of the Department's commitment to U.S. leadership in innovative fuel cell technologies that give American families and businesses more options that reduce petroleum use. "Advancing hydrogen and fuel cell technology is an important part of the Energy Department's efforts to support the President's all-of-the-above energy strategy, helping to diversify America's energy sector and reduce our dependence on foreign oil," said Energy Secretary Steven Chu. "These investments will help fuel technology breakthroughs, drive down costs, and bring innovative, job-creating clean energy technologies to market faster."
Modified On : March 30, 2012
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