U.K. Companies Get $3 Million in Quest for Cheaper Hydrogen Car
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ITM Power Plc, a hydrogen energy system maker, and low-cost fuel-cell developer ACAL Energy Ltd. will get 1.95 million pounds ($3 million) from the U.K.’s Carbon Trust to build cheaper hydrogen-powered vehicle engines.
The funding brings the Carbon Trust’s total investment in the two companies to 3.6 million pounds, a statement from the London-based not-for-dividend green investor shows.