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Industry News
July 3, 2012
Rolls-Royce and LG Announce Investment to Advance Solid Oxide Fuel Cell Technology
Rolls-Royce and LG announce that LG has invested US$45 million to acquire a 51% shareholding in Rolls-Royce Fuel Cell Systems (US) Inc.
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Rolls-Royce Fuel Cell Systems (US) Inc., which is based in North Canton in the State of Ohio, U.S.A., has changed its name to LG Fuel Cell Systems Inc.
LG Fuel Cell Systems Inc. will continue to further the research, development, testing and commercialization of solid oxide fuel cell technology aimed at megawatt-scale distributed power generation for industrial, commercial, and electric utility markets and applications.
Related: IPC Gets NREL CRADA to Develop Integrated Electric Vehicle, Solar, Storage Infrastructure
LG Fuel Cell Systems Inc. will have access to Rolls-Royce technical expertise and continue to engage with the US Department of Energy’s SECA (Solid State Energy Conversion Alliance) Program.
More news and information regarding the latest developments in Smart Grid electronics can be found at Darnell’s SmartGridElectronics.Net.
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