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Home News MTI Micro Receives $1.2M Grant from Department of Energy

MTI Micro Receives $1.2M Grant from Department of Energy

Alternative Energy

Additional funding to facilitate field testing of micro fuel cell systems

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TES Staff May 14, 2010

ALBANY, NY - MTI MicroFuel Cells Inc., a subsidiary of Mechanical Technology, Incorporated announced that it has received a $1.2M grant from the U.S. Department of Energy (DOE), broadening the cost-shared program fund that supports the manufacturing process for Mobion® fuel cell systems and reducing the overall cost of micro fuel cell systems.

“We are extremely grateful for the confidence and continued support that the U.S. Department of Energy has taken to maintain micro fuel cell technology leadership in the U.S.,” said Peng Lim, President and CEO of MTI Micro. “This grant will bring us to the next phase of our development – field testing – which is a precursor start to our Mobion® production process, helping to bring a more efficient and environmentally friendly power source to the global market.”

This $1.2M grant supplements the cost-shared program awarded to MTI Micro in April 2009, bringing the aggregated amount to about $6 million through the American Recovery and Reinvestment Act. The grant is being used to support the acceleration of fuel cell use to power portable electronic devices in the consumer electronic device market.

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