Dantherm aims to gain fresh capital for fuel cell development  

2009.07.03
Air management company Dantherm has signed a letter of intent with two major Danish energy companies and a British venture fund which focuses on energy investments
Together with industrial partner Danfoss, Danish air management company Dantherm has announced in a press release that it has signed a letter of intent with two major Danish energy companies and a British venture fund which focuses on energy investments.
 
Dantherm writes that the intention is for Danfoss to transfer its fuel cell activities to subsidiary Dantherm Power, which specialises in the development and commercialization of hydrogen and fuel cell technologies. The other parties will inject fresh capital into the company to enable continued development of planned activities.
 
Both the consolidation of the activities and the capital injection depend on a satisfactory due diligence and the required approvals of the parties involved being obtained. Dantherm writes that these issues are expected to be settled by September this year.
 
Established in 2003, Dantherm Power introduced the first backup power units driven by fuel cells in 2005. These units are now being sold worldwide as backup solutions for IT and telecom network base stations. Dantherm Power states on its website that it expects to have a micro CHP (combined heat and power) unit based on fuel cells ready for market introduction in 2012.
 
Link > Dantherm Power         

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