Topsoe Fuel Cell, a division of the renowned Danish catalyst and technology company Haldor Topsoe, continues to expand its development and sales activities, reports national daily newspaper Berlingske Tidende. The company has just published its annual accounts for 2008, which show a deficit of DKK 49m (USD 8.6m), corresponding to the budget forecast.
The deficit reflects the fact that Topsoe Fuel Cell significantly increased its efforts in the development of new types of fuel cell in 2008. The company took on 41 new staff during the year, increasing the total workforce to 105.
Claus Olsen, managing director of Topsoe Fuel Cells, says that the 2008 result meets expectations. The company has intensified development activities and has commenced production of fuel cell stacks.
"We have further focus on consolidation and optimisation of the knowledge we have today of our products, which will enable us to more rapidly introduce a number of attractive demonstration products, so that we can get faster onto the market," he said.
Topsoe Fuel Cell develops, manufactures and markets solid oxide fuel cell technology (SOFC). SOFC is a potential breakthrough technology for low cost, clean and highly efficient production of electricity and heat.
Link > Topsoe Fuel Cell