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June 28, 2006
Fuel Cell Startup Pemeas Raises Internal Round
German fuel cells startup, Pemeas, has has raised € 6M in an internal round, according to FuelCellWorks. The report says that the capital will be used to support market development in the area of portable electronics, back-up power and stationary fuel cell systems.
Pemeas says it is the only commercial supplier of a membrane electrode assembly (MEA) that can be operated at temperature between 120°C and 200 °C.
The MEA is used inside polymer electrolyte membrane (PEM) fuel cells. Founded just two years ago as a spinoff of Hoechst Chemical Group, the firm has raised €26M to date.
Read -PEMEAS raises € 6 million to support continued growth in the fuel cell market (FuelCellWorks)
Posted on June 28, 2006 03:37 PM | Posted to Alternative Energy | News And Updates | Venture Capital | Permalink
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