Intelligent Energy, a Loughborough University spinout that makes hydrogen fuel cells, has completed a potential $22m deal with France-based Société Bic, a company known for its Bic pens.
Through the $22m, Intelligent Energy has acquired the portable fuel cell and disposable fuel cartridge assets of Société Bic. Combined with the fuel cell technology created by Intelligent Energy this acquisition moves the company closer to the mass-market application of fuel cell technology.
Henri Winand, chief executive of Intelligent Energy, said: “This…
