By powering a lighting system with the latest version of its zinc/air fuel cell, the company achieved a significant investor milestone. Accomplishing this goal paves the way for their development of the first practical, portable fuel cell-based power source that can be employed in a wide variety of applications-from transportation to industrial to home and recreational use.
PHILADELPHIA–PECO Energy Co. has signed a definitive agreement to purchase 49.9 percent of Sithe Energies’ North American businesses for $682 million, with an option to purchase 100 percent of the company within two to five years, at a price based on prevailing market conditions.
