Fuel Cells Partnership Established

July 16, 2003 [SolarAccess.com]RWE AG, Germany’s electric utility, will establish a joint venture with MTU, a DaimlerChrysler AG company and FuelCell Energy’s European technology and distribution partner to market carbonate fuel cells to a broad European market. Under the terms of the agreement, RWE Fuel Cells GmbH will hold a 25.1 percent stake in the new company. The joint venture, MTU CFC Solutions GmbH, will seek to develop market position for high temperature stationary fuel cells.


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