Nanodynamics Plans to Raise $100 M

[The Buffalo News: Business Today] Buffalo technology company Nanodynamics Inc. plans to raise nearly $100 million in an initial stock offering, to feed development of electricity-producing fuel cells and other new technologies. … Solid-oxide fuel cells (SOFC), the kind developed by Nanodynamics, convert hydrocarbon fuels like methane or propane into electricity and heat, by way of a chemical process. … Nanodynamics focused its engineering efforts on correcting drawbacks common to fuel cells. As a result, its technology has a 10 minute start-up time, compared to an hour or more for competing devices, the company says.
Previous articleScientists Look High in the Sky for Power
Next articleIowa Opens New Biodiesel Production Facility

No posts to display