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.

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