Author: Anela Dokso

ECD seeks hydrogen investment Bob Stempel, the chairman and chief executive of Energy Conversion Devices, announced on Wednesday that the company is looking to raise approximately $100 million for the long-term development of hydrogen fuel cell storage systems. The corporation has begun that funding endeavor in earnest, according to Stempel, the former chairman and CEO of General Motors Corp. The funds will be used for research into lightening the weight of storage containers. Rechargeable batteries and flexible thin-film solar panels, which are currently utilized in gasoline-electric hybrid cars, were created by Energy Conversion Devices, the company that made the batteries…

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