Published by Todd Bush on December 14, 2022
MOUNT PLEASANT, Pa., Dec. 7, 2022 /PRNewswire/ -- WATT Fuel Cell is excited to announce an investment from Generac Power Systems, a market leader in residential energy technology. The new investment closes 2022 with growing momentum toward commercial launch of fuel cell-driven power for homeowners. As a part of the transaction, a member from the Generac executive team will join the WATT board of directors.
"This partnership with Generac is a major step forward for WATT as we begin addressing the world's need for clean, reliable and cost-efficient energy sources in an increasingly disruptive marketplace," said Caine Finnerty, WATT's president, chief operating officer and founder. "Generac is the market leader in residential backup power, with a proven and growing brand built on the promise of dependable power for homes in the US and beyond. Partnering with and investing in companies with market leading energy-based technologies like WATT will maintain and extend that lead," he added.
"Generac is excited to join WATT's existing investor base and looks forward to collaborating with the WATT team towards the integration of this innovative technology into the Generac Home Energy Ecosystem," said Patrick Forsythe, chief technical officer at Generac. "We assessed the global fuel cell industry and were impressed by the technological advancements the WATT team has made."
The new investment caps a year of significant developments for WATT's business, including:
WATT's Imperium fuel cells make power using an electrochemical process that generates electricity from hydrogen molecules and other electrochemically oxidizable species derived from one of several readily available fuel options such as propane, natural gas, blended natural gas and hydrogen, or hydrogen.
WATT's fuel cell technology is solid-state simple: fuel goes in, clean, reliable power flows out.
"This investment by Generac further propels the viability of WATT's fuel cell power generation technology and gives us an exponential boost as we approach our launch into the residential market," said Rich Romer, CEO of WATT. "In today's world of rising energy costs, growing disruptions and threats to the reliability of the power grid, and the need to for lower-carbon energy, WATT will help lead the continued drive for technology and innovation to address those issues."
WATT Fuel Cell Corp. (www.wattfuelcell.com) is a manufacturer and developer of Solid Oxide Fuel Cell ("SOFC") stacks and systems that operate on common, readily available fuels such as propane and natural gas. WATT's proprietary, patented additive manufacturing process (AMP) has allowed them to produce commercially viable SOFC products for small scale and remote power applications. WATT's Hybrid Power Management system works in tandem with renewable power sources (Solar & Wind) and energy storage to provide quiet, efficient, affordable, and environmentally responsible energy solutions prioritizing a return on investment for customers across the globe.
Generac Power Systems, Inc. (NYSE: GNRC) is a leading energy technology company that provides advanced power grid software solutions, backup and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms and engine- and battery-powered tools and equipment. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator - a market in which nearly eight of ten generators sold is a Generac. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid.
SOURCE WATT Fuel Cell
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Ocean Visions Releases Comprehensive Marine Carbon Dioxide Removal Ecosystem Database
WASHINGTON, DC, UNITED STATES, April 2, 2025 /EINPresswire.com/ — Ocean Visions has released a comprehensive database that provides an in-depth repository of the diverse entities in the marine carb...
Deal with Microsoft enables science research at Terradot project site in Brazil SAN FRANCISCO – Terradot, a leader in Enhanced Rock Weathering (ERW) technology, today announced an agreement with M...
Hyaxiom, Inc., Announces Nation's First Multi-megawatt, Multi-story Installation Fuel Cell Project
Charter Oak Combined Heat and Power (CHP) Project in Bridgeport aims to deliver low-emission power, high CHP efficiency, and local energy benefits EAST HARTFORD, Conn., April 2, 2025 /PRNewswire/ ...
SLINGERLANDS, N.Y., April 03, 2025 (GLOBE NEWSWIRE) -- STEF Group, European leader in transport and logistics services for temperature-controlled food products, has recently launched two hydrogen p...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.