Fuel Cell Manufacturer Versa Power eyes manufacturing plant
A small Littleton company is making plans to build a manufacturing plant for its fuel cells, which use hydrogen to generate up to 10 kilowatts of power — more than twice as much as the average residential solar system.
“We’re about six to 12 months away from making decisions on where, how and when to build a manufacturing plant,” said Bob Stokes, CEO of Versa Power Systems Inc. Details, including the size of the plant and how it will be paid for, still are being worked out, he said.
Privately held Versa Power, which has 40 employees, was founded in 2001 as a joint venture involving the University of Utah in Salt Lake City, and three other research groups or companies. The company isn’t profitable yet, but 2008 revenue was approximately $7.5 million, and sales may clear $10 million this year, Stokes said.
Versa Power works on solid oxide fuel cells, using hydrogen at super-high operating temperatures — 1,300 to 1,800 degrees Fahrenheit — to produce electricity, heat and water.
Original Link to Story http://denver.bizjournals.com/denver/stories/2009/05/04/story9.html
