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Acta and FutureE sign five-year supply agreement for Jupiter electrolysersDec 04, 2012 (Datamonitor via COMTEX) -- Acta S.p.A., a clean energy products company, has signed a five-year non-exclusive supply agreement with FutureE Fuel Cell Solutions GmbH for Jupiter electrolysers based on Acta's low-cost EL500 series electrolysers. The hydrogen generators from Acta are to be integrated into FutureE's fuel cell and electrolyser system, Jupiter Independence, for back-up and off-grid power. Under the terms of the agreement, FutureE has appointed Acta as its preferred supplier for electrolysers in its products and solutions. The total sales value over the five year contract period is expected to be in excess of E3 million. Acta has incorporated a number of modifications to the EL500 to meet the specific requirements of FutureE's Jupiter Independence system. Integrating Acta's hydrogen generating technology into FutureE's system dramatically reduces costs therefore making commercial adoption viable for telecoms and other applications worldwide. To allow combination with off-grid renewable energy sources, the Jupiter Independence system currently employs a platinum-based electrolyser. FutureE approached Acta looking for an electrolyser with substantially reduced cost and increased performance to achieve a significant improvement in cost-effectiveness. Paolo Bert, CEO of Acta, said: "Acta is delighted with the interest from FutureE in our electrolyser products. It further demonstrates the increasing demand in the market for low cost electrolyser technology which produces clean and dry hydrogen and more importantly, illustrates that Acta has become a key player in this market." Mark-Uwe Osswald, Founder and Managing Director of FutureE commented: "Market interest in high efficient fuel cell back-up and off-grid systems with low operation and maintenance cost is significantly growing, particularly from the telecoms sector as demand for Jupiter Independence systems reflect. Being able to incorporate Acta's low cost, safe and efficient electrolyser into FutureE's system will speed up the market introduction of our combined fuel cell and electrolyser system. We look forward to working with Acta on commercializing Jupiter Independence." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |