Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Space Florida leads new investment round: Cella to open new facility at NASA-Kennedy Space Center

Abstract:
Cella Energy Limited has received a new round of financing led by a $1 million investment by Space Florida. These funds are part of a larger equity raise by international institutions and other qualified individual investors that will support the development of four proof-of-concept projects for Cella's new safe, low-cost hydrogen storage technologies. The funds will also be used to expand operations and provide employment opportunities, both in the UK and in Florida.

Space Florida leads new investment round: Cella to open new facility at NASA-Kennedy Space Center

UK and Florida | Posted on September 28th, 2011

Cella's ground breaking technology could lead to lower priced fuel at the pumps, but moreover could improve energy security in the European Union, the United States and throughout NATO.

Cella plans to develop its safe, low-cost hydrogen storage materials both at the UK Governments' prestigious Science and Technology Facilities Council's (STFC's) Rutherford Appleton Laboratory near Oxford, UK and in a new facility at the NASA Kennedy Space Center (KSC) in Florida, USA. The KSC location is expected to hire up to 10 new employees by the end of 2011.

Over 30 years NASA-KSC has become one of the largest users of hydrogen, and has built up unique expertise in this area. Cella's technology allows hydrogen to be stored without high-pressure tanks and other potential safety hazards normally involved with hydrogen gas.

Hydrogen, which produces only pure water when burned, is considered an ideal solution to cutting carbon emissions from road vehicles, which cause 25 percent of the carbon release in developed countries like the USA and UK. Until Cella's solution, hydrogen storage has not been consumer friendly.

Initial funding for Cella came from Thomas Swan & Co Ltd, a specialist UK chemical company established in 1926.


"To be announcing a second round of investment so soon after Cella Energy was formed is testament to the confidence investors have in our technology" said Stephen Voller, CEO of Cella Energy Limited.

"As the world population grows, so will our demand for energy. Hydrogen provides a way of helping to meet this demand for more energy but without increasing harmful emissions".

"This is a great example of international cooperation to overcome some of the most serious challenges that face mankind today" said Cella's Chief Scientific Officer, Professor Stephen Bennington.

Cella's Board is being strengthened with the appointment of Charles Resnick, who has more than 25 years experience in venture capital and general management. In addition, Ms. Janet Petro, KSC Assistant Center Director, will join the Cella Board as an executive observer.

"Space Florida is very excited about our investment into Cella, and we look forward to bringing this new technology to KSC," said Space Florida President Frank DiBello. "Companies like Cella are leading the way in keeping Florida a driving force in alternative energy. We will continue leveraging our financing relationships to help companies like Cella succeed."

The technology that Cella is developing arose from research done at the STFC, University College London and Oxford University.

Simon Robeson, a partner at CoreTec Ventures, advised Cella Energy on this investment round. www.coretecventures.com

####

About Cella Energy
Cella Energy Limited has unique patented technology in safe, low-cost hydrogen storage materials. Cella is a spin-out company from the Rutherford Appleton Laboratory RAL at Harwell, Oxford, UK. RAL is a UK Government facility, and if in the US would be equivalent to Argonne National Labs. The lead investor in the Company is Space Florida, Space Florida is an Independent Special District of the State of Florida, created by Chapter 331, Part II, Florida Statutes, for the purposes of fostering the growth and development of a sustainable and world-leading space industry in Florida. Cella has a facility at RAL, and also a facility at the NASA Kennedy Space Centre in Florida.

About Space Florida

Space Florida was created to strengthen Florida’s position as the global leader in aerospace research, investment, exploration and commerce. As the State of Florida’s aerospace economic development organization, we are committed to tripling the size of Florida’s aerospace-related economy by 2020. With its highly trained workforce, proven infrastructure and unparalleled record of achievement, Florida is the ideal location for aerospace businesses to thrive – and Space Florida is the perfect partner to help them succeed. www.spaceflorida.gov.

For more information, please click here

Contacts:
Stephen Voller
CEO
Cella Energy
Email:
+44 (0)1235 445568

Professor Stephen Bennington
CSO
Cella Energy
Email:
+44 (0)1235 445568

Tina Lange, APR
Space Florida Communications
Email:
+1 321-223-1013

Copyright © Cella Energy Limited

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

SEFCU, SUNY Poly CNSE Announce Winning Student-Led Teams in the 6th Annual $500,000 New York Business Plan Competition April 25th, 2015

Northwestern scientists develop first liquid nanolaser: Technology could lead to new way of doing 'lab on a chip' medical diagnostics April 25th, 2015

Nanotech-enabled moisturizer speeds healing of diabetic skin wounds: Spherical nucleic acids silence gene that interferes with wound healing April 24th, 2015

Fast and accurate 3-D imaging technique to track optically trapped particles April 24th, 2015

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Sponsors NYC American Heart Association's Health Sciences Innovation Investment Forum: Co-founder of Harris & Harris Group Portfolio Company TARA Biosystems to Speak About the Value of Tissue Engineering Technology April 21st, 2015

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

Harris & Harris Group Portfolio Company OpGen Files Amended Registration Statement for Proposed Public Offering April 8th, 2015

Hong Kong Investors Bullish on Dais Analytic Invest $5.75M, Provide $60M Contract, and Create New Joint Venture Company March 26th, 2015

Announcements

SEFCU, SUNY Poly CNSE Announce Winning Student-Led Teams in the 6th Annual $500,000 New York Business Plan Competition April 25th, 2015

Northwestern scientists develop first liquid nanolaser: Technology could lead to new way of doing 'lab on a chip' medical diagnostics April 25th, 2015

Nanotech-enabled moisturizer speeds healing of diabetic skin wounds: Spherical nucleic acids silence gene that interferes with wound healing April 24th, 2015

Fast and accurate 3-D imaging technique to track optically trapped particles April 24th, 2015

Energy

Pseudoparticles travel through photoactive material: KIT scientists measure important process in the conversion of light energy -- publication in Nature Communications April 24th, 2015

Scientists Use Nanoscale Building Blocks and DNA 'Glue' to Shape 3D Superlattices: New approach to designing ordered composite materials for possible energy applications April 23rd, 2015

'Holey' graphene for energy storage: Charged holes in graphene increase energy storage capacity April 22nd, 2015

Expanding the reach of metallic glass April 22nd, 2015

Fuel Cells

Expanding the reach of metallic glass April 22nd, 2015

Newly-Developed Nanocatalysts Increase Performance of Fuel Cells April 16th, 2015

Cobalt film a clean-fuel find: Rice University discovery is efficient, robust at drawing hydrogen and oxygen from water April 15th, 2015

Research could usher in next generation of batteries, fuel cells University of South Carolina and Clemson reseachers uncover clean interfaces April 10th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project