Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Nano Ruffles in Brain Matter: Freiburg researchers decipher the role of nanostructures around brain cells in central nervous system function October 31st, 2014

Gold nanoparticle chains confine light to the nanoscale October 31st, 2014

'Nanomotor lithography' answers call for affordable, simpler device manufacturing October 31st, 2014

Device invented at Johns Hopkins provides up-close look at cancer on the move: Microscopic view of metastasis could give insight about how to keep cancer in check October 31st, 2014

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

TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014

7th Nanotechnology Festival, Exhibition Kicks Off Work in Iran October 7th, 2014

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014

Announcements

Nano Ruffles in Brain Matter: Freiburg researchers decipher the role of nanostructures around brain cells in central nervous system function October 31st, 2014

Gold nanoparticle chains confine light to the nanoscale October 31st, 2014

'Nanomotor lithography' answers call for affordable, simpler device manufacturing October 31st, 2014

Device invented at Johns Hopkins provides up-close look at cancer on the move: Microscopic view of metastasis could give insight about how to keep cancer in check October 31st, 2014

Energy

Gold nanoparticle chains confine light to the nanoscale October 31st, 2014

Iranians Present Model to Predict Photocatalytic Process in Removal of Pollutants October 30th, 2014

New solar power material converts 90 percent of captured light into heat: SunShot Project aims to make solar cost competitive October 29th, 2014

New Compact SIMS at 61st AVS | Visit us on Booth 311 October 28th, 2014

Fuel Cells

National Synchrotron Light Source II Achieves 'First Light' October 23rd, 2014

Unique catalysts for hydrogen fuel cells synthesized in ordinary kitchen microwave oven October 14th, 2014

Researchers Pump Up Oil Accumulation in Plant Leaves: Method could greatly boost energy content of crops grown for fuel October 8th, 2014

Platinum meets its match in quantum dots from coal: Rice University's cheap hybrid outperforms rare metal as fuel-cell catalyst October 1st, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE