Oct. 10, 2002 — Plug Power Inc., a fuel cell provider based in Latham, N.Y., and research and development outfit Albany Nanotech, announced a joint R&D partnership to integrate nanotechnology and proton exchange membrane fuel cell technologies, according to a news release.
The program is intended to last five years and cost $5 million. Funds will come from Plug Power, Albany Nanotech, state and federal grants and other sources, according to Michael Fancher, Albany Nanotech’s director of economic outreach, who said the fund-raising process will be ongoing.
Technical goals include developing the next generation of fuel cell catalyst nanostructures. The program is also intended to help Plug Power decrease costs and improve the performance and reliability of its fuel cells.