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New CEO at ACAL Energy to raise funds

Thu, 02/21/2013 - 17:36 -- Ruth Williams

UK-based ACAL Energy has appointed a new Chief Executive. Greg McCray will lead the hydrogen fuel cell company as it continues fundraising and trialing products in the automotive and stationary power industries.

ACAL is now ready to license its technology - a smaller, more durable fuel cell designed with 80% less platinum to keep costs low.

McCray said: “The clean power sector is on the crest of a new wave of technology innovation. Hydrogen fuel cells are an important part of that wave and commercialising hydrogen power will mean we break our reliance on fossil fuels. The future looks very exciting as auto-makers and power-hungry industries, such as manufacturing, explore hydrogen as an alternative fuel source.”

ACAL has spent eight years developing what it calls a revolutionary approach to fuel cell technology that is ready to progress from trial deployments to licensing to car manufacturers.

McCray joins ACAL from Antenova Ltd, a global wireless components company, which he transformed into a fast-growing antenna business backed by venture capitalists worldwide. This experience will be utilised to mass-market the ACAL fuel cell, via licensing agreements, into the automotive industry.