January 29, 2023
WATT Gasoline Cell Continues Enterprise Momentum Progress With Generac Funding

MOUNT PLEASANT, Pa., Dec. 7, 2022 /PRNewswire/ — WATT Gasoline Cell is happy to announce an funding from Generac Energy Methods, a market chief in residential power expertise. The brand new funding closes 2022 with rising momentum towards business launch of gas cell-driven energy for householders. As part of the transaction, a member from the Generac govt staff will be a part of the WATT board of administrators. 

“This partnership with Generac is a significant step ahead for WATT as we start addressing the world’s want for clear, dependable and cost-efficient power sources in an more and more disruptive market,” mentioned Caine Finnerty, WATT’s president, chief working officer and founder. “Generac is the market chief in residential backup energy, with a confirmed and rising model constructed on the promise of reliable energy for houses within the US and past. Partnering with and investing in firms with market main energy-based applied sciences like WATT will preserve and prolong that lead,” he added.

“Generac is happy to affix WATT’s present investor base and appears ahead to collaborating with the WATT staff in the direction of the combination of this revolutionary expertise into the Generac Dwelling Power Ecosystem,” mentioned Patrick Forsythe, chief technical officer at Generac. “We assessed the worldwide gas cell business and have been impressed by the technological developments the WATT staff has made.”

The brand new funding caps a 12 months of great developments for WATT’s enterprise, together with:

  • Partnership with EQT and Peoples Gasoline to create a pure gas-fueled electrical energy service providing for the utility’s residential clients.
  • Achievement of great effectivity features via the event of recent gas processing expertise and cell parts produced utilizing WATT’s proprietary additive manufacturing course of. This additional lowered the already minimal CO2 emissions from its combustion-free energy manufacturing.
  • ETL certification of WATT’s 1500W ImperiumR Stable Oxide Gasoline Cell System to function on both pure gasoline or liquid propane gasoline, which places the system in compliance with North American security requirements.
  • Deliberate enlargement of its manufacturing capabilities.
  • Participation with a number of regional teams/coalitions which might be pursuing funds from the Inflation Discount Act to ascertain hydrogen hubs – positioning WATT gas cells as a key aspect within the growth of fresh tech hydrogen-based power ecosystems.

WATT’s Imperium gas cells make energy utilizing an electrochemical course of that generates electrical energy from hydrogen molecules and different electrochemically oxidizable species derived from one in every of a number of available gas choices equivalent to propane, pure gasoline, blended pure gasoline and hydrogen, or hydrogen.

WATT’s gas cell expertise is solid-state easy: gas goes in, clear, dependable energy flows out.

“This funding by Generac additional propels the viability of WATT’s gas cell energy technology expertise and provides us an exponential enhance as we strategy our launch into the residential market,” mentioned Wealthy Romer, CEO of WATT. “In right this moment’s world of rising power prices, rising disruptions and threats to the reliability of the ability grid, and the necessity to for lower-carbon power, WATT will assist lead the continued drive for expertise and innovation to handle these points.” 

About WATT Gasoline Cell Corp.

WATT Gasoline Cell Corp. (www.wattfuelcell.com) is a producer and developer of Stable Oxide Gasoline Cell (“SOFC”) stacks and methods that function on widespread, available fuels equivalent to propane and pure gasoline. WATT’s proprietary, patented additive manufacturing course of (AMP) has allowed them to supply commercially viable SOFC merchandise for small scale and distant energy purposes. WATT’s Hybrid Energy Administration system works in tandem with renewable energy sources (Photo voltaic & Wind) and power storage to supply quiet, environment friendly, inexpensive, and environmentally accountable power options prioritizing a return on funding for patrons throughout the globe.

About Generac

Generac Energy Methods, Inc. (NYSE: GNRC) is a number one power expertise firm that gives superior energy grid software program options, backup and prime energy methods for dwelling and industrial purposes, photo voltaic + battery storage options, digital energy plant platforms and engine- and battery-powered instruments and tools. Based in 1959, Generac launched the primary inexpensive backup generator and later created the class of computerized dwelling standby generator – a market wherein almost eight of ten turbines offered is a Generac. The corporate is dedicated to sustainable, cleaner power merchandise poised to revolutionize the twenty first century electrical grid.

SOURCE WATT Gasoline Cell

WATT Gasoline Cell Continues Enterprise Momentum Progress With Generac Funding

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