AES Acquires Fuel Cell Plant in Germany

May 20, 2002 by Jeff Shepard

Apollo Energy Systems Inc. (AES, Fort Lauderdale, FL) announced the acquisition of a fuel cell plant in Cologne, Germany, called C-2T, which produces alkaline fuel cells on a large-scale basis. Plans for production are to go into production this summer, with first shipments to customers in the US. AES has pending orders for $320.0 million worth of Apollo power plants, which will contain alkaline fuel cells. A future plant will be built in Florida to supply US customers, with production in Germany allocated for European customers.