Avista Corp.'s Fuel Cell Affiliate Forms New Company, H2fuel LLC

Avista Corp. (Spokane, WA) announced that its fuel cell affiliate, Avista Labs, has formed a new company, H2fuel LLC, to develop and commercialize a new technology for manufacturing hydrogen for fuel cells. Avista Labs owns a 70 percent interest in H2fuel, with the remaining interest owned by Unitel Fuels Technologies LLC. Avista Labs reports that it will transfer its ongoing fuel processor development work to H2fuel. The company's principal offices will be located in Spokane, Wash.

“H2fuel's mission is to bring clean, reliable and affordable hydrogen production technology to market," commented J. Michael Davis, CEO of Avista Labs and chairman of H2fuel LLC. “H2fuel will focus its considerable talent on fuel-flexible technology to serve the entire fuel cell industry, in addition to other applications requiring hydrogen. Avista Labs will maintain its focus on manufacturing and marketing its patented, modular, cartridge-based fuel cells and integrated fuel cell systems."