H Power and SGL Carbon Sign Memorandum of UnderstandingNovember 01, 2000 by Jeff Shepard
H Power Corp. (Clifton, NJ) has signed a memorandum of understanding with SGL Carbon (Wiesbaden, Germany) to jointly develop cost-effective graphite plate components customized for use in H Power Corp.'s PEM fuel cells.
H. Frank Gibbard, CEO of H Power Corp., commented, "Using molded graphite plates instead of machined plates will reduce the cost of this essential fuel cell component by as much as 90 percent. Working together with SGL Carbon, we anticipate delivery within a year and resulting significant cost savings."
The high cost of graphite plates and papers is the principal driver of fuel cell stacks and their high cost, which this agreement will address. Under the terms of this agreement, SGL Carbon will both design and manufacture cost-effective components.