Sanyo Electric and Samsung to Cooperate on Fuel Cells
Sanyo Electric Co. (Japan) announced that it has agreed with Samsung Group (South Korea) to jointly develop fuel cells for small-scale home and commercial power generation. Sanyo stated that collaboration between the two groups' research and development areas would expand to other technological areas as well. At present, the collaboration would be limited to research and development and would not extend to manufacturing or other operations.
"What's most important is that by combining our technologies we can speed up commercial availability," stated Fusao Terada, director of Sanyo Electric's research and development center. "And by boosting efficiency, we can reduce the cost burden while improving the level (of technology)."