Plug Power Pays $4M for ReliOn
Plug Power has acquired the assets of ReliOn, a developer of hydrogen fuel cell stack technology and fuel cell systems based in Spokane, Wash. Plug Power paid about $4 million in Plug Power common stock for ReliOn’s assets and will add key ReliOn personnel, primarily in sales and engineering.
The acquisition adds fuel cell stack technology and products that Plug Power plans to integrate into several models of its GenDrive fuel cell systems with first deployments this year. ReliOn develops modular, scalable proton exchange membrane (PEM) hydrogen fuel cell systems that feature air-cooled stack designs with snap-and-build stack assembly. The company has deployed more than 5,000 fuel cell stacks at customer sites.
Currently, Plug Power owns more than 150 US patents related to fuel cells. The ReliOn acquisition adds 34 additional US fuel cell patents to the company’s portfolio.
- 6 Steps from Getting the Most From Every Lighting Retrofit
- Essential Guide to Lighting Retrofits and Upgrades
- What You Need to Know About Demand Charges
- 2014 Environmental Leader Product and Project Awards
- Trends in Energy Management: Where Should Your Next Investment Be?
- The CFO and the Sustainability Reporting Chain
- Integrated Building Optimization
- NAEM Trends Report: Planning for a Sustainable Future
- How to Automate the Collection & Delivery of Utility Billing Data
- How "Fixed" is the Fixed Price Product?
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement