Losses at fuel cell manufacturer, Intelligent Energy (IE), have widened to £67.3m for the six months to end March 2016, as the company looks to complete its restructuring and refocus on small- to medium-sized off-grid devices. The company, which has been in administration since last year, said it had lost a total of £20m over that period.
Losses at fuel cell manufacturer, Intelligent Energy (IE), have widened to £67.3m for the six months to end March 2016, as the company looks to complete its restructuring and refocus on small- to medium-sized off-grid devices. The company intends to focus on its core air-cooled fuel cell tech and announced that development of its evaporatively cooled technology will be put “on hold” until profitable opportunities arise.