Losses at fuel cell manufacturer, Intelligent Energy (IE), have widened to £67.3m for the six months, 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.
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.