Executive Summary

Voller Energy Group plc is one of the world's first commercial developers and manufacturers of portable fuel cell systems for use as battery chargers and mobile generators. Voller Energy is initially targeting commercially attractive areas including the cordless power tool, temporary buildings, leisure boating, recreational vehicle (RV) and military markets. These are likely to be early adopters of the technology as the benefits of using fuels cells, such as low noise, low vibration, no toxic emissions and health and safety issues, are important drivers. The portable power market is generally defined up to 10kW and is expected to be worth $17 billion by 2011 (Canadian Fuel Cell commercialisation Roadmap - Price Waterhouse Coopers, March 2003). Importantly, Voller Energy's business is not dependent on the emergence of a hydrogen infrastructure, which may take many years to develop. Through its acquisition of intellectual property from KAT-Chem in February 2005, Voller Energy has acquired a low cost fuel processor technology, which means that it can extract the hydrogen found in fuels such as propane, butane (LPG), diesel and the military fuel JP8. This supply of hydrogen from commonly available fuels should ensure the early and widespread adoption of fuel cell technology. To date, Voller Energy has filed seven patents relating to their core technology. One of these patents has been granted to date.

 

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