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European Energy Companies Eyeing Alternative Fuel
GALWAY, IRELAND--September 16, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--United Kingdom-based power generation companies are increasingly looking to the opportunities provided by the alternative power sector, and the U.K. government is hoping to entice more activity in this area by launching a £7.2 million ($11.9 million) hydrogen fuel cell competition. The U.K.'s Department of Energy and Climate Change (DECC) is proposing a competition for up to £7.2 million of funding for companies to develop hydrogen and fuel-cell technology. According to DECC, hydrogen and fuel cells have the potential to drastically reduce carbon emissions because they only emit water and heat as by-products.
Other companies featured: Energie Baden-Wuerttemberg AG (ETR:EBK), E.ON AG (OTC:EONGY), Linde AG (ETR:LIN), Daimler AG (NYSE:DAI), OMV AG (WBAG:OMV), Royal Dutch Shell plc (NYSE:RDS.A), Electricite de France (EPA:EDF)
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Industry Segment: Power
Word Count: 742 Words
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