04-May-2011

I2BF make £1m investment as part of our recent investment round

ACAL Energy welcomes I2BF the international clean technology asset management group, to it's investor protfolio; this investment being only the second UK based investment for the group.

Speaking about the investment, David Waserstein, Partner and Director of Investments at I2BF, said: “We are delighted to be involved in early stage companies like ACAL that are developing and commercialising cutting-edge clean technologies. ACAL’s technology can play a significant role in the adoption of fuel cells as a clean and efficient way of generating electricity which is particularly interesting to global major automakers that who are developing electric vehicle fuel cells electric vehicles for commercial launch in 2015. In addition we see exceptional growth potential in markets where distributed generation is critical and natural gas is readily available. ”