Chancellor discovers green shoots at Bac2 in Southampton
Alistair Darling, The Chancellor of the Exchequer, met thriving green technology company, Bac2, during a visit to Southampton earlier today.
Bac2 developed and patented ElectroPhen, a conductive plastic that enables fast and economical moulding of the connecting plates used inside hydrogen fuel cells. Today, such plates account for 30% of the cost of fuel cells, which are proven sources of clean electrical energy - their only waste product is water vapour. Because ElectroPhen plates can be made from combining readily available bulk materials, and are easily moulded into the required shapes without expensive processing, they promise to help make green energy from fuel cells economically viable. Bac2 has attracted customers from Europe, North and South America, and Asia and expects healthy growth in 2009, despite the economic downturn.
Mr. Darling met Bac2’s CEO, Mike Stannard, and saw some of the customised fuel cell plates produced at the company’s laboratory on the Millbrook Technology Campus in Southampton.
Mike Stannard, said: “The UK is a hive of technical innovation and it’s essential that the government continues to invest in this area for the future prosperity of the country”.
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