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03-30-2005, 12:32 PM
Really good news!
http://money.cnn.com/2005/03/30/news/fortune500/gm_fuelcell.reut/index.htm?cnn=yes
DETROIT (Reuters) - General Motors Corp. Wednesday said it signed an $88 million deal with the Department of Energy to build a fleet of 40 hydrogen fuel cell vehicles and further develop the technology.
Under the five-year program, the world's largest auto manufacturer will spend $44 million to deploy fuel cell demonstration vehicles in Washington D.C., New York, California and Michigan.
The Department of Energy will contribute the other half of the program's investment under an agreement that expires in September 2009.
In a separate commercial agreement, Shell Hydrogen LLC will support GM by setting up five hydrogen refueling stations in Washington, D.C.; New York City; between Washington D.C. and New York; and in California.
Other program partners include the Army at Fort Belvoir, Va., and Quantum Technologies in Lake Forest, Calif. Both will provide facilities for GM to store and maintain fuel cell vehicles.
GM said it is also collaborating with the Department of Defense and would release news on that relationship later in the week.
http://money.cnn.com/2005/03/30/news/fortune500/gm_fuelcell.reut/index.htm?cnn=yes
DETROIT (Reuters) - General Motors Corp. Wednesday said it signed an $88 million deal with the Department of Energy to build a fleet of 40 hydrogen fuel cell vehicles and further develop the technology.
Under the five-year program, the world's largest auto manufacturer will spend $44 million to deploy fuel cell demonstration vehicles in Washington D.C., New York, California and Michigan.
The Department of Energy will contribute the other half of the program's investment under an agreement that expires in September 2009.
In a separate commercial agreement, Shell Hydrogen LLC will support GM by setting up five hydrogen refueling stations in Washington, D.C.; New York City; between Washington D.C. and New York; and in California.
Other program partners include the Army at Fort Belvoir, Va., and Quantum Technologies in Lake Forest, Calif. Both will provide facilities for GM to store and maintain fuel cell vehicles.
GM said it is also collaborating with the Department of Defense and would release news on that relationship later in the week.