MTI MicroFuel Cells, a subsidiary of Mechanical Technology Inc., announced that the U.S. Dept. of Energy released an additional $500,000 to the company to help develop its local manufacturing operation.
MTI Micro started its pilot production line for its Mobion micro fuel cell technology in January. The Mobion fuel cell system uses methanol, which is wood alcohol and is being developed as an environmentally friendly alternative to traditional lithium ion batteries used for hand-held electronic devices.
According to MTI Micro, Thursday’s release of funding adds to a combined $1.5 million the company has received from the DOE since last year.
“With DOE’s support, we have begun our manufacturing readiness phase and the establishment of a developmental pilot production line to advance Mobion manufacturing techniques, increase the number of units produced to satisfy potential and existing customers, and allow for more expansive testing with the delivery of larger quantities of consistent Mobion systems,” stated MTI CEO Peng Lim.