JV to develop and manufacture fuel cell systems in Japan

Intelligent Energy, a specialist in clean power systems, and the Suzuki Motor Corporation have announced the creation of a joint venture company called Smile FC System Corporation, to develop and manufacture air-cooled fuel cell systems for a range of industry sectors.
March 16, 2012 Read time: 2 mins

4011 Intelligent Energy, a specialist in clean power systems, and the Suzuki Motor Corporation have announced the creation of a joint venture company called Smile FC System Corporation, to develop and manufacture air-cooled fuel cell systems for a range of industry sectors. The joint venture also includes a non-exclusive license agreement that gives Suzuki access to Intelligent Energy’s fuel cell technology for its next generation of environmentally friendly fuel cell vehicles.

Under the terms of the contract, both companies will take a 50 per cent stake in the joint venture. Smile FC System Corporation will be led by Osamu Honda, executive VP and representative director for Suzuki Motor Corporation, who will become president of the JV which will be headquartered in Hamamatsu City, Shizuoka, with operations initially based in Yokohama, Japan.

According to Intelligent Energy’s Phil Caldwell, newly appointed to the board of Smile FC System, “This joint venture is the latest exciting development in the successful relationship between Intelligent Energy and Suzuki, which has previously resulted in the Crosscage motorcycle and the Suzuki Burgman fuel cell scooter. It is a big step towards the mass production of automotive fuel cell systems.”

For more information on companies in this article

Related Content

  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Lowering carbon emissions from cement and concrete production
    October 20, 2020
    Reducing carbon emissions from the energy intensive cement and concrete production sectors will help stop climate change
    Read More
  • Reduced pollution with locally sourced materials
    February 24, 2012
    Robert Petts provides a practical example of gTKP at work. There is a substantial requirement for a range of sealers and binders in the global road infrastructure sector. The principal need is for the construction and maintenance of road surfaces and pavements. Globally, more than 100 million tonnes of bitumen are produced each year, mostly for use in the road sector.
    Read More
  • Reduced pollution with locally sourced materials
    April 12, 2012
    Robert Petts provides a practical example of gTKP at work. There is a substantial requirement for a range of sealers and binders in the global road infrastructure sector. The principal need is for the construction and maintenance of road surfaces and pavements. Globally, more than 100 million tonnes of bitumen are produced each year, mostly for use in the road sector.
    Read More

Highlighted Content