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

  • Parsons Brinckerhoff strengthens Middle East operations
    March 16, 2012
    Parsons Brinckerhoff has appointed transport planning specialist Richard Crossley to its expanding Middle East Transportation Team.
    Read More
  • A competitive market
    August 2, 2012
    Competition is increasing in the earthmoving sectors, and for some companies market share is improving The wheeled loader market is becoming more competitive, with a number of firms now challenging the leading players, Caterpillar, Komatsu and Volvo. In other earthmoving product sectors such as excavators, companies such as Case, Doosan, Hyundai, JCB, Liebherr and Volvo are becoming more aggressive in terms of sales and are capturing market share. Case is gearing up its operations in Western Europe, Eastern
    Read More
  • Outgoing IEF president: More universities must share research with SMEs
    August 28, 2013
    The outgoing president of Europe’s largest engineering body is calling for more universities to give small and medium sized businesses open access to the intellectual property (IP) that they create. Professor Andy Hopper CBE is making the plea as he prepares to step down after his one-year term as president of the Institution of Engineering and Technology (IET). “Tax payers are already funding the creation of innovative intellectual property in our universities, so it seems reasonable that more of t
    Read More
  • Puma’s bio-based CarbonBind an AFPA winner
    November 22, 2023
    For its bio-based asphalt and sprayed seal binder, Puma Energy recently picked up the ‘National Innovation Award’ from the Australian Flexible Pavement Association – AFPA.
    Read More

Highlighted Content