Methanol fuel cell company Blue World acquiring Danish Power Systems
Blue World Technologies, developer and manufacturer of methanol fuel cells, is acquiring Danish Power Systems, a 25-year-old High Temperature Polymer Electrolyte Membrane (HTPEM) membrane electrode assembly (MEA) research and development company. The transaction follows Blue World’s August 2019 purchase of 15% of the shares in Danish Power Systems. (Earlier post.) The acquisition awaits the approval of the Danish authorities.
Since its founding in 2018 with the vision and strategy to commercialize methanol fuel cell technology, Blue World Technologies has built its fuel cell platform using the MEA technology of Danish Power Systems.