Monday, March 12, 2007

Catamount Energy Corp. Buys Fuel Cell Technology

Rutland, Vermont-based Catamount Energy Corp., a wind energy company, has acquired 50% of EPG Fuel Cell, LLC, a developer of power projects based on fuel cell technologies. EPG Fuel Cell is a subsidiary of Elemental Power Group, a New York-based renewable energy development company.

EPG Fuel Cell will be run as a joint venture between its two owners, with plans to expand its development efforts across the U.S. in states that have electricity constrained grids in urban environments that can particularly benefit from the ultra-clean generation that fuel cell projects enable.

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