Blog Post

Fuel cell firm Intelligent Energy valued at $1.1 billion at London IPO

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

The British hydrogen fuel cell company Intelligent Energy (IE) has floated on the London Stock Exchange at a valuation of $1.1 billion. The firm raised $69 million in the Thursday IPO for 8.8 percent of its shares, along with $27 million from Singaporean wealth fund GIC, which now owns around 10 percent of the firm. IE will use the money to sell backup power units for cellular base stations in India, and to support the launch of its Upp personal energy generator (pictured), according to the Financial Times. Early reviews suggest one Upp hydrogen cartridge can charge a mobile device 5 times. IE, which has been developing its technology for 13 years, also plans to make fuel cells for vehicles.

3 Responses to “Fuel cell firm Intelligent Energy valued at $1.1 billion at London IPO”

    • Felix Hoenikker

      no its not, micro fuel cells have been tried and failed many times before. people just have unbelievably little understand of technology, very short memories, and the inability to simply google the topic for more information.

      • Felix Hoenikker

        should talk to the shareholders from Angstrom on why they dont think this company is worth that much. Or maybe a little research on Bob Shaw’s investments from Arete corp, good starting points to understanding this hoopla.