LOL the last 5 US DOE funded techs that I followed that had US DOE grants like those and US DOE backing are all Bankrupt, Bcon, Aone, Solyndra and Axpw is BK and DOA, but just does not know it yet, now I know MVTG competitor Plug is about to be DOA!!!
Plug could not get a single rig outfitted for under $5 million dollars OUCH!!! No wonder they are losing 75 million dollars in one quarter last year. And no wonder the Plug shares fell on that news!!!
MVTG has only used 10 million dollars since the IPO 8 yyears ago!!! That is efficiency!!! Where was Plug at year 8, (what 20 years ago now?) looking for a product still?
"The project is funded through a $2.5 million grant from the Energy Department’s (DOE) Fuel Cell Technologies Office (FCTO), with a matching $2.5 million cost share from private sector partners."