Global Resource Energy picks up hydrogen fuel cell technology

Jul 16, 2012 - US clean technology start-up Global Resource Energy Inc (PINK:GBEN) on Friday unveiled the acquisition of hydrogen fuel cell technology that it says could dramatically boost the use of hydrogen-based solutions as an alternative source of power.

Global Resource Energy has closed a commercial assignment agreement with Atrius Holdings, whereby it will assume patents and related interests in the MyCroft Hydrogen R-LEG Fuel Cell technology. Financial details were not available.

The technology represents a Recirculating Loop Electric Generator (R-LEG), where hydrogen is used as a catalyst and not as a fuel source, the company explains. It said the technology demonstrated significant potential as a fuel cell power source using mechanical action rather than chemical reaction to generate electricity. According to early studies, the process is very promising for micro power environments and has potential for industrial-scale applications, the company says.

Global Resource Energy plans to seek funding to continue the development of the technology.

The company also said that Thomas Herdman had been appointed founding member of its advisory board. Herdman has more than 20 years of consultancy experience in the fields of finance and development with a focus on natural resource, new technology and energy related projects.

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