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ACAL Energy Raises Further Funds
Company Well Placed to Achieve its Commercialisation Goals

Cheshire, UK – September 4th 2012 – ACAL Energy, the leading developer of
platinum free cathode fuel cell technology, has secured another successful round
of investment finance, enabling it to strengthen the research and development of
its affordable fuel cell systems.
The latest funding round of Ł3.25 million has been raised from existing investors
including clean technology asset management group I2BF, the North West Fund for
Energy and Environmental (NWF4E&E) and the PFCC2 - both managed by CT
Investment Partners (CTIP) - and SC Green Tech Ventures LLC (the investment arm
of Sumitomo Corporation). Additional contributions were made by smaller investors
and by the company’s management.
ACAL Energy’s FlowCath® technology uses a proprietary liquid catalyst to eliminate
most of the platinum used in conventional fuel cells, and the company has been
able to demonstrate a radical improvement in the reliability and cost effectiveness
of its fuel cells. Last year, ACAL Energy won The Carbon Trust ‘Polymer Fuel Cell
Challenge’, an initiative aimed at accelerating access to new markets for fuel cell
As part of the funding announced today, ACAL Energy has been successful in
receiving follow-on funding under this programme (PFCC2). This will enable the
benefits of FlowCath® technology to be delivered earlier, and to feature more
prominently in the company’s commercialisation plans.
“We are especially pleased to have the confidence of our current investors who
have been most supportive of our operations to date”, said Mr Brendan Bilton, the
recently-appointed UK Managing Director of ACAL Energy. “Our rapid rate of
technical progress puts us in a good position as we proceed with our
commercialisation plans.”
The company has previously announced that it is targeting FlowCath® power
modules for commercial scale stationary power and automotive applications.

- Ends -

For further information, please contact Amanda Lyne at ACAL Energy:
Tel: +44 (0)1928 511581
E-mail :

Editorial contact:
Terry Nicklin, KeynotePR Ltd
Tel: +44 (0)7923 540695
Notes to Editors:
(Pictures available)

About ACAL Energy Limited
ACAL Energy is a developer of a new fuel cell technology that will enable low cost
and highly reliable fuel cell systems for a wide variety of applications. The
company was founded in August 2004 by FlowCath® inventor Dr Andrew Creeth and
is headquartered in Runcorn, UK.
Fuel cells are a highly efficient and clean energy production technology capable of
replacing combustion engines in applications including remote and distributed
power and residential cogeneration, as well as automotive and mobile power
applications. FlowCath® replaces the expensive precious metal catalyst found in
conventional fuel cells with a proprietary low cost liquid catalyst. This not only
reduces the cost of the fuel cell, but also provides significant durability and
reliability benefits through system simplification and the elimination of the most
common failure mechanisms found in standard fuel cells.
FlowCath® is a registered trademark of ACAL Energy Ltd.

About CT Investment Partners
The North West Fund for Energy & Environmental is managed by CT Investment
Partners (“CTIP”). Established in 2006, CTIP also advises the Carbon Trust on its
clean energy venture capital investment activities and on the suitability of
companies for admission to the Carbon Trust Entrepreneurs Fast Track, which aims
to ‘turbo charge’ investment in early stage clean tech companies.
As a fund manager for The North West Fund, CTIP’s role encompasses identifying
appropriate investment opportunities, conducting due diligence, negotiating and
structuring transactions, and monitoring and managing investments until exit.

About I2BF
I2BF was established in Silicon Valley in 2005 as an international asset management
group focusing on venture capital and public equity activities in the clean
technology sector.
I2BF had over $130 million under management (2011), deployed across two main
funds: a venture capital fund, I2BF Holdings I and a hedge fund, I2BF Arbat Clean
Technology Fund.

Terry Nicklin | Director
KeynotePR Ltd | St John's Innovation Centre
Cowley Road | Cambridge | CB4 0WS
t: 07923 540695
w: – new site online
twitter: Terry_N
skype: terry.nicklin

Publisher Contact Information:

ACAL Energy Limited
+44 (0)1928 511581

Company profile of ACAL Energy Limited
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