JACKSON TWP. —
South Korea-based LG Electronics has acquired 51 percent of Rolls Royce Fuel Cell Systems.
The $45 million investment includes the company’s headquarters and laboratory on the campus of Stark State College.
The company will now be known as LG Fuel Cell Systems. LG will continue the research, development, testing, and commercialization of solid oxide fuel cell technology aimed at large scale power generation for industrial, commercial, and utility markets, according to a statement from the two companies.
LG will have access to Rolls-Royce technical expertise and will continue to engage with the U.S. Department of Energy’s Solid State Energy Conversion Alliance program.
To read the full article, click the link below.LG buys Rolls Royce fuel cell unit »