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Hydrogen fuel pioneer Arcola Energy, which was one of the first occupants at the Michelin Scotland Innovation Parc in Dundee, has been acquired by a Canadian company.
Arcola has agreed a cash and shares offer from Nasdaq-listed Ballard Power Systems worth up to $40m (£30m). London-based Arcola is establishing its main manufacturing facility at MSIP and also has a rail engineering facility at the Boness and Kinneil Railway. It currently has 90 employees in the UK. (Permalink) Arcola Arcola Energy Ballard Power Systems Bo'ness and Kinneil Railway Hydrogen Power Bo^ness TMD: DMS 64600 from 314209 on the jacks at Boness for removal of redundant equipment in preparation for the installation of the new hydrogen fuel cell package. |