C.En Ltd. Completes Financing Round with Generali Group.ZURICH -- C.En Ltd. (www.cenh2go.com), developer of a breakthrough hydrogen storage
Hydrogen storage is the main technological problem of a viable hydrogen economy. Some attention has been given to the role of hydrogen to provide grid energy storage for unpredictable energy sources, like technology, has announced that it has completed a round of equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. with global insurance and financial giant Generali Group. Generali Group is one of the largest insurance groups in Europe, operating in over 60 countries, with more than 460 subsidiary companies in the insurance, financial and property fields. Generali Group is committed to the development of various realms of sustainability, and is focused on pioneering technological innovations in the environmental sector. Funding by Generali Financial Holdings (FCP-FIS) - as well as by other leading global partners- will be used to further enhance environmentally sustainable applications of C.En's hydrogen storage technology. C.En's unique and innovative technology enables the storage of hydrogen, at very high pressures, in special glass capillaries Capillaries The smallest arteries which, in the lung, are located next to the alveoli so that they can pick up oxygen from inhaled air. Mentioned in: Adult Respiratory Distress Syndrome, Birthmarks, Platelet Count , thereby offering the first compact, lightweight, safe and economical hydrogen storage solution. "We are fortunate to add Generali to our strong group of existing investors who support our vision and unique technology," notes Mr. Moshe Stern, President and C.E.O. of C.En Ltd., and adds, "The funding will help advance our vision of turning hydrogen into the leading clean energy source of the future." Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6107301&lang=en |
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