TDK Ventures Invests in Ammonia-to-Energy Hydrogen Fuel Cell Company GenCell - FuelCellsWorks
TDK Corporation announced that subsidiary TDK Ventures Inc. adds GenCell, a world leader in hydrogen and ammonia fuel cell technologies, to its growing investment portfolio. GenCell is the first investment in renewable energy by the TDK corporate venture capital fund since its July 2019 launch.
GenCell solutions will compromise a key component of the emerging hydrogen economy, poised to blossom in the next years. GenCell’s emission-free alkaline fuel cells could truly power fully off-grid rural areas where electricity is not a commodity, contributing to TDK Ventures’ sustainability goals and investment thesis.