Press releases
C.EN LTD. COMPLETES FINANCING ROUND WITH GENERALI GROUP
C.En Ltd President and CEO Mr. Moshe Stern
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Zurich, Switzerland, November 23rd, 2009. - C.En Ltd., developer of a breakthrough hydrogen storage technology, has announced that it has completed a round of equity financing 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, 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."
Contact:
Mr. Moshe Stern, President and C.E.O
Tel: +972-3-613-8588
sternm@zahav.net.il
Prof. Dan Eliezer, V.P. and Chief Scientist
Tel: +972-3-612-4616
dane@cenh2go.com
PREVIOUS Press releases
C.EN LTD. APPOINTS WORLD-RENOWNED RUSSIAN SCIENTIST PROF. E.P. VELIKHOV HONORARY PRESIDENT
Believes C.En's technology for storing hydrogen in capillary arrays can resolve fuel-shortages and pollution challenges confronting modern societies
Zurich, Switzerland, June 3, 2009. - C.En Ltd. (www.cenh2go.com), pioneer developer of a hydrogen storage technology, today announced the nomination of the acclaimed Russian Academician Prof. E.P. Velikhov as its honorary president. Prof. Velikhov, stated in his letter of acceptance: “I believe that the fulfillment of the potential of this technology will resolve one of the central issues facing society today." He believes C.En's inventive storage technology will enable the optimal usage of hydrogen as the "green energy" source, greatly reducing dependence on fossil fuels.
Prof. Dan Eliezer, D.Sc, FASM, C.En’s V.P. and Chief Scientist summarizes the current state of the technology development: “The principles of hydrogen storage in capillary arrays have been firmly established. The development of a final storage system is only a question of engineering.” C.En has developed its novel method for safe storage of highly pressurized hydrogen, using capillaries made of glass materials, for a range of industrial and commercial applications. Prof. Eliezer notes: "Testing and evaluation of C.En's technology by the Berlin based BAM Federal Institute for Materials Research and Testing, confirms the trendsetting nature of the company's innovative approach." Storage tests conducted by BAM demonstrated a gravimetric storage capacity of 33 wt% and a volumetric capacity of 28 g/L. Results were determined at a comparatively low pressure of 400 bar. Results are significantly higher than other published storage system capacities and have surpassed the US Department of Energy's (DOE) 2010 hydrogen storage gravimetric targets, and are expected to meet the DOE's 2015 storage targets in the near future.
Prof. Velikhov is President of the Kurchatov Institute - Russian Scientific Centre, and the First Secretary (head) of the Public Chamber of Russia. He has achieved international acclaim for his inventions, discoveries and over 1500 publications. He has been awarded honorary doctorates by the University of Notre Dame and William Howard Taft University (USA) and the University of London, (UK). Amongst others he has received the American Physical Society and Science and Peace Prizes, as well as the State Prize of the Russian Federation (2003).
Since its earliest days Prof. Velikhov's has persistently given C.En his scientific support and encouragement. Moshe Stern, President and CEO of C.En said: “I greatly value Prof. Velikhov's acceptance of the title of Honorary President of C.En Ltd. I believe that his support is and will be a great factor in the advancement of C.En technology.”
About C.En
C.En Ltd. is a privately-held company based in Switzerland. The company has developed a technology for the safe storage of hydrogen in Multi-Capillary Arrays. Its technology is lighter, cheaper and safer than competing approaches. The company seeks relationships with global players who can incorporate and adapt C.En's unique technology to their innovative applications.
Contact:
Prof. Dan Eliezer, V.P.
Tel: +972-3-612-4616
dane@cenh2go.com
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