Fuel cells vs diesel, GenCell picks a side
“It’s time to say no to diesel,” GenCell Energy’s co-founder and CEO Rami Reshef told Ed Reed of Energy Voice. The Israeli company listed on the Tel Aviv Stock Exchange in November, raising 205 million shekels ($63mn). Proceeds from the IPO are to go to R&D and invest in production lines, with a move to increased automation and reduced costs.
“The only way to achieve decarbonisation is to stop using fossil fuels. The only alternative is hydrogen-based technology. Hydrogen is the most natural transition from fossil fuels.”
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