Fuel cell firm Intelligent Energy valued at $1.1 billion at London IPO

The British hydrogen fuel cell company Intelligent Energy (IE) has floated on the London Stock Exchange at a valuation of $1.1 billion. The firm raised $69 million in the Thursday IPO for 8.8 percent of its shares, along with $27 million from Singaporean wealth fund GIC, which now owns around 10 percent of the firm. IE will use the money to sell backup power units for cellular base stations in India, and to support the launch of its Upp personal energy generator (pictured), according to the Financial Times. Early reviews suggest one Upp hydrogen cartridge can charge a mobile device 5 times. IE, which has been developing its technology for 13 years, also plans to make fuel cells for vehicles.

AT&T doubles down on Bloom Energy fuel cells

AT&T is now Bloom Energy’s largest corporate customer and has doubled its previously announced fuel cell deal. The news is the latest win for Bloom Energy as it continues to brings in tech customers that want to power facilities and data centers.