Funding awarded for engineering development of hydrogen fueling stations

Toronto, ON – September 28, 2004 – Stuart Energy Systems says it has been awarded approximately $300,000 in funding from Natural Resources Canada, through the Canadian Transportation Fuel Cell Alliance (CTFCA) program, for the preliminary engineering of three electrolysis-based hydrogen-fueling stations.

The stations, when built, are intended to support demonstration projects involving hydrogen-powered shuttle buses. The targeted locations for these projects are in Ottawa and Toronto, Ontario, and in Charlottetown, Prince Edward Island.

The projects will develop market familiarity and consumer acceptance for hydrogen-powered vehicles and hydrogen fueling infrastructure, and ultimately facilitate the commercialization of these technologies. Phase 1 of the project contemplates the project engineering study. Deployment of the fueling stations will be dependent upon the availability of the hydrogen-powered shuttle buses.

“We have had a long and productive relationship with Natural Resources Canada, who has fostered the development of the hydrogen economy in Canada, as well as our own technology development,” says Jon Slangerup, president and CEO of Stuart Energy.