Intelligent Energy & Apple Partnership?
Fuel cell firm Intelligent Energy is working with Apple on a secret partnership that could propel the recently-floated British technology champion into the big leagues.
Senior sources in the US told the Mail that the two firms hope to embed fuel cells in electronic devices such as laptops and mobiles within a few years.
Fuel cells convert chemical energy from fuel into electricity in a way that is green and highly efficient.
Looking to the future: Sources say the two firms hope to embed fuel cells in electronic devices such as laptops and mobiles within a few years +1
Looking to the future: Sources say the two firms hope to embed fuel cells in electronic devices such as laptops and mobiles within a few years
The technology could be rolled out in devices such as laptops and iPads, allowing them to run without being charged for days or even weeks.
Intelligent Energy revealed upon floating that it bought a bundle of patents in tandem with a major ‘international electronics company’.
It has kept the identity of its partner a closely-guarded secret. But a source, who has knowledge of the partnership, confirmed that Apple is the big name working with the Loughborough-based firm.
If the British firm can become Apple’s chosen partner in a great leap forward for energy-efficient devices, it could be catapulted into the ranks of global technology players.
Chip designer Imagination Technology has enjoyed phenomenal growth on the back of the use of its graphics technology in the iPhone and other devices.
Intelligent Energy already has strong links with Apple, having recruited former Apple Computers product specialist Joe O’Sullivan to its board as chief operating officer.
It also recently opened an office in San Jose, down the road from Apple’s headquarters in Cupertino, California.
Filings with the US patent office reveal that Intelligent Energy bought a host of patents to do with the practical application of fuel cells from battery firm Eveready in December last year.
The company’s float prospectus acknowledges that it did so in partnership with an electronics giant, now confirmed as Apple.
A partnership between Apple and Intelligent Energy has been rumoured for some time in the US, after documents were leaked showing the US firm’s blueprint for using fuel cells.
Intelligent Energy already supplies technology to major firms such as Suzuki and Boeing.
The firm raised £55m when it floated earlier this month but its shares have performed poorly, falling to 252p yesterday, down 24.5p.
Both Apple and Intelligent Energy declined to comment.