HydroGen Corporation (OTCBB:HYDG), partly through a $1.25 Million grant from the Ohio Department
of Development through the Ohio Fuel Cell Initiative, has planed a 400 kilowatt fuel cell project in Ohio. The company plans
to install and operate a 400 kW air-cooled phosphoric acid fuel cell module demonstration facility and eventually place its
corporate headquarters in the state, where it plans to create about 200 jobs between 2006 and 2008. The demonstration is expected
to form the basis for the development of the company’s 2 Megawatt Power Island product.
The Ohio Fuel Cell Initiative was started in 2003 and has $100 million available for the development
of fuel cell technology. Lt. Governor Bruce Johnson, who is also director of the Ohio Department of Development, indicated
that Ohio was serious about fuel cell development, "The Ohio Fuel Cell Initiative shows that 'Ohio Means Business' when it
comes to being a leader in fuel cell development. It demonstrates our commitment to bringing innovative companies like HydroGen
to Ohio."
Noting that Hydrogen was the first major project in the state was Joshua Tosteson, President
of HydroGen, "We are excited to bring our first major project to the state of Ohio. "This project is a critical element of
our product roll-out and sales strategy, and we are delighted to have such strong support from the state of Ohio in this crucial
phase of our business plan. Our company will become an integral part of Ohio's rapidly growing home-grown fuel cell industry,
and we are pleased to be partners with the state."
