GM and US DoE Pen $88 Million Advanced Fuel Cell Agreement
WASHINGTON, D.C. (March 30, 2005) -- General Motors Corp. and the U.S. Department of Energy (DOE) have signed a five-year, $88-million agreement to build a 40-vehicle fuel cell fleet and further develop the technology.
Under the program, GM will spend $44-million to deploy fuel cell vehicle demonstration fleets in Washington D.C., New York , California and Michigan. The DOE will contribute the other half, under an agreement that expires in September 2009.
In a separate commercial agreement, Shell Hydrogen, LLC will support GM by setting up five hydrogen refueling stations in Washington, DC., metropolitan New York City and between Washington D.C. and New York, or the “East Coast Corridor,” and in California. Other program partners include the U.S. Army at Ft. Belvoir, Va. and Quantum Technologies in Lake Forest, Calif. – providing facilities for GM to store and maintain fuel cell vehicles; NextEnergy in Detroit, Mich. for codes and standards development; and Viewpoint Systems in Rochester, New York for collecting and retrieving data remotely.
GM is also collaborating with the U.S. Department of Defense and will release news later this week.
General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the global industry sales leader since 1931. Founded in 1908, GM today employs about 324,000 people around the world. It has manufacturing operations in 32 countries and its vehicles are sold in 200 countries . In 2004, GM sold nearly 9 million cars and trucks globally, up 4 percent and the second-highest total in the company’s history. GM’s global headquarters are at the GM Renaissance Center in Detroit . More information on GM can be found at www.gm.com.
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