US and Canadian Firms Form Venture to Develop Hydrogen Storage Technology
SFIELD -- Principals of advanced battery developer ElectraStor LLC have formed a separate company that is working with a professor at a Canadian university to develop a simple way of storing hydrogen.
ElectraStor CEO Michael J. Armitage and Christopher Willson, senior vice president for technology, have founded HSM Systems Inc. to commercialize a "breakthrough" storage system developed by Sean McGrady, an associate chemistry professor at the University of New Brunswick at Fredericton, Canada.
According to a press release, HSM is based in Fredericton, with a business office in Pittsfield. The latter office is located at 333 West St., where ElectraStor has leased space from Western Massachusetts Electric Co.
ElectraStor was formed as a subsidiary of Electric Vehicles Worldwide LLC, which in 1999 received a $1.35 million Federal Transit Administration grant to develop electric-powered vehicles. Seen as potentially a major employer, the company was awarded $250,000 from the city's GE Economic Development Fund in January 2001.
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