Saturday, June 7, 2008

Real estate developer may purchase fuel cell company

I leave my post for a few weeks (yikes, over a month) and look what happens! The parent company of CT's Proton Energy Systems is filing for bankruptcy and selling off to a real estate developer. Proton has had its ups and downs over the last decade or so, but survived the major bubble burst of the fuel cell craze and has been chugging along ever since. They have carved out an interesting niche in the hydrogen market -- let's hope the (potential) new owners can keep things moving.

Sorry I have been absent for so long. Having one of these tends to drain any spare time you thought you had.