Startup Oorja Protonics has dodged some of the traditional barriers to fuel cell vehicles, at least with forklifts. In the future, its hybrid approach could be used on cars and trucks, too.
The Fremont, Calif.-based company is in the process of raising funding from corporate partners to ramp up production of its product. The venture-backed company is also profitable, something that few other fuel cell companies can claim.
Rather than use hydrogen as a fuel, Oorja Protonics converts the liquid fuel methanol into electricity in fuel cells. And its onboard fuel cells are designed only to provide a trickle … Read more