Volvo will reportedly go full blast with its fuel cell technology drive, which if successful, will create more jobs. Swedish Energy Agency and the Volvo Group are investing SEK 200 M in Volvo’s development of fuel cells. The investment will create around 100 new positions in the Gothenburg region within the next three years.

In the autumn of 2009, Powercell Sweden will need to hire around 60 people in an entirely new plant in the Gothenburg region. Per Wassén, who is Investment Director at Volvo Technology Transfer and chairman of Powercell Sweden AB, foresees that the company will create around 100 new jobs within the next three years.

With the growing need for alternative energy and fuel for various means but largely for vehicles, fuel cell technology can truly be a big help towards the efforts of local motorists and car companies. A fuel cell resembles a small battery. It is charged with hydrogen gas and converts this into electricity, water and carbon dioxide through a chemical reaction.

The areas of use can be power supply units for households, trucks, boats, radio masts in remote locations and electric hybrid vehicles. Compared with normal diesel or gas-powered engines, fuel cells produce significantly less carbon dioxide and no emissions at all of particulates and nitrogen oxides. In addition, they are more efficient, smaller and lighter.

This is not affiliated with Keetsa.

(Source) Press