EQT Invests in Fuel Cell Co. – Foresees Future Market for NatGas

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WATT Fuel Cell (click for larger version)

A fuel cell manufacturer located in Westmoreland County, PA, WATT Fuel Cell, disclosed yesterday it has closed on its latest round of financing. The biggest investor? EQT Corporation. WATT has added EQT CEO Toby Rice to its board of directors. According to Caine Finnerty, WATT president and chief operating officer, “This round of investment enables WATT Fuel Cell to continue our advancement and commercialization of residential fuel cells, while funding additional innovation to develop larger fuel cell units for the industrial market.” So what is a fuel cell and why is EQT so pumped about them?

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