Intelligent Energy: A $500M Loughborough spin out company
Submitting Institution
Loughborough UniversityUnit of Assessment
ChemistrySummary Impact Type
TechnologicalResearch Subject Area(s)
Chemical Sciences: Physical Chemistry (incl. Structural)
Engineering: Chemical Engineering, Materials Engineering
Summary of the impact
Electrochemistry research in the Department of Chemistry (and associated
research in Aeronautical and Automotive Engineering) at Loughborough
University (LU) since 1993 has led directly to the development of a new
generation of clean power systems based on advanced fuel cell technology.
This resulted in the creation of a spinout company based on a
license awarded by LU: Advanced Power Sources Limited (APS) in 1995.
Intelligent Energy (IE) Limited (founded in 2001 upon the acquisition of
APS), has a global presence: a workforce of over 350 highly skilled
employees, significantly advanced technology, and investment in R&D.
Environment improvements have been achieved through introduction of
zero-emission fuel cell systems.
Underpinning research
The Fuel Cell Group at Loughborough University was formed in 1988 to
focus on research in fuel cell technology in the Department of Chemistry
in collaboration with Aeronautical and Automotive Engineering. This led to
the construction of the first 1 kW proton exchange membrane fuel cell in
1995, when the spin out company Advanced Power Sources Limited (APS) was
formed to work on the pre-commercial development of prototype fuel cells.
Intelligent Energy was formed in 2001 to acquire APS and attract private
capital investment. Initially a 25 person strong company based in
Loughborough and London offices, it secured an irrevocable, worldwide
license to exploit all of both APS's and the University group's fuel cell
related IP. Key research staff from Loughborough University were involved
in setting up both companies, including Dr Phil Mitchell and Dr Paul
Adcock. Dr Mitchell, a lecturer in the Department of Chemistry at the
beginning of the project, is now Chief Technology Officer and Executive
Director of Intelligent Energy, is an electrochemist with over 20 years of
experience in fuel cell and related fields who obtained his BSc and PhD at
Loughborough University and was a co-leader of fuel cell research at
Loughborough University. Dr Adcock is Director of Research and Technology,
heading up teams at Intelligent Energy developing PEM (proton exchange
membrane) fuel cell stacks and systems, and was also part of the Fuel Cell
Group at Loughborough University. Additionally, Jon Moore was a researcher
in the Chemistry Department during this period. He contributed to key
research findings, and is now the Communications Director for Intelligent
Energy.
The research carried out at Loughborough University contributed directly
to knowledge in the area of fuel cell development at the time. These
studies were carried out and published in the period 1997-2001. Operating
pressure has a direct effect on fuel stack efficiency since it increases
the cell potential. Research at Loughborough showed that a 33% efficiency
gain was achieved at an operating pressure of 4 bar [3.1]. Solid
polymer fuel cells are suitable sources for short duration, high power
pulses, but this requires the cell design, component materials and
membrane assemblies to be tested. Loughborough research showed that best
performance was achieved with low equivalent weight, thin membranes with
high catalyst utilization and optimized flow designs [3.2]. This
also required new techniques for the fabrication of the electrodes [3.3]
The effects of contamination of the fuel cell were assessed for common
pollutants such as carbon monoxide, sulfur monoxide, nitrogen dioxide,
hydrocarbons, as well as chemical weapons that may be present in a
battlefield environment [3.4]. At normal concentrations, little
effect was found for the first class of contaminants, but the chemical
weapons class had serious effect on performance. These studies were
carried out in the period 1995-2001. The research also discovered advanced
humidification techniques that obviate the need for external
humidification, a major saving in space and weight for the fuel cell
system package; an extremely important factor in transportation
applications in 2000.[3.5]
The papers [3.1-3.4] are in peer reviewed journals or invited
contributions and [3.5] is an international patent. This meets the
requirement that the underpinning research is at least of 2* quality. In
addition, the underpinning grant income outlined below, which led to these
papers was peer reviewed in competitive responsive mode.
Key researchers for LU contributing to this project were: Dr. Phil
Mitchell (PhD and lecturer 1980 until 1998, now Chief Technology Officer
at IE), Dr Paul Adcock (PhD and Senior Lecturer 1984 until 2001, now
Director of Research at IE), Dr. Jon Moore (PhD and Research Associate
1992 until 2001, now Communications Director at IE), Dr. Simon Foster (PhD
and Research Associate 1993 until 1995, now Technology Specialist at IE),
Dr. Chris Dudfield (PhD and Research Associate 1993 until 2001, now
Technical Director: Corporate Development at IE)
References to the research
3.1 Effect of operating pressure on the system efficiency of a
Methane-fuelled solid polymer fuel cell power source, Virji, MBV;
Adcock, PL; Mitchell, PJ; Cooley, G. Journal of Power Sources, 71
(1-2):337-347 1998. DOI:10.1016/S0378-7753(97)02764-X
3.3 Development and characterisation of a novel electrode
fabrication technique for use in solid polymer fuel cells Foster, SE;
Mitchell, PJ; Mortimer, RJ; Adcock, PL Editor(s) Attewell, A; Keily, T.
Power Sources, 15 15407-418 1995. ISBN: 0951232045. ISSN: 0743-7137
3.5 PL Adcock, PJ Mitchell, SE Foster, Electrolytic and fuel cell
arrangements, US Patent 6,040,075, Loughborough University, 2000
Research funding
EPSRC Grant GR/L60074/01; Carbonaceous bipolar plates for solid polymer
fuel cells; M. Turpin and P. Mitchell; £233K; 1998-99.
EPSRC Grant GR/K59507/01; Computer modelling of solid polymer fuel cells,
P. Adcock, P. Mitchell and J McGuirk, £218K, 1996-98.
EPSRC Grant GR/K87524/01; Low cost component design for solid polymer
fuel cells; P. Mitchell and P. Adcock, £96K, 1996-1998.
EPSRC Grant GR/H16575/01; Design and construction of a solid polymer fuel
cell based power source and associated processing unit.; P. Adcock and P.
Mitchell, £183K, 1991-1995.
Technology Strategy Board funding: Project #210008, (H2Origin); project
partners: Intelligent Energy Ltd, Prodrive, PSA Peugeot Citroën and Robert
Bosch GmbH; Technology Strategy Board investment: £1,717,600, Total
project investment: £4,090,500.
http://www.innovateuk.org/content/case-study/results/ultra-low-emission-vans-of-the-future.ashx
Details of the impact
A spin out company has been established and a new technology sector
has been created: There is a clear link between research at
Loughborough University in electrochemistry and methane and hydrogen-based
fuel cell power sources. This is evidenced through the involvement of Dr.
Phil Mitchell, a lecturer in the Department of Chemistry, in the
underpinning research and his departure from Loughborough University to
form the spinout company Advanced Power Sources Limited, and subsequently
Intelligent Energy in 2001. Dr. Jon Moore, was a researcher in the
Department of Chemistry and is now also with Intelligent Energy. Professor
Roger Mortimer is a co-author on some of the publications cited in Section
3 and is still in the Department of Chemistry. Section 3 lists supporting
evidence in the form of refereed papers, research funding (e.g. EPSRC and
TSB) and patents. Research in related areas of electrochemistry is
on-going in the Department of Chemistry (in collaboration with
Aeronautical & Automotive Engineering) at Loughborough University
(LU), funded in part by EPSRC.
Intelligent Energy (IE) has strong links to LU, commencing in the late
1980s when researchers in the Department of Chemistry collaborated with
the Department of Aeronautical and Automotive Engineering to create one of
Europe's first research and development teams working on the development
of proton exchange membrane (PEM) fuel cell technology. The UK's first
kilowatt-level PEM fuel cell stack was constructed by the Loughborough
Univeristy team in 1995, and the commercial implications of the work
became apparent. A University spin-out company was formed called Advanced
Power Sources (APS) Ltd. APS was the first company established in the UK
to specifically address the development and commercialisation of PEM fuel
cells.
With respect to the REF Impact timeline, and impact in period since 2008,
in addition to its head quarters in Loughborough and office in London and
its operation in the US, Intelligent Energy has representation in Japan
and in the emerging markets of India. It has been ranked 27th
in The Times 100 Fastest Growing Technology Companies [5.1] and 15th
in the Deloitte 2013 Fast 50 list of companies ranked by revenue growth
driven by technology innovation [5.2].
Economic Impacts: jobs created, investment raised, evidenced by
business performance measures: IE currently employs some 350
personnel [5.3] [5.4] and it is anticipated by the company that
this will rise to 400. The majority are in the UK (Loughborough), with
other bases in the US, Japan and India. In 2011/12, shareholder investment
was in excess of £100M since incorporation. It had a 269% revenue growth,
150 patents granted and 298 others pending in 76 patent families filed
around the world [5.3] [5.4]. The company was valued at $0.5B in
2012. R&D expenditure accounted for more than 30% of total turnover [5.3]
[5.4]. Strong links and collaboration exist between LU and IE on
fluid transport, fuel cell control and system integration, materials and
reliability [5.3]. The company has conducted numerous projects
with LU and fully expects such collaborative agreements to continue in the
future [5.3].
Intelligent Energy has collaborated with many high profile partners in
the development of mobile fuel cell power sources, including Peugeot
Citroën, Suzuki, Boeing, Airbus, Lotus and others. These collaborations
have led to the development of the world's first purpose-built motorbike
with a fuel cell power source, fuel cell aircraft and zero emission road
vehicles. Technology Strategy Board support for several of these
collaborations is a measure of the strategic importance of fuel cell
development to the UK.
A collaboration with PSA Peugeot Citroën (one of the world's biggest
producers of electric vehicles), Prodrive, and Robert Bosch GmbH, funded
by TSB (H2Origin project), led to the integration of fuel cell technology
in a standard Peugeot Partner electric van [5.5]. Intelligent
Energy has worked with LTI Vehicles, Lotus and TRW Conekt to develop a
zero emission fuel cell hybrid London taxi (also supported by TSB). The
first vehicle was unveiled in 2010 and a fleet of 100 vehicles were
available for the 2012 Olympics [5.6]. Collaboration with Boeing
resulted in the inaugural flight of the world's first manned fuel cell
aircraft, powered by an IE power source in 2008. [5.7]
A major collaboration with Suzuki has led to the incorporation of an IE
fuel cell power source in the world's first fuel cell motorcycle, the
Burgman Fuel-cell Scooter, which was announced at the 2009 Tokyo motor
show. The show also previewed the Tokyo Preview: Suzuki SX4-FCV Hydrogen
Fuel Cell concept car. The Burgman motor cycle was the first fuel cell
vehicle to receive Whole vehicle Type Approval in the EU in 2011 [5.8].
This has led on to the first ready to scale fuel cell production line in
Japan. [5.9]
The research from the Unit underpinned these impacts. In turn these have
had demonstrable economic impacts through the creation of a new company in
a growing business sector, employing hundreds of people and creating new
business partnerships and markets. In addition, the use of fuel cells has
an environmental impact through reduction of pollution and emissions.
Sources to corroborate the impact
The following sources of corroboration can be made available at request:
5.1 2013 Tech Track 100 league table
http://www.fasttrack.co.uk/fasttrack/leagues/tech100leaguetable.asp?siteID=3&searchName=&yr=2013&sort=num&area1=99
5.2 Deloitte2013UK Fast 50 winners
http://www.deloitte.co.uk/fast50/winners/2013-winners/index.cfm
5.3 Letter of Support from Intelligent Energy.
5.4 Intelligent Energy Annual Report 2012.
5.5 Ultra-low emission vans of the future, PSA project, joint research
with Intelligent Energy, http://www.intelligent-energy.com/automotive/case-studies/psa
5.6 Fuel Cell Black Cab prototype First Drive,
http://www.cleangreencars.co.uk/jsp/cgcmain.jsp?lnk=401&featureid=1170
London black taxi cabs to run on hydrogen by 2012 Olympics,
http://www.environmenttimes.co.uk/news_detail.aspx?news_id=668
5.7 Boeing project, joint research with Intelligent Energy, 70 kW fuel
cell system in light aircraft. http://www.wired.com/autopia/2008/04/in-an-aviation/
5.8 Suzuki Burgman project, joint research with Intelligent Energy, 1.6kW
fuel cell system in Burgman motor bike.
http://www.which.co.uk/news/2011/03/suzuki-burgman-fuel-cell-scooter-gets-approval-247213/
5.9 Intelligent Energy and Suzuki Motor Corporation Announce Completion
of Ready-to-Scale Fuel Cell Production Line in Japan, http://www.intelligent-energy.com/about-us/media-room/news/company-news/2013/02/20/intelligent-energy-and-suzuki-motor-corporation-announce-completion-of-ready-to-scale-fuel-cell-production-line-in-japan