Horizon wants to power every home with fuel cells

We just love hearing stories of regional startups that’ve made it big internationally. Southeast Asian companies like Charles & Keith, Banyan Tree Holdings and 77th Street have held the limelight in recent years and are still going strong.

Horizon Fuel Cell Technologies, a Singapore company dealing with ultra-light and low-cost energy storage solutions, is right up there with the best of them.

Making hydrogen fuel cells, which are essentially long lasting power generators that generate electricity from gas, has been a global challenge for decades now and this was where Horizon decided to step in and make fuel cell their main focus.

That was in 2004. Eight years on, they are now the world’s largest producers of micro-fuel cells in consumer and industrial applications. It has successfully brought a wide range of products out into the market, with sales spanning 65 countries in total.

We spoke to Taras Wankewycz, Executive Director and one of the co-founders of this green technology company, on its success formula and what it takes to be on top of their game. Read more

Singapore’s EDBI Leads Finland’s Silecs Series E Round

Singapore’s EDBI (EDB Investments) has invested in Silecs International, a venture-backed developer and manufacturer of advanced Siloxane polymers that is based in Finland, as the part of Silecs’ new USD 16M (SGD 19.6M) Series E financing round. Read more