A spin-out from the Center for Solid Oxide Fuel Cell Technology, Versa Power Systems is a developer of solid oxide fuel cells (SOFC). The company is working to bring SOFC power plants to market for a broad range of applications. VPS will dramatically change electricity generation by using hydrogen and hydrocarbon fuels located near where the electric power is used.

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Company News

Versa Power Systems (VPS), based in Littleton, Colorado and Calgary, Alberta, is developing solid oxide fuel cell (SOFC) technology. VPS was founded in 2001 as a joint venture between the Gas Technology Institute, Electric Power Research Institute, Materials and Systems Research, Inc., and University of Utah. Fuel Cell Energy has since acquired an equity position in VPS, transfering to VPS the former solid oxide fuel cell development team and assets of Global Thermoelectric Inc.

Versa Power Systems is developing advanced SOFC cells, stacks and power plants for various stationary and mobile applications. The company is currently focused on pre-commercial development of its SOFC technology with 2 kW – 10 kW prototype systems for field trial demonstrations.

In 2005 the company had 45 employees with average salaries of $70,000. Revenues exceeded $5.5 million in 2005.

Highlights

• Versa Power Systems has built and operated multiple 2-kW systems and accumulated over 30,000 operating hours, recently achieving a net fuel to AC power efficiency of 35% on natual gas.
• VPS works in collaboration with Fuel Cell Energy of Danbury, CT and Cummins corporation

• SOFC cells, stacks and power plants for stationary and mobile applications
• Currently developing pre-commercial, 2 kW to 10 kW prototype systems for field trial demonstrations

• 45 full time employees with average salary of $70,000
• 2005 revenues $5.5M