ENERGY: Dow, GM Fuel Cells in Largest Deal.

Industries In Transition, June, 2003

The Dow Chemical Company and General Motors Corp. (3044 W. Grand Blvd., Detroit, MI 48202; Tel: 313/556-5000) have reached an initial understanding on the world's largest fuel cell transaction to date: a 35 MW deal. GM expects to market 75 kW units for stationary applications by 2005. It invests more than $100 million annually in fuel cell and hydrogen infrastructure technologies.

The intention of the understanding is for GM to commercialize its hydrogen fuel cell technology to generate electricity from hydrogen created as a co-product at Dow's operations in Freeport, Texas. The 30-square-mile complex in Freeport, 65 miles east of Houston, is Dow's largest manufacturing facility.

If tests proceed according to plan, Dow could eventually use up to 35...