ATHENS, Greece, April 10, 2012 /PRNewswire/ --
Provides Energy Independence at Home and Business
"GreenGen NG-5 is a natural evolution of our existing hydrogen fuel cell power generation system" said George Lagios, Chairman and CEO of Tropical. "Our goal is to offer to our clients a "green", emission-free solution that will provide them with energy independence and will take advantage of the constantly growing natural gas infrastructure and distribution directly to the home and business".
"With the GreenGen NG-5, Tropical shows confidence in the prospects of distributed power systems and determination in leading the emerging market. As governments experience an increasing pressure to shift resources towards cleaner, emission-free energy solutions, we expect to see a synchronized significant shift of European state support in the next few years. As a result, Tropical is found before a significant market opportunity" said George Kaplanis, Tropical's Director of Products.
Fuel cell applications have been under development for well over a decade now but the cost and market perception prohibited their widespread adoption. Over the past few years we are seeing costs decline as well as criticism of distributed fuel cell power systems. According to a recent study by Pike Research, the stationary fuel-cell sector is becoming the trail blazer for the entire fuel cell industry, experiencing a compound annual growth rate (CAGR) of 27% between 2008 and 2010 with annual unit shipments soon expected to be in the order of tens of thousands.
Today, Tropical's Fuel Cell Power Systems product portfolio consists of hydrogen, methanol, propane, natural gas powered solutions for both stationary and portable applications in the range of 100W to 20kW. Tropical has also been the first European company to deploy Hydrogen Fuel Cells to power electric cars, scooters and boats, while currently it is working on fuel cell deployment for minibuses.
About TROPICAL S.A.
Tropical S.A. is a developer of distributed power generation products and solutions. The company designs, manufactures and sells a broad range of Hydrogen & Fuel Cell Technology solutions for residential, commercial, institutional, fixed and portable applications. Its product portfolio includes Fuel Cell Power Systems, Electric & Fuel Cell Vehicles and Commercial Vehicle A/C & Refrigeration Systems. A longtime leader of the A/C & Refrigeration Systems market with its innovative Inverter Technology, over the past decade Tropical has made significant investments in the development of fuel cell technologies. For more information about the company and products, you may visit http://www.tropical.gr.
George Kaplanis (Products& Engineering), gkaplanis [@] tropical.gr
Konstantinos Giantsios (Business Development), kgiant [@] tropical.gr
SOURCE Tropical S.A.