- Business
- Millennium Cell, Inc. (MCELQ) develops hydrogen storage technology and hydrogen batteries primarily for portable electronic devices targeting military, medical, industrial, and consumer markets; its hydrogen batteries integrate fuel cells with proprietary storage systems using fuel blends such as water, sodium borohydride, and other chemicals, producing hydrogen that converts to electricity via fuel cells; the company licenses its hydrogen cartridge technology and designs to fuel cell system developers and pursues partnerships with corporate and government entities. Founded in 1998 and headquartered in Eatontown, New Jersey, it operates in the alternative energy sector with a focus on hydrogen fuel systems. Millennium Cell maintains strategic relationships including a commercialization alliance with The Dow Chemical Company for military and consumer electronics applications and a joint development and licensing agreement with Horizon Fuel Cells Plc; it is currently in liquidation proceedings.