Overview and Background
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.
Mission
To develop and commercialize cost-effective, environmentally-friendly
and energy-efficient solid oxide fuel cell power generation solutions.
Vision
The owners and employees of Versa Power Systems seek to leverage their
knowledge and expertise in fuel cells to create the world’s leading
company in the development and commercialization of solid oxide fuel cell
power generation systems for residential, commercial, industrial and government
applications. The company will apply its core values to build and maintain
a sustainable competitive advantage and achieve an attractive return for
all stakeholders.
Core Values
- People – fostering a team environment that promotes risk-taking,
personal and professional growth while demonstrating trust, respect and
fair treatment for all.
- Integrity – behaving ethically in our social and environmental
responsibilities to our employees, customers, suppliers, shareholders and
larger community.
- Innovation – developing and applying creative market driven solutions
to power generation challenges.
- Customer Focus – building successful relationships by listening,
understanding and proactively meeting and/or exceeding the needs of our
customers.
- Performance – developing, executing and being accountable
for plans that meet and/or exceed our financial, professional and personal
objectives.
