The subject of “The research of High Capacity Metal Hydride Hydrogen Storage used for the car fuel cells” which was developed self-determination by Hold Fortune (Beijing) Industry Co., Ltd., has been obtained the fund support of “The special project fund from dummy research & development center” of Science & Technology Committee of Haidian District, now all of this fund has been reached at November 2008.

The purposes of this specialized project fund are taking the science and technology items as the carrier, confirming the supporting direction, encouraging and leading enterprise and institution to take full advantage of technology resource in the area, stepping up the capability of research and invention continuously, and further strengthening the mutual cooperation and amalgamation between the research and invention main bodies, making full use of the promoting role of science and technology to the regional economies, social and the industrial development. This fund's arriving manifests the support from the government functional departments to the specialized technique research and invention of small and Medium High-tech Enterprises. It also manifests that the leading position of material technology and research ability in the new energy has been obtained the full approval of the government department as well as the industrial production development.

The project plan which will be developed is the light Metal Hydride Hydrogen Storage. Its specific weight capacity will be enhanced 50%, and the technology will achieve the international advanced level. It will provide the optimal hydrogen source necessary plan for the fuel cell, and impel the solution of the key project technical question to fuel cell, and also promote the application of our country’s electric automobile at World Expo in Shanghai 2010. It has great significance for promoting our country’s leaping development at the automobile and related industry, reducing the environmental pollution, cultivating the environmental and protection industry, and promoting the circulation economy development, which have significant social benefit. At the same time, this project product performance is excellent, its quality is stable, and the cost is lower, so it has strong market competitiveness.