May 17, 2005

NextEnergy turns on the juice

Tom Walsh wrote that NextEnergy, a tenant of WSU's Research and Technology Park, has completed a new headquarters and labs in Detroit. NextEnergy signed two new tenants. NextEnergy CEO James Croce expects to sign tenants for all seven of the center\'s labs by September, employing 60 people. \"One of my concerns was not to have a white elephant here,\" said Croce, a former DTE Energy vice president who heads NextEnergy. \"The idea is not to have the NextEnergy staff grow, but for us to grow businesses here.\" The first two businesses locating in the NextEnergy labs are Titan Energy Development of Minneapolis and Ferndale's REB Research and Consulting, which won a $2.3-million U.S. Defense Department grant for work on hydrogen-powered fuel cells.

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