Jan 25 2011
Ratan Tata, the chairman of Tata Sons, and named as one among the 100 influential peoples by Time Magazine in 2008 and a bachelor degree holder from Cornell University of the UK, is said to have invested around $15 million in a research continued by Massachusetts Institute of Technology to make use of the hydrogen generated from water to fuel the cars.
Daniel Nocera, a professor at MIT, presently performs the research. The money will be diverted by the professor towards his Cambridge headquartered startup company, Sun Catalytix, for research purposes. The company has developed a unique device that exploits rays of the sun to divide the oxygen and hydrogen molecules in the water and store them in a fuel cell to generate electric power. TATA who is on the look out of producing ecological friendly and fuel efficient cars from its group is supporting the research of Nocera to use it for its benefit.
TATA group currently operates in business segments such as engineering, energy, communication technology and information technology, materials, chemicals and consumer products.
Source: http://www.tata.com/