The two companies are looking to exploit mutual synergies in the field of fuel cells for electric vehicles.

Intelligent Energy’s proprietary fuel cell power technology platforms will be the initial focus of the collaboration with each partner regarding the other as a preferred supplier.

Ricardo chief operating officer Mark Garrett highlighted the company’s engagement in the hybrid electric and fuel cell electric vehicleprograms.

"Having worked successfully with Intelligent Energy on many previous projects, we look forward to even closer collaboration where this meets the requirements of our respective customers.

"While we will each continue to work independently, I believe that the combination of Ricardo and Intelligent Energy’s capabilities will provide an extremely attractive option for fuel cell electric vehicle customers looking to develop production orientated solutions," said Garrett.

Intelligent Energy automotive division managing director James Batchelor added, "We look forward to combining our technology development and fuel cell systems integration expertise with Ricardo’s world class product innovation, engineering solutions, clean technology and strategic consulting capabilities."