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The  majority of shares of PowerAvenue Corporation were purchased by  Navigators International Management Co Limited on March 9, 2007 from the Principal of the company, Dr. Rocco Guarnaccia, for which payment was  fully made and accepted as of March 17, 2010.

PowerAvenue Corp focuses in mass producing proton exchange membrane fuel cells, or  PEMFCs for stationary and mobile applications. These hydrogen fuel  cells, which have no moving parts, provide reliable, clean, quiet power, with an efficiency of 40-50%, while producing no harmful emissions.

They also are involved in developing novel, efficient methods for producing  and distributing hydrogen, the primary fuel in these cells. They have  devised a method of turning sand into a silicon, which when combined  with water produces hydrogen from the water. The marvel here is that the silicon acts as the energy carrier, to be combined locally with water,  to then create the hydrogen at the point of use. At the end of the day,  15 kg of sand yields 1 kg of hydrogen. The oxidized silicon can be  recycled through a renewable energy source, to be used again as a carrier.

Their cell systems operate at low pressure and temperatures, have a high  power-to-weight ratio, and are reliable and efficient. Combined with the portable energy solution provided by their silicon, their systems are  thus able to provide decentralized, modular, point-of-use power.