INTERVIEW-UK fuel cell firm raises $11 mln in sale of stake

* Fund-raising values company at 200 million pounds

* Aims to demonstrate manufacturing, crack autos market

LONDON, April 14 (Reuters) - UK-based hydrogen fuel cell company Intelligent Energy has raised 7 million pounds ($11.4 million) to develop manufacturing lines, an executive told Reuters on Thursday.

The sale of a 3 percent stake brings the company's fund-raising to 100 million pounds and values it at twice that, in a deal to be announced later on Thursday.

Fuel cell technology is known as a perennial under-achiever as high costs have hampered its potential for clean, efficient power generation and relegated it to a back-up power provider.

Intelligent Energy says it has cut costs by engineering a less bulky product and is now focusing on developing production-line processes to try and compete with conventional car engines.

"We've basically got there. We're not having to invent anything. This is now putting it into manufacturing," said the company's head of fund-raising, Mark Lawson-Statham.

"We'll be putting in the first lines, the first manufacturing, to demonstrate how they'll be made."