Consent of Independent Auditors


We  consent  to the  incorporation  by  reference  in  the  Amendment  No.  2 to
Registration  Statement (Form S-3 No. 333-45847) of Ionic Fuel Technology,  Inc.
and in the related  Prospectus of our report dated August 28, 1998, with respect
to the consolidated  financial statements and schedule of Ionic Fuel Technology,
Inc.  included  in this  Annual  Report  (Form 10-K) for the year ended June 30,
1998.



                                         /s/ ERNST & YOUNG LLP


Stamford, Connecticut
September 28, 1998