Monthly Archives: December 2004

Happy Holidays

AltEnergyStocks.com is taking a holiday vacation and will resume posting the first week of January. I wish you a safe and happy holiday.

2005 U.S. Energy Department Budget Provides for $2 Million for Continuation of Development of...

Electro Energy Inc (EEEI) announced that the Fiscal Year 2005 budget for the U.S. Department of Energy, signed earlier this month by President George Bush, provides $2 million for the continued development of bipolar nickel- metal hydride batteries for energy storage applications. "The funding provided by the U.S. Congress in the 2005 DOE budget will allow us to continue the development of batteries for utility energy storage applications, including power regulation, and bulk energy storage..." stated Martin Klein, Electro Energy's CEO. "This source of funds is a significant complement to the funds we have raised in our recent...

Plug Power Receives Contract to Provide Hydrogen at DTE Power Plant

Plug Power Inc (PLUG) announced today a contract award to provide on-site hydrogen generation to The Detroit Edison Company's Saint Clair Power Plant. The hydrogen will be used to provide cooling to six generator units currently in operation at the Saint Clair facility. Under the terms of the contract, Plug Power will install a GenSite(TM) hydrogen generator at the St. Clair Power Plant located in East China, Michigan. The GenSite system has already been shipped to the Saint Clair facility and is expected to be fully operational early next year. The Plant is located on 1,700 acres south...

RCAI Expands Customer Base Through the Sale of BioDiesel Fuel Oil

Reclamation Consulting and Applications Inc (RCAA) announced that it has initiated an aggressive marketing program for the sale of BioDiesel fuel oil manufactured by Topia Energy. Topia Energy has developed a unique BioDiesel blending process, and is Certified: BioDiesel Driven(TM). In order to earn the right to call their fuel Certified: BioDiesel Driven(TM), Topia must subject their product to rigorous and consistent long-term testing. BioDiesel Driven(TM) is a mark of quality that BioDiesel users trust to meet the most rigorous standards in the world.

Alternative Energy Gets Real

BusinessWeek has written an article about the investment opportunities available int he Alternative Energy marketplace. Renewable energy is booming. The use of solar power has been growing by more than 30% a year and, except for a hiccup in 2004 when Congress delayed renewing a tax credit so has wind power. Ethanol is heading for record production levels. And there's no end in sight, given high oil and gas prices, an increasing number of government mandates and incentives, and the first real steps toward tackling global warming. Clean Edge Inc., a research and strategy consultant, predicts...

Nevada Geothermal Power Inc.: Blue Mountain Drilling Results DB-2 Test Indicate Potential Shallow Geothermal...

Nevada Geothermal Power Inc. (NGLPF) is pleased to report on recent flow and injection testing of Deep Blue No.2 (DB-2) which penetrated the upper reaches of the geothermal resource, and an eight-hole temperature gradient drilling program at the Blue Mountain project in Nevada. The program has provided positive information on production capability of the inferred resource and expanded the known extent of the thermal anomaly.

ZAP Announces Orders of $4.98 Million for SMART Car

ZAP (ZAPZ) announced it has received a second 100-unit wholesale purchase order for the SMART Car, bringing the total in wholesale fleet orders in hand to $4.98 million. ZAP is in discussion with a number of government and corporate fleets as well as automotive wholesale dealers for purchase orders of 100 or more cars by December 31, 2004. ZAP unveiled the SMART Car to U.S. consumers in November at the San Francisco International Auto Show, announcing that the U.S. Environmental Protection Agency has issued a Letter of Conformity. This regulatory approval clears the way for ZAP to begin...

Northern Power Systems to Supply Remote Power Systems in Alaska

Northern Power Systems, a subsidiary of Distributed Energy Systems Corp (DESC) has been awarded an approximately $800,000 contract for eight hybrid TelePower(TM) remote power systems. The 48VDC systems will supply power for a critical U.S. military application in Alaska. Each of the eight Northern TelePower systems will generate power through a combination of renewable sources consisting of a photovoltaic (PV) array with a single wind turbine and a pair of Thermo Electric generators to be used when the renewable sources are not adequate. The systems are designed to reliably operate year round in the harsh Alaskan environment, particularly...

Millennium Cell Awarded GSA Federal Supply Schedule Contract

Millennium Cell Inc (MCEL) announced today it has received a U.S. General Services Administration ("GSA") Federal Supply Schedule contract. This contract gives U.S. Federal agencies, including the Department of Defense, as well as state and local government agencies the ability to purchase Millennium Cell's products and related services in a streamlined manner at negotiated rates. This is important news for this company. The government now has a direct purchase pipeline to MCEL's products and services. The stock is up over 27% this morning on this news. I'm also back to break even on this stock, so...

DaimlerChrysler and Ford to Invest CDN $55 Million in Ballard Power Systems

Ballard Power (BLDP) announced it has exercised its right to call a CDN $55 million investment from its Vehicular Alliance partners, DaimlerChrysler AG and Ford Motor Company, pursuant to a Call Agreement entered into by the parties on December 31, 2003. DaimlerChrysler will purchase 2,431,388 common shares of Ballard at CDN $12.34 per share, for an aggregate purchase price of CDN $30 million. Ford will purchase 2,026,157 common shares of Ballard at CDN $12.34 per share, for an aggregate purchase price of CDN $25 million. Under the Memorandum of Understanding between the parties dated July 8, 2004, if Ballard...

FPL Group Scores Highest in U.S., Second Globally in Report on Clean, Efficient Energy

FPL Group Inc (FPL) scored the highest ranking in the U.S. and second globally in a World Wildlife Fund (WWF) report that analyzed 72 of the world's leading power companies reviewing current use of available technologies to reduce C02 emissions, as well as clear commitments made for future improvements. The new report said FPL is a bright spot in the U.S. rankings. The WWF says FPL Group scored high due to leadership in developing wind energy and a commitment to dramatically improving power plant efficiency.

Manhattan Scientifics Receives Important Fuel Cell Patent

Manhattan Scientifics Inc (MHTX) has been issued U.S. Patent No. 6,808,834 Koschany Fuel Cell Stack With Cooling Fins and Use of Expanded Graphite in Fuel Cells. Invented by Dr. Arthur Koschany, the NovArs fuel cell has been successfully demonstrated in a number of prototype pre-commercial situations. Smaller than a brick and weighing less than two pounds, the hydrogen-powered NovArs fuel cell is intended to power a bicycle or a motor scooter for several hundred miles without having to refuel depending on type of use, weight of rider, road conditions and the size of the fuel tank. Manhattan's...

Astris Energi Doubles Golf Car Power With New E7 Alkaline Fuel Cell Generator

Astris Energi Inc. (ASRNF) announced today that it had completed work on Freedom II, its second-generation golf car. The new, faster golf car is powered by Astris' recently completed 1.8kW, Model E7 AFC Generator, which gives Freedom II double the power and double the acceleration of the original model which was the world's first alkaline fuel cell powered golf car using hydrogen. You may wonder who cares about fuel cell golf carts? Well this technology can be applied to other industrial uses like fork lifts, electric wheel chairs, and other electric powered vehicles.

MIT, Columbia Begin New Energy Experiment: Half-ton Levitating Ring Is Key To Work

MIT and Columbia University students and researchers have begun operation of a novel experiment that confines high-temperature ionized gas, called plasma, using the strong magnetic fields from a half-ton superconducting ring inside a huge vessel reminiscent of a spaceship. The experiment, the first of its kind, will test whether nature's way of confining high-temperature gas might lead to a new source of energy for the world.

Active Power Ships First CleanSource XR Unit

Active Power Inc (ACPW) announced the shipment of its first CleanSource® XR evaluation unit to one of the largest producers of electricity in the United States. The CleanSource XR unit will be tested under a variety of conditions for both backup power and load-shifting applications. CleanSource XR stores energy in the form of heat and compressed air. When power is needed, the compressed air is routed through a thermal storage unit to acquire heat energy. The heated air spins a simple turbine-alternator to produce 5 to 85 kW of electric power for up to several hours. Unlike commonly...

ZAP Signs Exclusive Fuel Cell Distribution Agreement With Anuvu

ZAP (ZAPZ) announced that it has signed a purchase order with privately held Anuvu Incorporated of Sacramento, California for its patented Power-X(TM) hydrogen fuel cell engine systems. "I believe that this is the largest order ever for PEM fuel cell engines," said Anuvu National Sales Director Craig Newhouse, PhD. "We look forward to working with ZAP to make reasonably priced zero emission fuel cell powered vehicles available for both consumers and fleet buyers."