Monthly Archives: January 2006

Medis Technologies Ltd. Ships 200 Fuel Cell Power Packs to General Dynamics

Medis Technologies Ltd. (MDTL) announced that it has shipped 200 fuel cell Power Pack products to General Dynamics C4 Systems for testing in preparation for delivery of commercial units to its customer base. The aim of this program is to determine the products' response to a broad range of very rigorous tests relating to its ability to meet other military and civilian specifications. Medis plans to deliver an additional 100 Power Packs to its contract manufacturer Celestica in the next few weeks for a parallel testing program.

Hydrogenics Awarded Contract by Gas Natural to Deliver Hydrogen Station to Spanish Wind Farm

Hydrogenics Corp (HYGS) announced that they have been awarded a contract for over EUR 500,000 to deliver a hydrogen station to Gas Natural SDG, a Spanish-based energy services multinational with approximately ten million customers in Spain, Latin America, Italy and France (www.gasnatural.com). Gas Natural will use a Hydrogenics' HySTAT(TM)-A Hydrogen Station at the Sotavento Galicia wind farm to produce up to 60 Nm3/hr of hydrogen. The hydrogen will be used to fuel an internal combustion engine generator, which in turn will supply electricity to the electric grid.

SatCon Wins Army Hybrid Electric Vehicle Integrated Starter Generator Contract

SatCon Technology Corporation (SATC) announced that it has been awarded a Phase I SBIR contract with the U. S. Army to develop an Integrated Starter/Generator (ISG) for hybrid powertrain military vehicles. SatCon's Applied Technology division is currently developing DC/DC converters (pulse power and battery chargers), starter generators, auxiliary power units, and main generators for hybrid electric vehicles for U. S. Army advanced technology vehicles. This award expands SatCon's portfolio of vehicle power technologies with the development of an integrated starter/generator based on advanced permanent magnet machinery design concepts.

Active Power Receives 11-Megawatt UPS Order

Active Power Inc (ACPW) announced an order from Caterpillar Inc. for eleven one-megawatt flywheel UPS systems. The majority of these systems will be shipped during the current quarter and will be used to provide power protection for a large datacenter in the United States.

WorldWater & Power Corp. Signs Contract to Provide Solar Power to Quest Environmental Facility

Worldwater Corp (WWAT) announced that it has signed a $109,824 contract to build and install a solar electric power generation system for Quest Environmental & Engineering Services, headquartered in Clinton, New Jersey. The photovoltaic (PV) system will provide electricity for the company, and is expected to substantially reduce electrical usage costs for the facility.

FPL Group Beats Estimates By $0.06 and Profits Rise

FPL Group Inc (FPL) reported 2005 fourth quarter net income on a GAAP basis of $206 million, or $0.53 per share, compared with $173 million, or $0.47 per share, in the fourth quarter of 2004. FPL Group's net income for the fourth quarter 2005 included a net unrealized after-tax gain of $27 million associated with the mark-to-market effect of non-qualifying hedges. The results of last year's fourth quarter included a net unrealized after-tax loss of $2 million associated with the mark-to-market effect of non-qualifying hedges. Excluding the mark-to-market effect of non-qualifying hedges, FPL Group's earnings would have been...

The Top 25 Purchasers of Renewable Energy and Their Suppliers

The Energy Stock Blog points to the U.S. Environmental Protection Agency list of the current top 25 purchasers of renewable energy, and their suppliers. From the release: Top 25 Partners are Partners whose annual green power purchase is the largest, and whose green power purchase has been completed. Their actions are helping drive the development of new renewable energy sources for electricity generation. Combined, their purchases amount to 3.3 million megawatt-hours (MWh) annually, which is approximately 75 percent of the green power commitments made by all Partners. These Top 25 Partners provide an example to their peers,...

SunPower Narrows 4Q Loss, Shares Jump

SunPower Corp. (SPWR) announced that revenue for the fourth quarter ended December 31, 2005, was $29.3 million, up 34% from the prior quarter's revenue of $21.9 million and up 523% from the year-ago fourth quarter combined(1) revenue of $4.7 million. The Company's fiscal 2005 revenue was $78.7 million. These 4th quarter earnings have narrowed the companies losses and they expect significant quarter-on-quarter top line revenue increases to between $38 - $40 million. The stock gapped up 8% this morning on the news and is starting to give back most of these gains. It is currently trading...

Maxwell Technologies Provides Ultracapacitors for General Hydrogen

Maxwell Technologies (MXWL) announced that General Hydrogen Corporation, a leading developer of hydrogen fuel cell-based power systems for electric forklifts, has placed a 200,000 unit, three-year, purchase order for BOOSTCAP® ultracapacitors to enhance performance and energy management in its Hydricity® Pack technology. The purchase order is part of a strategic supply agreement through which General Hydrogen will source ultracapacitors exclusively from Maxwell and receive strategic pricing if volume thresholds specified in the purchase order are reached.

Quantum Delivers First Vehicles of Hydrogen Hybrid Fleet to Santa Ana

Quantum Fuel Systems Technologies Worldwide Inc (QTWW) announced the delivery of five hydrogen-fueled Toyota Prius hybrid vehicles to the City of Santa Ana, California. This is part of a larger South Coast Air Quality Management District (AQMD) program to develop and demonstrate 30 hydrogen hybrid vehicles to fleets in Southern California. The formal delivery took place during a ceremony held today at the City of Santa Ana's vehicle fleet yard. In March 2004, the AQMD awarded Quantum a contract to engineer a state-of-the-art OEM caliber hydrogen fuel system, perform accelerated long-term durability testing, including crash testing. The complete...

Penn State Titania Nanotube Arrays Harness Solar Energy

Penn State researchers are finding new ways to harness the power of the sun using highly-ordered arrays of titania nanotubes for hydrogen production and increased solar cell efficiency.

Ormat Technologies Inc. Signs Power Purchase Agreement With Puget Sound Energy for Supply of...

Ormat Technologies (ORA) has entered into a 20-year power purchase agreement with Puget Sound Energy Inc. for the supply of power from a Recovered Energy Generation System (REGS), which will be located adjacent to the Sumas Compressor Station of Northwest Pipeline Inc. (NWP) in Sumas, Washington State. The REGS will be owned by Orsumas and will use recovered waste heat from three NWP existing gas turbines driving compressors at the station, as well as interconnect to Puget Sound Energy's transmission grid. The facility will employ an ORMAT ® Energy Converter (OEC) and will have a design capacity of...

DynaMotive Signs Licensing Agreement for Ukraine and Baltic States

DynaMotive Energy Systems Corp. (DYMTF) announced that it has granted a master license to Rika Ltd., a company that has extensive operations in Latvia and Ukraine. Under the Agreement, Rika has agreed to market DynaMotive's technology as well as develop and operate facilities in the territories. Two projects are initially targeted for development. Rika Ltd. and DynaMotive have further agreed to scope the feasibility of bio energy crops in Ukraine, where Rika has leased 25,000 hectares of farm land. The companies are considering the allocation of 10,000 hectares for growth of biomass for BioOil production. Once in production,...

FuelCell Energy Announces Sale of Its First 1MW Power Plant for Sharp Electronics

Fuelcell Energy Inc (FCEL) announced that its Asian distributor, Marubeni Corporation, has sold a one megawatt (MW) Direct FuelCell® (DFC®) power plant to provide electric power and high-quality heat for a Sharp Corp. production facility in Japan that manufactures advanced flat-screen TVs. The DFC power plant will provide Sharp's Kameyama manufacturing facility with a portion of its base load electricity needs and supply heat byproduct for air conditioning by means of absorption chilling. This sale represents the first international installation of Fuel Cells megawatt sized products and the partnership with Marubeni has become a critical asset...

Capstone Products Receive GSA Schedule Listing

Capstone Turbine Corp (CPTC) announced that Capstone-branded products have been approved by the General Services Administration (GSA) and are now on the GSA Schedule. "As a result of our continuing efforts to place Capstone MicroTurbine® products into large market potentials, we have now created an avenue for the sale of Capstone-branded microturbine products to the U.S. government," said Capstone CEO John R. Tucker. "We are very pleased to receive this GSA approval and recognize the importance of being qualified as a GSA Schedule supplier. We have proactively taken this step, and created this opportunity, to provide Capstone products...

Tyler’s Elk Conference Call Notes

Tyler at Clean Break was able to listen in on the Elk Corp (ELK) earnings conference call this morning. Elk has had a multiple year partnership with ATS Automation (ATA.TO) solar division Spheral Solar. The two companies have been planning a commercial release of solar-integrated roofing and building material products. Elk Roofing chairman and CEO Tom Karol, responding to questions from MacMurray Whale from Sprott Securities, said the Spheral Solar roofing product is still in alpha testing but the company hopes to move into beta testing i.e. put it on real rooftops in the marketplace in...