Hydrogenics Receives $3.3 Million Order for On-site Hydrogen Generation Plant from Major Energy Company

Hydrogenics Corp (HYGS) announced it was awarded a contract, valued at approximately $3.3 million, to supply a HySTAT(TM)-A Hydrogen Plant to a major North American oil and gas refinery for installation in 2007. The high purity hydrogen generated by the HySTAT-A Hydrogen Plant will be used by the refinery to reduce the sulfur content in diesel fuel in compliance with EPA regulations.

Hidden Gems? Why Green Investors Should Look at Daewoo Shipbuilding and Ener1

Part 2 of 2 Bill Paul Neither Daewoo Shipbuilding & Marine Engineering Co. Ltd., which trades OTC under the symbol DWOTF, nor Ener1 Inc., which trades on NASDAQ under the symbol HEV, is an obvious candidate for having hidden potential. Heck, Daewoo isn’t even a green energy stock. Or is it? Lost in the hubbub of Copenhagen and Congress, there’s been important news about both these companies that strongly suggests – at least to me – that each has plenty of undiscovered potential that will really start paying off over the next 18 to 24...

A Contrarian’s Take On Goldman’s Advanced Battery Report

John Petersen On Wednesday a reader sent me a new Goldman Sachs research report on the advanced battery sector titled "Advanced Batteries: Light, but the tunnel is long; Buy ENS, HEV Neutral, AONE Neutral." If the essence of legal argument is "the plausible boldly asserted," then I'd suggest that the essence of sell-side analysis must be "the implausible accepted without question." While I agree with Goldman's conclusions that Enersys (ENS) is a bargain at the current price and caution is best when it comes to A123 Systems (AONE) and Ener1 (HEV), I have major problems with their assumptions...

Understanding the Development Path for Li-ion Battery Technologies

Last Tuesday a reader who works as a consultant in the energy storage and hybrid electric vehicles industries and sent me an unpublished "pre-decisional draft" of a DOE report titled National Battery Collaborative (NBC) Roadmap, December 9, 2009, a high-level policy analysis that discusses the merits, risks and expected costs of an aggressive eight-year initiative to foster the development and facilitate the commercialization of Li-ion batteries. The draft roadmap was written during the last days of the Bush administration, has since been partially implemented in the American Reinvestment and Recovery Act of 2009 and has never been officially released...

Ener1 And Delphi Sign LOI To Form Lithium Battery Joint Venture

ENER1 INC (ENEI) and Delphi Corp. (DPH), today entered into a non-binding letter of intent to create a joint venture to leverage their combined expertise in lithium batteries. Delphi and Ener1 will be negotiating definitive agreements and conducting due diligence in the coming weeks. "The combination of Ener1's vapor deposition process and its nanotechnology for production of high-rate, low-cost lithium batteries with Delphi-developed high energy capacity technology would allow the venture to have a key advantage in penetrating its target lithium battery markets," — Kevin Fitzgerald, Ener1's CEO. ENEI is up over 14% on this news...

Solar Storage Dream Becomes Reality

By Jeff Siegel While the solar industry continues to heat up, I maintain that one of the best plays in the space is SunEdison (NYSE: SUNE). This is an aggressive operation, run by incredibly smart people. The company is well-capitalized, fairly liquid, and well-diversified in the energy space, boasting both a top-notch, vertically-integrated solar operation, and a basket of healthy wind assets, too. The company is also now advancing on energy storage – the final obstacle to the creative destruction necessary to alleviate the world's reliance on fossil fuels. In a press release this morning, SunEdison made the following...

Are Energy Storage Investors Chasing Their Tails?

John Petersen I didn't learn about normal bell shaped curves in kindergarten but I developed a pretty solid understanding of the concept by the second or third grade because at report-card time A's were worth a quarter, B's were worth a dime and C's had no value at all. By the time I reached college I was chasing the right hand tail of the bell curve on my own initiative. Law school and the competitive nature of my profession merely pushed my drive for the right hand tail up a notch. Old habits die hard, so I...

DOE Reports That Lithium-ion Batteries Are Not Ready for Prime Time

by John Petersen Last month the DOE released its 2008 Annual Progress Report for the Energy Storage Research and Development Vehicle Technologies Program. This report is a frank and relatively upbeat assessment of the current status of Li-ion battery research and development that also provides a stark wake-up call for investors in energy storage stocks. The reality check has been done and the DOE’s verdict is clear: Lithium-ion batteries are not ready for prime time. In its description of ongoing research efforts to develop high-power batteries for HEVs, the DOE said: “High-power energy storage devices...

Energy Storage: Q-2 2012 Review and Analysis

John Petersen While I jumped the gun last week and published my third quarter outlook for the energy storage and vehicle electrification sectors early, it's worthwhile to take a look back and see how my tracking list of companies performed over the last quarter and examine the past to see what the tea leaves in the bottom of the cup portend for the coming quarter. So without further delay I'll present my price performance table for the second quarter that ended on Friday. Q-2 was a dreadful quarter for Maxwell Technologies (MXWL) and ZBB Energy...

Why Long Range EVs Can Never Be Cost Effective

by John Petersen America’s love affair with the automobile has always been based on the freedom of the road and the ability to hop in the car and drive wherever we want to go; be it to the corner store to buy a loaf of bread or out to the lake for a long weekend. Even though most of our trips are short, people invariably want the flexibility to go for a long drive when the open road beckons. Unfortunately, that mentality is disastrous when it comes to EV economics. I’ve been writing about energy...

Another Reality Check for EV Investors

John Petersen Earlier this month Deloitte Touche Tohmatsu Limited’s Global Manufacturing Industry group rained all over the plug-in vehicle parade when they published the results of a survey of over 13,000 individuals in 17 countries that concluded: "The reality is that when consumers actual expectations for range, charge time, and purchase price (in every country around the world included in this study) are compared to the actual market offerings available today, no more than 2 to 4 percent of the population in any country would have their expectations met today based on a data analysis...

Axion Power and BMW Report Impressive Performance Test Results

John Petersen After seven years of cautious disclosures about the development status, performance and market potential of its serially patented PbC® battery technology, Axion Power International (AXPW.OB), in conjunction with BMW (BAMXY.PK), has finally released impressive performance test results that show why the PbC battery is a superior choice for automotive stop-start applications. Concurrently, Axion released a white paper that discusses stop-start battery requirements in detail and offers some hints about the PbC battery's potential for use in other emerging energy storage markets. The presentation and the white paper do not show small, incremental gains like you...

BCON up over 147% today

Beacon Power Corp (BCON) was up over 147% at the close today. This move was primarily based on two project wins. One with the New York State Energy Research and Development Authority and the other with the California Energy Commission. The projects would have Beacon Power provide grid frequency regulation and reactive power by utilizing its flywheel energy storage system. The final terms and conditions of the projects have not been disclosed.

A Tale of Two Battery Companies

John Petersen The last few weeks have offered a fascinating object lesson for believers in Benjamin Graham's theory that "In the short run the market acts like a voting machine, but in the long run it acts like a weighing machine." Since January 4th I've watched in awe as Exide Technologies (XIDE) lost roughly 30% of its market value and Ener1 (HEV) lost closer to 40%. The difference is that Exide took a voting machine beat down because it lost a well-known but financially immaterial customer while Ener1 seems to be caught in the early stages of a...

Li-ion Motors and Frito Lay Ink Deal

Li-ion Motors. (HYBT) has inked a deal with Frito Lay to provide Hybrid Technologies' Lithium vehicles as part of their fleet sales program. Frito Lay has agreed to purchase and take delivery of the Lithium Mini Cooper model as well as the Daimler Chrysler Smart Car Lithium version. The first deliveries are scheduled for the first quarter of 2006. These vehicles will be part of Frito Lay's Hybrid fleet and the corporation's commitment to "green philosophy" as well as its well known philosophy of working with the latest in American technology. You would have thought that...

NY Working Hard to Catch Up with CA’s Energy Storage Requirements

Bill Radvak Battery storage is gaining more and more traction in the distributed energy resources community.  Last fall, California passed the first statewide energy storage directive in the United States. Issued by the California Public Utilities Commission (CPUC), the mandate requires all investor-owned utilities in the state including Southern California Edison, Pacific Gas & Electric and San Diego Gas & Electric, to jointly purchase “1325 megawatts of energy storage” by 2020. “The proposed targets increase between 30% and 55% every two years, creating economic incentives for multiple players with various technologies to enter the market reports Energy...