Shares in Active Power Purchased

I currently don't have time to do a complete writeup on this stock, but wanted to let everyone know that I purchased shares in Active Power Inc (ACPW) this afternoon for both my personal portfolio and the mutual fund. The average price was at $3.77. I will updated this post later this afternoon with more details. Updated at 10:00 PM As I mentioned above I purchased shares in Active Power Inc (ACPW) this afternoon for both the mutual fund and my personal portfolio. Active Power designs and sells battery-free uninterruptible power supply (UPS) systems....

Fool.com comments on ENER

The Motley Fool finally had something good to say about an alternative energy stock. It just so happens to be for one I purchased earlier this morning. Don't look now, but Energy Conversion Devices might just prove to be that rare bird an alternative energy play with actual products and a reasonable chance of living up to lofty investor expectations. ... It would appear to me that hybrid vehicle batteries are the biggest near-term opportunity. Although the company didn't specify the customers, it has acknowledged receiving production orders for battery packs. They say that...

Shares in Energy Conversion Devices Purchased

Energy Conversion Devices Inc (ENER) opened up trading this morning with a gap down to the $33 level. For the last hour it has been steadily rising up from this point. As I said in my earlier post, I have been looking for a good entry point in this company and feel that the near term support of $33 is an ideal area to place an order. The stock has been on a run for several months and it is always hard to take a new position in a stock that has already seen dramatic increases...

Energy Conversion 4Q Sales Disappoint

Energy Conversion Devices Inc (ENER) announced quarterly results on Monday. They beat Wall Street expecations with a less than expected loss, but did not meet sales estimates. They posted a loss of $6.9 million, or 23 cents per share, for the three months ended June 30, compared with a year-ago loss of $11.5 million, or 44 cents per share. The company's loss from continuing operations was 22 cents per share. Wall Street estimates on the loss were 26 cents a share. The stock is currently trading down over 4% in pre-market trading. I have been looking for a...

Electro Energy Receives U.S. Dept. of Energy Contract to Continue Development of Bipolar Nickel...

Electro Energy Inc (EEEI) announced receipt of a $1,050,000 contract with the U.S. DoE for the further development of its Bipolar Nickel Metal Hydride energy storage battery. These 2nd generation prototype test units, rated from 150 Volts, 20AHr to 500 Volts, 6AHr, will be constructed and tested at EEEI, and subsequently delivered to Sandia for further testing. Units of this size have potential applications for utility, wind, solar and customer side load regulation and back up power. This stock has been in a long term down trend and this contract was a much needed win to...

Beacon Power Delivers Flywheel-Based Power System to Bechtel Bettis, Inc.

Beacon Power Corp (BCON) announced that it has delivered a flywheel-based power system to Bechtel Bettis, Inc., under a contract that it announced in March 2005. The demonstration system, built using a Smart Energy 6 flywheel, is designed to provide a high cycle-life, reliable source of stored energy for a number of potential applications. "This system we've delivered to Bechtel Bettis is an example of our strategy to address additional market opportunities beyond our primary business focus of providing advanced technology solutions for electric power systems," said Bill Capp, Beacon Power president and CEO. "We continue to seek...

Arotech’s Battery and Power Systems Division Receives Follow-on Micro Air Vehicle – MAV –...

Arotech Corporation (ARTX) announced that its Electric Fuel subsidiary has received a follow-on contract from an Israeli security agency for its new generation zinc-air batteries. Under the terms of the contract, Arotech's Electric Fuel subsidiary will continue to develop prototype zinc-air cells to achieve extended flight times for Micro Aerial Vehicles (MAVs). Electric Fuel's cutting-edge zinc-air cells for MAVs are high-power, lightweight versions of its most advanced zinc-air cells. The Company has already demonstrated that its zinc air batteries extend the mission duration of these reconnaissance aircraft.

Arotech Receives Additional Research Funding of $650,000 from U.S. Army

Arotech Corporation (ARTX) announced that its Battery and Power Systems division has received additional funding from the U.S. Army's Communications and Electronics Command, CECOM, for further development of its 4th generation (Gen4) zinc-air cells. The funding covers Phase II of a three-phased research and development program for Gen4 Zinc-Air Cells aimed at the Future Force Warrior project - the U.S. Army's flagship Science and Technology initiative to develop and demonstrate revolutionary capabilities for Future Force soldier systems. Arotech's Gen4 portable battery pack is 12 or 24 Volts and has a total capacity exceeding 400Wh with Battery Energy Density above...

New Investment Report Highlights $360-Million Market for Power Grid Frequency Regulation Services in the...

The market for grid frequency regulation services open to new service providers in the United States in 2004 was valued at nearly $360 million - and is expected to increase in 2005 - according to a Technology Brief issued today by Ardour Capital Investments, LLC. Frequency regulation is the target market for Beacon Power Corp (BCON) Smart Energy Matrix flywheel energy storage system, two demonstration systems of which are being built under contract to the California Energy Commission (CEC) and the New York State Energy Research and Development Authority (NYSERDA). The Technology Brief is available online at www.ardourcapital.com, under...

SatCon to Provide Grid-Tied Inverters for Energy Storage System

SatCon Technology Corporation (SATC) announced that it was chosen to supply its grid-tied Starsine inverter for a ZBB Energy Corporation installation demonstrating the benefits of applying energy storage to existing transmission and distribution congestion problems. The project is one of only three selected by the California Energy Commission (CEC) and U.S. Department of Energy to showcase market-ready energy storage technologies as solutions to the growing problem of congestion on the state's power grid. The installation will be located at a PG&E substation. When completed, the system will improve transmission and distribution reliability and allow for the continued use of...

Arotech Receives New Contract to Supply up to $24 Million in Zinc-Air Batteries to...

Arotech Corporation (ARTX) announced that its Electric Fuel Battery subsidiary has received from the US Army's Communications and Electronic Command (CECOM) a new contract to supply up to $24 million in zinc-air batteries and adaptors to the DoD over the next three years.

Beacon Power Receives Contract from Bechtel Bettis, Inc. to Demonstrate Advanced Flywheel-Based Power System

Beacon Power Corp (BCON) has announced that it has been awarded a contract from Bechtel Bettis, Inc., to design and deliver an advanced flywheel-based power system demonstration unit. Bill Capp, Beacon Power president and CEO says "...Although this contract is not considered material from a revenue standpoint, these types of projects are significant because they extend our technology portfolio, help defray operating expenses, and can lead to other business opportunities."

Ultralife Batteries, Inc. Awarded $7.4 Million Battery Contract by U.S. Defense Department

Ultralife Batteries Inc (ULBI) has been awarded a new production contract for its BA-5390/U battery valued at approximately $7.4 million, by the U.S. Defense Department. This contract is independent of the Next Gen II, Phase IV five-year battery contract for the BA-5390 and four other rectangular military batteries, which the company was awarded in December 2004. Deliveries under this $7.4 million contract are required to be completed by May 14.

ZAP Displays Advanced Battery Solutions at CeBIT Digital Technology Trade Show in Germany

ZAP (ZAPZ) is currently exhibiting its unique multi-function portable battery to the global marketplace at the CeBIT trade show in Hannover, Germany, March 10-16, 2005. ZAP's Portable Energy division has developed a flexible, multi-use battery for electronic products that deliver up to four times the power of typical batteries, to charge or power a variety of devices, including cell phones and laptops. ZAP is a worldwide technology leader in efficient transportation, offering gas-powered vehicles such as the Smartcar, as well as electric cars and personal transportation products.

Beacon Power Announces Compliance with NASDAQ Continued Listing Requirement Related to Closing Bid Price

Beacon Power Corp (BCON) announced that on March 2, 2005, it received a letter from The NASDAQ Stock Market stating that because the closing bid price of the Beacon's common stock has been at $1.00 per share or greater for at least 10 consecutive business days, Beacon has regained compliance with Marketplace Rule 4310(c)(4). This is wonderful news for BCON.

Beacon Power to Present on Two Flywheel Energy Storage Topics at POWER-GEN Renewable Energy...

Beacon Power Corp (BCON) is scheduled to deliver two presentations at conference sessions next week at the 2nd Annual POWER-GEN Renewable Energy Conference and Exhibition, held at the Las Vegas Hilton from March 1-3. Both presentations will focus on the role of flywheel energy storage systems, and Beacon's patented technology in particular, in critical power grid applications.