Fuel Cell

Enova Systems Inc (ENOV) announced that its components are currently being used in thirty (30) Ford Focus Hydrogen Fuel Cell Vehicles and six (6) Wrightbus Electrocity hybrid transit buses. The Ford Focus is one of the industry's first hybridized fuel cell vehicles looking to combine the improved range and performance of hybrid technology with the overall benefits of a fuel cell. Enova's 120kW Hybrid Drive System has been installed in six (6) Wrightbus Electrocity vehicles that are now in service in London.

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...

Astris Energi Inc. (ASRNF) announced that it will be debuting Freedom II, its second generation AFC-powered Golf Car at the Vancouver Investment Conference on January 23 and 24. The new, faster Freedom II is powered by Astris' recently completed 1.8kW, Model E7 AFC Generator, with more than double the power of the original model, which was the world's first alkaline fuel cell powered golf car using hydrogen. The new, silent running, emission-free E7 Generator contains two 900W Astris' POWERSTACK(tm) MC250 alkaline fuel cell stacks which provide the unit with 1.8kW nominal power with the capability to deliver a...

The following is an excerpt from a press release from the Department of Energy (DoE) that came out today: "DOE’s Hydrogen Program and Fuel Cells 2000 have released a new searchable database of fuel cell and hydrogen activities in the United States. The database allows better access to information on stationary fuel cell installations, vehicle demonstrations and fueling stations – as well as state policies, initiatives and legislation aimed at advancing these technologies." Try running some queries on the database of fuel cell and hydrogen activities. I didn't check out the website too extensively but from what...

Starwood Hotels & Resorts has expanded it use of Fuelcell Energy Inc (FCEL) Direct FuelCell power plants with an installation at the Westin San Francisco Airport Hotel. "Our use of fuel cells at Sheraton hotels has successfully reduced our energy costs while offering us quality power with strong environmental benefits, and we are eager to begin applying this formula to our Westin and other brand hotels," said John Lembo, Director of Energy for Starwood. "With DFC installations at hotels on both coasts of the U.S., we are fulfilling our pledge to be the best business neighbors with a...

Hoku Scientific, Inc. (HOKU) is a recent addition to my stock watchlist. HOKU designs and manufactures membrane electrode assemblies (MEAs) and nonfluorinated membranes for proton exchange membrane (PEM) fuel cells. Basically they are developing the next generation of proton exchange membranes. They have strategic relationships with Sanyo Electric and Nissan Motors and are based in Hawaii. The company received some good news from some financial analysts this week and the company is up over 50% in the last two days. Piper Jaffray analyst Jesse Pichel said Hoku is one of the best-positioned component suppliers to the emerging...

Distributed Energy Systems Corp (DESC) is highlighted in the current issue of Power Engineering, a leading electric utility industry publication. The article, entitled, "On- Site Hydrogen Production Means More Than Convenience," gives background on the efficiencies and cost savings that are driving growing power plant industry acceptance of Proton's HOGEN® Proton Exchange Membrane system for on-site hydrogen generation.

Air Products and Chemicals Inc (APD) announced the signing of a supply agreement with Distributed Energy Systems Corp (DESC) as the preferred supplier for its electrolysis-based hydrogen energy stations. "From a PEM (proton exchange membrane) standpoint, Proton is a leader in this technology," said Ed Kiczek, senior business development manager, Future Energy Solutions at Air Products. "When you combine Proton's PEM electrolysis with our hydrogen compression, storage and dispensing technology, you have a fully comprehensive hydrogen fueling station with zero emissions at the site."

Fuelcell Energy Inc (FCEL) reported 4th Quarter earnings of a net loss of $0.40 per share. This is $0.02 better than estimates. However the revenues for the year are 10% less than expected. The focus for the next year is continue to penetrate into markets where they currently have business. FuelCell Energy and its distribution partners continue to penetrate repeatable markets worldwide. The Company believes initiatives already underway establish a strong platform for heading into Fiscal Year 2006. In developing repeatable markets, the Company has installed or in backlog approximately 23 megawatts that extend across key industry...

Fuelcell Energy Inc (FCEL) announced today that it has finalized its award with the U.S. Department of Energy (DOE) for the three-year first phase of its Solid State Energy Conversion Alliance (SECA) program. Phase one is a $24 million Cooperative Agreement cost-shared by the DOE and the FuelCell Energy team, which includes Versa Power Systems, Materials and Systems Research Inc., Gas Technology Institute, University of Utah, Electric Power Research Institute, Dana Corporation and Pacific Northwest National Laboratory. Finalizing the award resolves open budget, scope and schedule issues. The goal of the SECA program is to accelerate the development...

Hydrogenics Corp (HYGS) announced today that it has won a contract to supply a 65 kilowatt hydrogen fuel cell power module to the U.S. Department of Defense (DoD) Fuel Cell Test and Evaluation Center (FCTec) operated by Concurrent Technologies Corporation (CTC). The power module will be integrated into an Aircraft Tow Tractor by CTC and will be used in fuel cell demonstrations at select Air Force Bases and civil airports in the United States, in conjunction with the United States Air Force Advanced Alternate Power Technology Transformation Office, Warner-Robins AFB, Georgia. The fuel cell system will be delivered...

German luxury carmaker BMW unveiled the world's fastest hydrogen-powered car at the Paris auto show on Wednesday, dubbed the H2R, capable of exceeding 300 kilometers (185 miles) per hour. "Our drive toward the future is called hydrogen," BMW management board member Burkhard Goeschel said before the tarp slowly slipped off the teardrop-shaped body of the sleek race car.

I purchased shares in Altair Nanomaterials (ALTI) this morning for both my personal portfolio and also the mutual fund. ALTI is a holding company that specializes in nanomaterials and also contains a life sciences division. The materials company has research in high performance batteries, fuel cells, and photovoltaics. Altair announced earnings today and the stock is up on the morning trading. Revenue Increases 68 Percent for Third Quarter and 230 Percent for Nine-Month Period "An increase in revenue of 230 percent for the first three quarters of 2005 is representative of the significant progress Altair has...

Fuelcell Energy Inc (FCEL) announced that its European strategic partner, MTU CFC Solutions, GmbH (a subsidiary of DaimlerChrysler), placed a new order for the Company's Direct FuelCell® (DFC®) components for 3 new sub-megawatt carbonate fuel cell power plants. Delivery is expected in late calendar year 2004 and early calendar year 2005. Announcements of individual power plant sites utilizing these DFC stacks will be forthcoming, with each customer's request and authorization. MTU's branded carbonate fuel cell power plant, the HotModule®, is based on FuelCell Energy's Direct FuelCell technology and utilize fuel cells manufactured by FuelCell Energy's Connecticut manufacturing facility....

Tom Konrad CFA While many people think first about hydrogen when they think of fuel cells, fuel cells are not limited to hydrogen.  They are a set of related technologies, many of which can generate electricity from a number of hydrocarbon fuels rather than hydrogen.  I limited my recent post on the rapid rise of hydrogen stocks to just US-listed companies involved in the production and use of hydrogen, leaving out foreign stocks and other fuel cell technologies for brevity. In my research for that article, however, I came across fully ten publicly traded companies involved with...

Millennium Cell Inc (MCEL) and Protonex Technology Corporation announced that it has delivered advanced prototypes of its P2 soldier power system to the U.S. Air Force for evaluation. This delivery marks the successful completion of the two-year Dual Use Science and Technology (DUST) program awarded to Protonex by the Air Force in April 2003. In addition, the Air Force Research Laboratory (AFRL) has notified Protonex and Millennium Cell Inc. of its intent to award an additional $1.02 million program focusing on P2 enhancements and manufacturability and for procurement of additional systems for performance and reliability testing. The P2...