FuelCell Energy Reports Fourth Quarter and Fiscal Year 2004 Results and Accomplishments

Fuelcell Energy Inc (FCEL) reported a net loss for the fourth quarter of fiscal 2004 of $20.8 million or $0.43 per basic and diluted share, compared to a net loss of $15.4 million or $0.39 per basic and diluted share in the same period of the previous year. Net loss from continuing operations was $0.37 per basic and diluted share. Revenues for the fourth quarter of fiscal 2004 were $8.9 million compared to $7.3 million in the same period a year ago. Net cash used during the quarter was $17.0 million, which included $1.5 million used in our discontinued...

Plug Power to Install GenSite(TM) Hydrogen Generators Under Recently Awarded NYSERDA Programs

Plug Power Inc (PLUG) announced that the company intends to install two GenSite(TM) hydrogen generators under two recently awarded programs sponsored by the New York State Energy Research and Development Authority (NYSERDA). Plug Power will partner with award winner American Honda Motor Co., Inc., Air Products and Chemicals Inc (APD) and Homeland Energy to provide the refueling infrastructure necessary for fuel cell vehicles, including two Honda FCX's recently leased by the State of New York.

BOC Showcases Hydrogen Fuel Cell Capabilities at Toronto Exposition

BOC Group PLC (BOX) will display a full range of supply, safety and other fuel cell technology support services during the Hydrogen and Fuel Cells 2004 Conference and Trade Show at the Sheraton Center, Toronto, Ontario, Canada, September 25-27. BOC has a solid track record of delivering hydrogen production and supply solutions tailored to meet our customers' needs. BOC is supplying its full range of products and services to emerging hydrogen energy markets across the globe, participating in high profile demonstration projects, supporting the development of new technology, creating innovative customer solutions, and investing in new ventures. ...

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.

Hydrogenics to Work with Toronto Waterfront Corporation to Identify Green Pilot Projects and a...

Hydrogenics Corp (HYGS) and the Toronto Waterfront Revitalization Corporation (TWRC) are announcing the signing of a memorandum of understanding today at the Hydrogen and Fuel Cells 2004 Conference in Toronto. Together the two organizations will explore ways in which hydrogen fuel cell technologies and hydrogen production can support and build on the sustainable development goals of the TWRC. "Toronto is uniquely positioned to leverage Canada's strong leadership position in fuel cell technology and commercialization," said Pierre Rivard, President and CEO of Hydrogenics Corporation. "By engaging the local expertise we can enhance and accelerate the development of a...

Medis Technologies Awarded New Fuel Patent for Fuel Cell Products

Medis Technologies Ltd. (MDTL) announced today that it has been issued a new patent from the U.S. Patent and Trademark Office (U.S. Patent #6,758,871 "Liquid Fuel Compositions for Electrochemical Fuel Cells") for its proprietary fuel. This is the third U.S. patent issued with respect to the fuel used in Medis' proprietary fuel cell technology and this patent relates to the composition of that fuel. Additional patents that cover other aspects of the fuel and its use in Medis' fuel cell are still pending.

First Chevron Hydrogen Energy Station Unveiled

ChevronTexaco Technology Ventures LLC (CTTV), a subsidiary of ChevronTexaco Corp. (CVX), unveiled its first Chevron Hydrogen energy station today at the Hyundai-Kia America Technical Center in California. ChevronTexaco is working with United Technologies Corporation (UTX) UTC Fuel Cells' equipped demonstration vehicles. At today's grand opening ceremony, racing legend Mario Andretti drove a Hyundai Tucson, equipped with a UTC Fuel Cells' 80-kilowatt, all-weather proton exchange membrane (PEM) fuel cell power plant, to the new hydrogen fueling dispenser.

Dodge Fuel Cell Sprinter Includes the Latest DaimlerChrysler Fuel Cell Vehicle Technology

Based on the production Sprinter Van, the new fuel cell powered Dodge Sprinter has the latest advancements in DaimlerChrysler fuel cell vehicle expertise, and fuel cell technology from its Fuel Cell Alliance partner, Ballard Power (BLDP). The entire Ballard fuel cell system is housed in the floor, leaving full use of the cargo space.

FuelCell Energy Receives New Direct FuelCell(R) Component Order from MTU CFC Solutions GmbH for...

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....

Marubeni Announces Siting of Direct FuelCell(R) Power Plant at Tokyo ‘Super Eco Town’

Fuelcell Energy Inc (FCEL) announced the siting of a 250-kilowatt Direct FuelCell® (DFC®) power plant to operate on anaerobic digester gas from a food recycling facility at the Tokyo "Super Eco Town" Project in Japan. Marubeni, Asian partner of fuel cell developer FuelCell Energy, will supply the power plant to Bioenergy Co. of Japan who will own and operate the unit. The DFC power plant will provide approximately 50 percent of the facility's base load electricity requirements, and the heat will be converted to process steam for the recycling operations. Shipment is expected in the first half of calendar...

U.S. Army to Exhibit Quantum’s Aggressor AMV Fuel Cell Vehicle at SEMA Show

Quantum Fuel Systems Technologies Worldwide Inc (QTWW) announced that the U.S. Army TARDEC's NAC (Tank-Automotive Research, Development and Engineering Center's National Automotive Center) will exhibit a high performance, fuel cell off-road vehicle at the Specialty Equipment Market Association (SEMA) show in Las Vegas from November 2 5, 2004. The "Quantum AMV(TM)" (Alternative Mobility Vehicle), nicknamed the "Aggressor," is a fuel cell vehicle designed and manufactured by Quantum at its California operations for the U.S. Army under contract with the NAC.

Shares in Hoku Scientific Purchased

This morning I purchased shares in Hoku Scientific, Inc. (HOKU) for my personal portfolio and an average price of $9.47. I was unable to purchase shares in this stock for the mutual fund since it is a recent IPO that came to the market in early August. Hoku is a fuel cell membrane manufacture that is based out of Hawaii. They have strategic partnerships created with Sanyo Electric and Nissan. This company also has the honor of being one of the select few companies in this sector that is actually profitable. Another amazing aspect of this company is...

Air Products Selects Proton Energy Systems as Preferred Supplier for Electrolysis-Based Hydrogen Fueling Stations

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."

Toyota Opens The Fuel Cell Kimono

by Debra Fiakas CFA Last week Toyota Motor Corporation (TM:  NYSE) announced its intention to share its patented fuel cell technology with other automotive manufacturers.    Engineers from competing auto manufacturers can get a look at Toyota’s fuel cell designs up through 2020.  Toyota has taken a page from Tesla Motors (TSLA:  Nasdaq), which made its electric vehicle battery designs available to the public last year.  Since the car business is intensely competitive, automotive manufacturers are typically quite circumspect about their innovations.  However, producers of cars powered by alternative energy sources are faced with a unique problem ...

Distributed Energy Systems profile on Forbes.com

Distributed Energy Systems Corp (DESC) has been profiled on Forbes.com. Kenneth Reid, editor of Spear's Security Industry Analyst, recommends buying shares of Distributed Energy Systems. The Wallingford, Conn.-based company creates and delivers a variety of products for the alternative and decentralized energy markets.. . .The story of Distributed Energy and other alternative-energy players is a long-term one, say bulls like Reid. With the surge in oil prices this year, the story is resonating with investors. Distributed Energy shares are up 333% in the past year, trading around $8 after hitting a 52-week (intraday) high of $8.09 on Sept....

Hydrogenics Signs Contract to Provide Fuel Cell System for U.S. Army Armoured Vehicle

Hydrogenics Corp (HYGS) announced that it has signed a contract to manufacture a self-contained regenerative fuel cell power system that will be used to provide auxiliary power for a U.S. Army Stryker Light Armoured Vehicle (LAV). This is a collaborative government project whereby Radian Inc. has entered into a contract with the United States Army (TACOM/TARDEC), and Hydrogenics has signed a defence industrial research contract with Defence R&D Canada, an agency of the Canadian Department of National Defence.