Fuel Cell

ENER1 INC (ENEI) announced it has signed letters of intent to acquire Giner Electrochemical Systems, LLC (GES), a privately held company located in Newton, Massachusetts, that specializes in the development of fuel cell technologies and products. GES is currently owned by Giner, Inc. and General Motors Corp.(GM). GES will maintain its existing GM multi-year contracts (totaling several million dollars) and its broad research and development relationship with GM going forward.

Mechanical Technology Inc (MKTY) announced that it has been awarded the 2004 Frost & Sullivan Technology Innovation Award for its Mobion(TM) micro fuel cell technology. The Award will be presented to MTI Micro at Frost & Sullivan's 2004 Best Practices Awards Banquet on October 20, 2004 in Rancho Mirage, California.

Fuelcell Energy Inc (FCEL) announced it has successfully incorporated design changes to the 250-kilowatt (kW) Direct FuelCell® (DFC®) power plant resulting in a 25 percent cost reduction as previously announced. This is part of FuelCell Energy's rolling three-year cost-out program that targets a 20-25 percent cost reduction per year. In addition to reduced capital costs, the DFC300MA power plant the new name for the sub-megawatt unit is expected to result in lower routine maintenance expenses thanks to its modular three-piece design. This modular architecture, with separate skids for the mechanical balance of plant, electronic balance of...

Pacific Fuel Cell Corp (PFCE) announced that it has acquired certain rights to a new Carbon Nanotube Membrane Electrode Assembly (MEA) for hydrogen and methanol fuel cells and has filed a provisional patent application in the name of the co-inventors. This new technology uses 75% less platinum while significantly exceeding the performance of current state of the art MEA's for direct methanol fuel cells.

Fuelcell Energy Inc (FCEL) announced today its first one-megawatt Direct FuelCell® (DFC®) power plant sale in California to Alameda County for the Santa Rita Jail in Dublin, Calif. This is the first fuel cell project with its North American distribution partner, Chevron Energy Solutions. FuelCell Energy will provide Alameda County a DFC1500 power plant and related operating and maintenance services. Chevron Energy Solutions will act as overall project manager and integrator, providing design, engineering, construction, and installation services to Alameda County. The DFC1500 power plant is expected to provide 90 percent of base load power requirements for the...

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. ...

Market researcher Fuji Keizai announced November 16 that it has published a report on fuel cell technologies and future development of the full cell market. The report, forecasts that demand for PEFC (PEM fuel cells) for automobiles, SOFC (solid-oxide fuel cells), and micro fuel cells will reach $8.50 bil, $1.89 bil, $283.0 mil, respectively, in 2020. Including PAFC (phosphoric-acid fuel cells) and MCFC (molten carbonate fuel cells), the fuel cell market is expected to reach $2.67 bi in 2015 and $11.32 bil in 2020. The market growth forecasts provided in the report take such factors into account...

The U.S. Department of Energy (DOE) has selected IdaTech (IDA) for a $1.4 million award to conduct a three-year program of fuel cell system research and development targeting off-road vehicle applications. This is the second DOE award granted to IdaTech in the past 14 months. IDA maybe one of the safest ways to enter the AltE stock market. They have a diversified product line and also a nice dividend which is currently 3.75%.

PolyFuel plans to announce that it has achieved a breakthrough in fuel-cell membranes by using an alternative material: a hydrocarbon that it says costs only about half as much per square meter as the conventional material. Compared with the fluorine compounds that are the most commonly used for membranes in fuel cells now under testing, PolyFuel says that hydrocarbon membranes allow production of more electricity per square centimeter of membrane. That could mean that a fuel cell could produce the same power as a fluorine-membrane version, but would be smaller and lighter, according to the company. ...

The U.S. Senate agreed Sunday to vote as early as Monday on a corporate tax bill that would include the "Green Building" program, something that Adams Harkness analyst John Quealy said will be a "positive catalyst for the fuel cell industry." The bill calls for the issuance of tax-exempt bonds to fund the construction of energy-efficient and environmentally-friendly buildings. "What we find especially noteworthy is language in the current Chairman's Mark of the Conference Committee report that requires using at least 25 megawatts of fuel cell energy generation, in aggregate, in order to qualify for such tax-exempt...

DaimlerChrysler AG (DCX) Just imagine filling up your car at the windmill down the road. That’s what Andreas Truckenbrodt dreams of, but DaimlerChrysler’s director of fuel cell and alternative powertrain vehicles knows there are still hurdles to clear before the zero-emission cars become kings of the road.

Hoku Scientific, Inc. (HOKU) maintained an "outperform" rating and $12 target price from a Piper Jaffray analyst. "Hoku will continue to record substantial revenue growth driven by accelerated technology development in preparation for commercial markets," Piper analyst Jesse W. Pichel wrote in a recent report. I'm still waiting for Marketocracy to add this ticker to the stock universe so I can buy it for the mutual fund. If I had additional money in my personal portfolio, I would purchase more at this level.

Ballard Power (BLDP) Chairman and Interim President and Chief Executive Officer, John Sheridan, was in Beijing, China today, along with representatives from Ballard's Alliance partner, DaimlerChrysler, and Chinese industry and government officials, to attend the launch of three Mercedes-Benz Citaro fuel cell buses. The buses, powered with Ballard® heavy-duty fuel cell engines, will enter revenue service in the city as part of a two-year demonstration project being led by the Chinese Ministry of Science & Technology, with support from both the Global Environment Facility and the United Nations Development Program. This is the latest in a series...

Air Products and Chemicals Inc (APD) hydrogen fueling technology was an integral part of an historic event today as Shell Hydrogen officially opened North America's first-ever hydrogen filling station at an existing retail gasoline site in Washington, D.C. The Benning Road demonstration project makes Shell the first energy company in North America to provide the environmentally friendly fuel at a consumer retail site, alongside conventional fuels. Initially, it will provide fuel for six GM Hydrogen 3 fuel cell vehicles participating in this Shell-General Motors partnership demonstration project.

MTI MicroFuel Cells Inc. (MKTY) announced that in December it signed a Market Development Agreement with SES AMERICOM Inc. As part of the agreement, MTI Micro will work with SES AMERICOM to determine and evaluate the use and integration of MTI Micro's Mobion® technology into AMERICOM products that may benefit from alternative energy sources such as fuel cells.

Plug Power Inc (PLUG) announced today an agreement with Tyco Electronics Power Systems, Inc., under which Tyco Electronics will market and sell Plug Power's GenCore®5T fuel cell systems for telecommunication backup applications throughout the United States and Canada. Under the agreement with Plug Power, Tyco Electronics will market, promote and sell the GenCore product through its direct sales force, under both the Tyco Electronics and Plug Power brands. The distribution agreement formalizes a working relationship between the companies that has been actively addressing technology, marketing, reliability and certification for more than a year, and is complemented by a...