Fuel Cell

Mechanical Technology Inc (MKTY) announced today that it has received United Nations (UN) Packaging Certification and is now in United States Department of Transportation (DOT) Compliance for shipment of its methanol fuel cartridges, supporting its initial product launch planned by year-end. With this UN and DOT recognition in place, authorized shippers can now conveniently transport MTI Micro's fuel refills by ground, sea and air, both domestically and internationally. "MTI has emerged as a leader in the development of safe and reliable methanol fuel cartridges and packaging," said John Lynn, President and CEO of the Methanol Institute, the global...

Hydrogenics Corp (HYGS) announces that it has been contracted by the Ministry for Transport Energy and State Planning of the State North-Rhine-Westphalia (NRW), Germany, to develop a fully operational electric hybrid 'midi-bus'. The propulsion system of the 17 foot European-manufactured bus platform will be based on Hydrogenics' high performance fuel cell hybrid design that integrates HyPM® power module technology. Also under the terms of the contract, Hydrogenics will supply full scale testing and select demonstrations in NRW. The contract is a cost share arrangement in which NRW will fund 50% of the project cost up to euro 566,000...

Ballard Power (BLDP) announced it has exercised its right to call a CDN $55 million investment from its Vehicular Alliance partners, DaimlerChrysler AG and Ford Motor Company, pursuant to a Call Agreement entered into by the parties on December 31, 2003. DaimlerChrysler will purchase 2,431,388 common shares of Ballard at CDN $12.34 per share, for an aggregate purchase price of CDN $30 million. Ford will purchase 2,026,157 common shares of Ballard at CDN $12.34 per share, for an aggregate purchase price of CDN $25 million. Under the Memorandum of Understanding between the parties dated July 8, 2004, if Ballard...

Rich Smith, writer for the Motley Fool, has written an article with a contrarian opinion about investing in alternative energy stocks. Specifically he refers to the Fuel Cell stocks. "The old test of a person's optimism is to show him a glass of water, filled to 50% of capacity, and ask whether it is half empty or half full. Shown such a glass, I have full confidence that investors in hydrogen fuel-cell pioneers such as Plug Power Inc (PLUG), Ballard Power (BLDP), or Fuelcell Energy Inc (FCEL) would declare the glass half full." While he rails...

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...

Caterpillar Inc. (CAT), Fuelcell Energy Inc (FCEL) and the city of Westerville, Ohio have reached an important milestone, bringing on-line one of the first utility-scale fuel cell power plants in North America that will feed power to consumers from a substation. The 250-kilowatt (kW) DFC power plant creates the hydrogen it needs from a readily available fuel, natural gas. The unit is manufactured by FuelCell Energy and distributed by Caterpillar through its dealer Ohio Cat. The fuel cell power plant is located at Westerville's electric substation #2, and when fully operational it will produce enough energy to...

Fuelcell Energy Inc (FCEL) and Alliance Power have formed a joint venture, Alliance Star Energy LLC, which has entered into a Master Energy Services Agreement (MESA) with Starwood Hotels & Resorts Worldwide, Inc. The MESA provides the framework for fuel cell power plant projects for Starwood's hotels and will streamline the process for business opportunities between Starwood and Alliance Star Energy. Initial focus will be in California, but the MESA is open to all of Starwood's hotels and resort properties. The first project under this MESA is to provide one megawatt of fuel cell power to the Sheraton...

Ballard Power (BLDP) announced significant progress in three areas crucial to the commercialization of automotive fuel cell stack technology- freeze start capability, durability and cost reduction - without compromising performance. Ballard scientists and engineers have demonstrated a stack design that can start repeatedly from -20 degrees C (-4 degrees F) and operate for more than 2,000 hours at a substantially reduced cost with no performance tradeoff.

Quantum Fuel Systems Technologies Worldwide Inc (QTWW) announced that its subsidiary, Tecstar Automotive Group, was awarded a contract for expanded parts distribution that will potentially generate up to $60 million in revenues over the next twelve months.

The US Navy officially exercised its two options in the PEM fuel cell demonstration contract with Hoku Scientific, Inc. (HOKU). The total amount of the options is $2.5 million in addition to the $2.1 million already under contract. "Since the initial contract was awarded in March 2005, Hoku Scientific has met the development milestones for its membrane electrode assemblies on-time and as-expected," said Charles Combs, director of renewable energy programs for the U.S. Navy's Naval Air Warfare Center Weapons Division at China Lake, California, who is the program manager for the U.S. Navy's contract...

General Motors of Canada Limited and Hydrogenics Corp (HYGS) demonstrated that commercially viable hydrogen-powered industrial vehicles are closer to the market than many people think. Hydrogenics is leading a consortium of partners to develop, demonstrate and move fuel cell-powered forklifts toward commercialization. This is the first time a fuel cell vehicle supported by an onsite hydrogen fuelling station has been demonstrated at a GM facility. This project is being partially funded with a $1.45 million contribution from Sustainable Development Technology Canada (SDTC). SDTC is a foundation created by the Government of Canada that operates a $550...

Hydrogenics Corp (HYGS) announced it is supplying fuel cell power modules to American Power Conversion Corporation (APCC), a leading global supplier of high availability systems for network-critical physical infrastructure (NCPI), for its new InfraStruXure(TM) with Integrated Fuel Cells System.

  Honda Motor Co (HMC) and Plug Power Inc (PLUG) announced that they have began successful operation of the second-generation Home Energy Station (HES II) located at Plug Power's corporate headquarters in Latham, New York. HES II is the further evolution of a joint development effort by Honda and Plug Power to produce a home refueling unit that provides hydrogen from natural gas for vehicle refueling, heat for domestic hot water use and electricity for the home. Testing of the HES II system will be done in conjunction with demonstration of Honda's 2005 FCX...

IdaTech (IDA) has signed a strategic partnership agreement with Rittal Corp. at CeBit in Hannover, Germany. IdaTech's ElectraGen(TM)5 fuel cell system was unveiled at the CeBit electronics show last week by Rittal, a global supplier of enclosure systems for industrial, electronic, telecommunication, and data communication equipment. The system's backup power features are on display at the show one of the world's leading events for showcasing new information and telecommunications technologies, and supporting software and services. The IdaTech and Rittal partnership is worldwide and includes integration of the IdaTech fuel cells technologies with Rittal's telecommunications and information technology...

The U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC)'s National Automotive Center (NAC), in conjunction with Quantum Fuel Systems Technologies Worldwide Inc (QTWW) and California Motors LLC, today unveiled the MP Hybrid vehicle platform at the Society of Automotive Engineers (SAE) 2005 World Congress. The MP Hybrid is a modular, easily configurable light duty vehicle platform designed to support a variety of homeland defense, military and commercial missions. This dual use military/commercial platform will reduce overall costs by providing a common base system and maximum commonality of other non-automotive components required to meet mission needs. ...

Millennium Cell Inc (MCEL) announced that it has received notices of allowance from the U.S. Patent & Trademark Office for U.S. Patent Application Publication Number 2003/0037487 A1 entitled "Portable Hydrogen Generator" and U.S. Patent Application Publication Number 2004/0067195 A1 entitled "Self-Regulating Hydrogen Generator."