Fuel Cell

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...

Privately held Nuvera Fuel Cells, Inc., announced plans to establish a hydrogen test facility with RIVOIRA S.p.A., and the SIAD Group, both of which partner with Praxair, Inc. (PX), a leading U.S. multinational in the industrial gas sector. The plan calls for expanding SIAD's facility located in Osio Sopra, (Bergamo) Italy for the purpose of demonstrating hydrogen-based fuel cell systems. According to the agreement, the new facility will comprise approximately 180 m2 of space and will be dedicated to testing Nuvera's hydrogen products in the 5.5 kW to 25 kW power range, including its H2e(TM) fuel cell power...

The Bush administration's budget for fiscal 2006 would provide more dollars to advance the production of domestic energy from coal, hydrogen and nuclear sources. The president's Hydrogen Fuel Initiative would receive an additional $35 million in funding in fiscal 2006, bringing total funding to $260 million. In 2003, Bush proposed $1.2 billion over five years to further the development of technologies to produce hydrogen and store hydrogen energy. The budget would also provide $3.6 billion in tax incentives through 2010 to spur renewable energy, as well as hybrid and fuel-cell vehicle purchases.

Honda Motor Co (HMC) announced the delivery of a Honda FCX, the world's most advanced hydrogen-powered fuel cell vehicle, to the city of Chula Vista. The city of Chula Vista will lease the vehicle for a period of two years and will operate the FCX on a regular daily basis as part of their normal operations. The FCX will be refueled at a publicly accessible hydrogen station already operated by the city on their property. The placement of this FCX in tandem with the public accessibility of hydrogen fuel expands the geographical range for some of Honda's existing...

Enova Systems Inc (ENVA) announces that it continues to gain momentum in the fuel cell vehicle markets with the addition of three new or ongoing projects in these sectors. The latest program teams Enova with Concurrent Technologies Corporation (CTC), an independent, nonprofit, applied research and development professional services organization that provides management, integration, and technology-based solutions to a wide array of clients. Enova will supply its 120kW HybridPower(TM) drive system and its fuel cell power management suite to the U.S. Department of Defense (DoD) Fuel Cell Test and Evaluation Center (FCTec), which is operated by CTC. These components will...

Fuelcell Energy Inc (FCEL) announced that one of its 250-kilowatt Direct FuelCell® (DFC®) power plants, sold by its Asian distributor Marubeni Corporation (TSE:8002 - News), will supply power as part of the electric grid servicing a school, a hospital, apartment buildings and city hall in a planned, renewable energy community on the western coast of Japan. In keeping with the Kyoto Eco-Energy organization's desire to balance intermittent power generated by sources such as wind and solar, a 250 kilowatt DFC plant will efficiently convert waste from a food processing plant into high quality electricity. Heat energy produced by...

Manhattan Scientifics Inc (MHTX) has been issued U.S. Patent No. 6,808,834 Koschany Fuel Cell Stack With Cooling Fins and Use of Expanded Graphite in Fuel Cells. Invented by Dr. Arthur Koschany, the NovArs fuel cell has been successfully demonstrated in a number of prototype pre-commercial situations. Smaller than a brick and weighing less than two pounds, the hydrogen-powered NovArs fuel cell is intended to power a bicycle or a motor scooter for several hundred miles without having to refuel depending on type of use, weight of rider, road conditions and the size of the fuel tank. Manhattan's...

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...

Distributed Energy Systems Corp (DESC) announced the receipt of two additional Connecticut Clean Energy Fund (CCEF) awards for Regenerative Fuel Cell (RFC) demonstration projects in Connecticut. Through the support of CCEF, Proton is deploying two RFC demonstration units for the Town of Wallingford Electric Division and the Mohegan Sun Casino. For Wallingford Electric, Proton intends to provide a 15 kW UNIGEN® RFC Backup Power unit for use in their control room battery system. The unit is designed to operate 24 hours a day and to provide more than eight hours of backup power at the rated load in...

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...

DaimlerChrysler AG (DCX) announced its first fuel cell vehicle customer in California today the Air Quality Management District (AQMD). The government agency will use a DaimlerChrysler F-Cell in daily use, based at its new hydrogen refueling station, the first station to be open to the public. Just a reminder, DaimlerChrysler is in partnership with Ballard Power (BLDP) to provide the fuel cell stacks.

BusinessWeek Online has published an interesting article that discusses the January Auto Show and the future of H2 cars. When it comes to hydrogen vehicles, most car companies are counting on little under-the-hood chemical refineries known as fuel cells. Trouble is, a fuel-cell system powerful enough for a car would add roughly $100,000 to sticker prices today. And then there's an even tougher problem: Where would drivers get the fuel? Fewer than 100 filling stations in the whole world now pump hydrogen. So it could be a couple of decades before fuel-cell cars become popular enough to make...

Fuelcell Energy Inc (FCEL) and Capstone Turbine Corp (CPTC) announced that its patented Direct FuelCell/Turbine® (DFC/T®) achieved a record-setting performance establishing a mark of 56 percent electrical efficiency in the sub-megawatt (sub-MW) class for 800 continuous hours during initial testing. This significantly exceeds the electrical efficiency of other distributed generation technologies of similar size. For example, gas engines have an electrical efficiency of 30 to 42 percent, low temperature fuel cells have an electrical efficiency of 30 to 35 percent and microturbines have an electrical efficiency of 25 to 30 percent. I always love when...

UPS on Thursday announced it was deploying three delivery vans that run on non-polluting hydrogen and fuel cells, and said it hopes to some day have zero-emission engines for its entire fleet of 88,000 vehicles. The three vans will be used in Los Angeles, Sacramento, Calif., and Ann Arbor, Mich. Once again, these Fuel Cell trucks are made by DaimlerChrysler AG (DCX) and are using Ballard Power (BLDP) for the cell stack.

Japan's Honda Motor Co. said Thursday it will start sales of a fuel cell vehicle equipped with a cell stack capable of operating at subzero temperatures in North America in the second half of this year. The Honda fuel cells utilize the Ballard Power (BLDP) fuel cell stacks for their fuel cell equipped vehicles.

Hydrogenics Corp (HYGS) announced two additions to its HyPM® product line at this week's 2004 Fuel Cell Seminar in San Antonio, Texas. The two additions are the HyPM 7 (kW) unit and the HyPM 65 (kW) unit, both with which the Company will strategically access additional early market opportunities that exhibit long-term potential, specifically in light mobility and backup power applications.