Ballard Power Posts Narrower Loss in 2Q

Ballard Power (BLDP) has announced that second-quarter losses narrowed year-over-year to post better-than-expected results, but revenue declined across many business segments on lower volumes and decreased demand. Revenue fell to $21.2 million from $29.1 million for the same period in 2003, primarily due to lower product revenue as a result of completing deliveries of heavy-duty bus engines to the European Fuel Cell Bus Project in 2003. The significant decline in engineering service revenue in the latest quarter was due to the development phase of the current generation light-duty fuel cell engine program nearing completion and the next generation...

IdaTech Signs Italian Agent for Fuel Cell Systems

IDACORP (IDA) is a holding company that has businesses in electrical generation, financial services, and telecommunications services. The IdaTech division that focuses on production of fuel cell systems has recently signed an Italian firm to represent them in the Italian market. Press Release Monday June 28, 8:00 am ET IdaTech has entered into an agency agreement with Italian energy engineering firm, RENCO S.p.A (RENCO) for the market development and distribution of IdaTech's fuel cell systems and hydrogen generation products. IDA is a well run utility paying a 4% dividend. They have recently crossed back over their...

Nation’s First Completely Solar-powered CVB Website Prepares to Launch

On September 1, 2004, the Portland Oregon Visitors Association (POVA) is scheduled to become the nation's first convention and visitors bureau (CVB) to launch a website 100 percent powered by solar energy. That's right, in a city renowned for its lush, abundant rainfall, the local CVB's website— www.travelportland.com —is transitioning to a completely solar-powered energy source.

Ford Research Vehicle Points the Way Towards Viable Fuel Cell Technology

Ford engineers have equipped the Ford Focus C-MAX with a prototype hydrogen internal combustion engine (H2 ICE). The vehicle was unveiled on July 12th at the Research Conference of the German Car Manufacturer Association (VDA) in Stuttgart, which was attended by the German Chancellor Gerhard Schröder. The Ford fuel cell team has been using the Ballard Power (BLDP) fuel cell stacks for their line of fuel cell cars.

FuelCell Energy and LOGANEnergy to Sell Direct FuelCell(R) Power Plants

Fuelcell Energy Inc (FCEL) and LOGANEnergy Corp have joined forces to develop and sell commercial fuel cell power plants, with a focus on megawatt-class systems. The two companies have signed a Market Development Agreement whereby FuelCell Energy will provide the power plants along with related engineering and technical support. LOGAN will contribute its expertise in developing fuel cell power plants for commercial and industrial customers, along with site-specific duties such as permitting, utility interconnections and power plant installation.

Kerry’s High-Wattage Energy Plan

BusinessWeek.com discusses John Kerry's plan to increase alternative energy usage for the country. John Kerry's blueprint for energy independence doesn't suffer from lack of ambition. In early August, he'll unveil an energy plan that he says can break America's addiction to foreign oil, revitalize the U.S. auto industry, help farmers and coal miners, fight global warming, and create jobs all for just $2 billion per year. "We can live in an America that is energy independent," Kerry promises.

Western GeoPower Project Moves Ahead

Western GeoPower Corp (WGPWF) has received approval to start drilling on their new Geothermal energy operation facility at South Meager in Canada. This new facility could amount to over 100 MW capacity. GeoPower expects to have the South Meager plant ready for commercial generation by mid-2007.

FuelCell Energy to provide 250-kilowatt Fuel Cell Power Plant for Democratic National Convention

FuelCell Energy, Inc. (FCEL), a leading manufacturer of stationary fuel cell power plants for distributed generation, today announced that it will be providing a 250-kilowatt Direct FuelCell(R) (DFC(R)) power plant as part of a temporary distributed generation micro-grid for the Democratic National Convention to be held at the Fleet Center in Boston July 26-29, 2004. The Company's DFC300A power plant will operate on natural gas supplied by Keyspan Energy and will be combined with generators to provide power for the Fleet Center and media stations. FuelCell Energy's DFC power plant, which generates electricity electrochemically and without combustion, will produce...

Vectrix Fuel Cell Scooter Debut

Vectrix debut their fuel-cell-equipped prototype at the Fuel Cell Seminar in Miami Beach, Fla. in November of this year. They plan to bring this new scooter to market by 2006. Vectrix is 50% owned by Parker Hannifin Corp (PH). Hannifin provides the compressor that is twice as efficient and twice as durable as competing technologies. Parker Hannifin engineers say that it could serve as a cathode air compressor or as a hydrogen recirculation pump on all kinds of fuel cells, both in vehicles and stationary power applications. They are also utilizing battery technology...

Pacific Fuel Cell Corp. Announces United States Department of Energy STTR Award

Pacific Fuel Cell Corp (PFCE)announced that it has been selected by the United States Department of Energy for a Phase I STTR (Small Business Technology Transfer) grant. The intended start date is September 1, 2004. I can't seem to find a website for Pacific Fuel Cell corp. I can't believe a publicly held company doesn't have a website. Post a comment if you can find it.

Energy Prices Continue to Soar Due to Katrina

The impact of Katrina to the gulf coast has caused a corresponding impact to the cost of energy. Up to 90% of output from the Gulf Of Mexico remains closed today and the uncertainty surrounding how long it will take to get back online drove crude oil prices above $70. This region supplies approximately 25% of all US energy and is home to nearly 10% of US refinery capacity. This short term impact on the cost of oil has many of the Alternative Energy stocks up with double digit percent gains yesterday. Be very careful at this...

China’s First Auto Works Chooses Enova for Hybrid Drive Systems

Enova Systems Inc (ENVA)announced today that it has entered into a development and sales agreement with China's First Auto Works (FAW) for parallel hybrid drive systems for their hybrid buses. FAW signed a two-phase development agreement with Enova for hybrid-electric motors and power controllers for its newest hybrid buses. Enova is working with both FAW and the Southwest Research Institute (SwRI) of Texas to integrate and validate the new Enova parallel hybrid drive system for these buses.

IEA wakes up and smells the Peak Oil

 That Polyanna of energy price prediction, the International Energy Agency (IEA), issued a new report today which, while it still does not acknowledge peak oil, predicts a supply crunch in the 2010-12 time range. Despite four years of high oil prices, this report sees increasing market tightness beyond 2010, with OPEC spare capacity declining to minimal levels by 2012,'' the IEA said in its Medium-Term Oil Market Report, which is published every six months. ``Low OPEC spare capacity and slow non-OPEC production growth are of significant concern I was blown away... as were most energy stocks today....

$18.4 Million Funding Round Positions PolyFuel for Portable Fuel Cell Market Launch

PolyFuel announced additional funding for their portable fuel cell technology. They are currently a privately held company backed by several venture capital firms. I'm keeping this company on my radar screen because these venture firms will eventually want to take this company public. Here is an excerpt from this most recent PR announcement. Click the link to read the full press release. PolyFuel, Inc., the world leader in membrane technology for portable fuel cells, today announced it has closed an $18.4 million, third round of funding, bringing total investment in the 5-year-old startup to approximately $40 million....

Ammonia Fueled Irrigation Pump System Announcement by Hydrogen Engine Center

Jeff, one of our readers alerted me to an announcement that is definitley worth sharing. Hydrogen Engine Center, Inc., one of the stocks (HYEG) on the stocks page made an announcement that they will be working with Sawtelle & Rosprim to design and build the world's first Ammonia Fueled Irrigation Pump System. This is intended to help California meet its new emissions requirements scheduled to go into effect in 2010. Hydrogen Engine Center, (HEC), is building a prototype system based on HEC's ammonia-fuelled engines and Sawtelle's pumps. They want to test the prototype for the California irrigation...

Biological Drive: One man’s quest to put corn in your car

AutoWeek has an article about one man's quest to travel the entire United States using anything but gasoline to power his variety of alternative fuel vehicles. Featured are bio-diesel Hummers and RVs, a solar-powered canoe, and an poop-powered scooter
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