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.
Hydrogenics Corp (HYGS) announced that it has entered into a five-year agreement with Deere & Company (DE) to continue research and development efforts in the use of hydrogen and fuel cells in commercial vehicles. The five-year agreement incorporates both qualitative and quantitative commitments, and builds on the success of earlier joint projects involving the integration of Hydrogenics' HyPM(TM) fuel cell power module technology into Deere vehicles.
Citing recent success in alternative power, GE Energy, a subsidiary of General Electric Co (GE) is hoping to boost its solar energy sales to $1 billion annually by the end of the decade, the head of GE's solar business said.
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.
ReliOn, the leading provider of high reliability fuel cell solutions for backup power applications, announced that Celestica Inc (CLS), a world leader in electronics manufacturing services (EMS), will serve as EMS provider for ReliOn's fuel cell products going forward. ReliOn is a privately funded Washington corporation. However, as their business grows, their OEM partners will grow as well.
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.
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.
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 SchrÃ¶der. The Ford fuel cell team has been using the Ballard Power (BLDP) fuel cell stacks for their line of fuel cell cars.
An Eastern Iowan made his own fuel to save money, but now the state says not so fast. The state wants to make sure it doesn't miss out on its tax money... ...The tax would be 22 and a half cents a gallon. The same as diesel. He makes anywhere from five to twenty gallons of biodiesel a month. At the most, it would mean an additional four dollars to the state each month. Toal-Rossi says, "I'm not opposed to paying the tax, it's really the paperwork that's more of a hassle for me." Never...
Bloomberg.com has the following article on Ballard Power (BLDP) DaimlerChrysler AG and Ford Motor Co. agreed to invest $100 million in Ballard Power Systems Inc., the biggest maker of fuel cells for automobiles, and restructure their alliance with the money-losing company to speed up development of the alternative energy devices. In the article there is an interesting quote from Ballard's CEO. "We think we have a line of sight now to a commercial product in the early part of the next decade... There no question that fuel cells will replace piston engines."
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...
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...
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....
Arotech Corporation (ARTX) announced today that the BA-8180 Zinc Air battery developed by Arotech's Battery and Power Systems Division - has been designated as one of the "Greatest Army Inventions" of the past year. The ten winning teams will be recognized June 23 by the U.S. Army Research, Development and Engineering Command. Arotech is primarily a defense contractor. However, they are a lead contractor for the Military looking at Alternative Energy resources.
Are Alternative energy stocks the Microsoft of the future? If you invested $1,000 in MSFT back in 1986 your investment would now be worth over $300,000. If you really believed in the Personal Computing industry you could have also invested in companies like Intel, Apple, and Cisco at bargain basement prices.
One of the major movers in the Alternative Energy sector are stocks that pertain to Hydrogen production and conversion into energy. You can learn more about the Hydrogen economy at the excellent How Stuff Works website using the following link: How the Hydrogen Economy Works.