Modine Awarded Subcontract on Department of Energy Fuel Cell Mine Loader Project

Modine Manufacturing Co (MODI) announced today that it has been awarded a contract with Vehicle Projects, LLC of Denver to supply thermal management hardware for a U.S. Department of Energy vehicle development and demonstration project. The nearly $8.6 million project will develop, manufacture, and demonstrate a mine loader powered by a fuel cell, along with associated metal-hydride storage and refueling hardware. The group will develop a 23 metric-ton, 160 kW fuel cell-battery hybrid mine loader. In the course of this three-and-a-half year project, Vehicle Projects and its subcontractors, including Modine, will manufacture this fuel cell/battery hybrid mine loader...

Shares of Hydrogenics Purchased

Hydrogenics Corp (HYGS) is a developer of fuel cell technology and hydrogen generation. They are also working with wind farm technology in the generation of hydrogen. Back in January of this year they successfully completed the purchase of Stuart Energy which compliments their product portfolio. Shares of the stock have been under pressure for the last couple of months due to missed expectations on Q1 revenue results. There is also some major concern about an increase in product backlog. In August, HYGS issued their most recent quarterly earnings and are attempting to reassure the...

Ford to test Fuel Cell vehicles in October

Ford Motor Co. will begin testing hydrogen fuel cell vehicles (FCVs) in October in California, Florida, Michigan and British Columbia, Canada, the firm said yesterday.

Quantum Ships First Fuel Cell Vehicle to U.S. Army

Quantum Fuel Systems Technologies Worldwide Inc (QTWW) and the U.S. Army TARDEC's NAC (Tank-Automotive Research, Development and Engineering Center's National Automotive Center) unveiled a high performance, fuel cell off-road vehicle at the annual meeting of the Association of the U.S. Army in Washington, DC. The "Quantum AMV(TM)" (Alternative Mobility Vehicle), nicknamed the "Aggressor," is a fuel cell vehicle designed and manufactured by Quantum at its California operations for the U.S. Army under contract with the NAC. This vehicle provides significant advantages to U.S. troops for high mobility in stealth operations.

Proton Energy Systems and Airgas Sign Agreement to Market On-Site Hydrogen Generators to Utilities,...

Airgas, Inc. (ARG) has announced a three-year agreement for its regional companies to market and distribute Proton Energy Systems Inc.'s proprietary HOGEN® on-site hydrogen generation systems to customers in the United States. Proton Energy Systems is a subsidiary of Distributed Energy Systems Corp (DESC).

Ballard Powered Mercedes-Benz Citaro Fuel Cell Buses Roll Onto Roads in China

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...

Hydrogenics Reports Fourth Quarter and Full Year 2004 Results

Hydrogenics Corp (HYGS) announced its unaudited financial results for the fourth quarter and year ended December 31, 2004. "While 2004 proved to be a challenging year, we begin 2005 poised for significantly improved financial performance," stated Pierre Rivard, President and CEO of Hydrogenics. "To improve the performance of our test system business, we implemented changes in management and staffing levels, product design and business processes. We believe the acquisition of Stuart Energy reduces our risk profile, significantly expands our product offering, strengthens our global presence, and accelerates our pathway to profitability."

FuelCell Energy, Marubeni and Kawasaki Finalize Agreement to Build and Market Direct FuelCell Power...

Fuelcell Energy Inc (FCEL) and its partner in Japan, Marubeni Corp., announced today that they have finalized their agreement with Kawasaki Heavy Industries (KWHIY) to become a packager of Direct FuelCell® (DFC®) power plants in Japan. As part of this agreement, Kawasaki will purchase a DFC300A power plant from Marubeni, to be installed at the Kawasaki Akashi Works near Osaka, Japan, where it will undergo evaluation and testing for the development of a Kawasaki-branded carbonate fuel cell power plant.

Has the fuel-cell industry reached a tipping point?

Tyler Hamilton There was a shareholder who stood up at Ballard Power’s annual meeting last week to share her experience with the company’s stock price. It pretty much summed up the frustration shared by most investors in the fuel-cell industry. This investor has owned Ballard (BLDP) shares for most of 20 years. She sold in early 2000 when the stock hit $140 a share and did quite well. That was when the hype around fuel-cell powered cars was approaching its fever pitch. Later that year she bought back into the company at about $120 a share, believing...

BOC-led Team Wins U.S. Dept. of Energy Hydrogen Energy Award

BOC Group PLC (BOX) has been awarded a U.S. Department of Energy (DOE) grant for a 3-year, $3.8 million project to develop an advanced hydrogen generation and delivery system. BOC, as the project leader, is partnering with Canada-based Membrane Reactor Technologies (MRT) and HERA Hydrogen Storage Systems Inc. (HERA) to develop and demonstrate advanced hydrogen generation and delivery systems that integrate MRT's membrane reactor and HERA's thermal hydride compression into a single package. The companies are working to develop a solution for the economic and technical challenge of delivering low-cost, high-purity hydrogen to industrial users, vehicles and stationary/mobile...

Ballard Announces $3.6 Million Follow-on Contract with Major Automaker

Ballard Power (BLDP) announced a $3.6 million contract with a major global automaker covering expanded technology benchmarking and evaluation activities. As part of this agreement, the automaker will evaluate the performance and capabilities of Ballard's current and advanced fuel cell technologies. This contract builds on the experience gained by the automaker from its initial purchase of Ballard® fuel cell products in 2003. Ballard has existing deals with DaimlerChrysler, Ford, Honda, Mitsubishi and Nissan. There is no indicatication which vendor they won the contract with.

Mobion(TM) Fuel Cell Power Product Receives UL and CSA Safety Certifications

Mechanical Technology Inc (MKTY) announced today that it has received required safety certifications from Underwriter's Laboratories Inc. (UL) and CSA International (CSA) for its micro fuel cell MTI Micro's Mobion(TM) power packs for military and industrial markets. It is targeted for shipment by the end of 2004 for use in logistics and warehousing applications (such as RFID tag readers) where shorter run-time and re-charge maintenance of traditional batteries can reduce worker productivity.

Plug Power Announces New Agreements With Honda for Next Phase of Home Energy Station

Plug Power Inc (PLUG) announced two new agreements with Honda R&D Company, Ltd. of Japan to continue expanding the companies' collaborative efforts. The first of the new agreements covers the fourth consecutive phase of joint development of the Home Energy Station. The Home Energy Station is a fuel cell system that provides electricity and heat to a home or business, while also providing hydrogen fuel for a fuel cell vehicle. The companies completed the previous phase in November 2005 with the successful commissioning of the third-generation Home Energy Station at Honda R&D Americas' facility in Torrance, Calif. This...

Proton Energy Systems, Inc. Receives Two Connecticut Clean Energy Fund Contract Awards for Regenerative...

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...

Protonex Delivers Soldier Power Fuel Cell Systems to U.S. Air Force

Millennium Cell Inc (MCEL) and Protonex Technology Corporation announced that it has delivered advanced prototypes of its P2 soldier power system to the U.S. Air Force for evaluation. This delivery marks the successful completion of the two-year Dual Use Science and Technology (DUST) program awarded to Protonex by the Air Force in April 2003. In addition, the Air Force Research Laboratory (AFRL) has notified Protonex and Millennium Cell Inc. of its intent to award an additional $1.02 million program focusing on P2 enhancements and manufacturability and for procurement of additional systems for performance and reliability testing. The P2...

Fuel-cell developers see bottom line improve

A survey of 18 fuel-cell developers around the world found none of them was profitable last year, although their combined revenues rose 20 per cent to $243 million US, accounting firm PricewaterhouseCoopers (PWC) said.
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