Fuel Cell

Astris Energi Inc. (ASRNF), the world's leading alkaline fuel cell (AFC) technology company, announced today it has paid down an existing debenture thus eliminating Astris' only long-term financial liability.

Dana Corporation (DCN) unveiled a number of new fuel-cell advancements at the Convergence 2004 automotive electronics show in Detroit. The advancements are featured on a fuel-cell scooter developed with Dana partners. One of just three in the world, the scooter is making its North American debut at Convergence.

Medis Technologies Ltd. (MDTL) announced that it has shipped 200 fuel cell Power Pack products to General Dynamics C4 Systems for testing in preparation for delivery of commercial units to its customer base. The aim of this program is to determine the products' response to a broad range of very rigorous tests relating to its ability to meet other military and civilian specifications. Medis plans to deliver an additional 100 Power Packs to its contract manufacturer Celestica in the next few weeks for a parallel testing program.

From Small Fries to Big Shots? (Pt. 2 of 2) Bill Paul Here now are two more small alternative energy companies, both of which look to be just starting to hit their stride. How far they'll go only time will tell, but each seems to warrant a closer look. Take note: like the vast number of other pure-play alternative energy firms with intriguing growth prospects, neither of these is U.S.-based. Rule of thumb: whether you're a big institutional or small individual investor, to succeed in alternative energy, you must scour every corner of the earth. First up: CBD Energy,...

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...

Distributed Energy Systems Corp (DESC) announced today the award of a Small Business Innovative Research (SBIR) Phase II contract from the U.S. Army Missile Defense Agency (MDA) to continue development of lightweight regenerative fuel cell technology for high altitude airships. The goal of this 2-year, $749,999 contract is to demonstrate a multi-kilowatt-capable closed-loop hydrogen-oxygen regenerative fuel cell and is a continuation of work completed in Phase I of this project. This regenerative fuel cell can generate pressurized hydrogen and oxygen electrochemically, without mechanical compression. MDA plans to apply this technology for energy storage for high altitude airships, which...

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...

Maxwell Technologies (MXWL) announced that General Hydrogen Corporation, a leading developer of hydrogen fuel cell-based power systems for electric forklifts, has placed a 200,000 unit, three-year, purchase order for BOOSTCAP® ultracapacitors to enhance performance and energy management in its Hydricity® Pack technology. The purchase order is part of a strategic supply agreement through which General Hydrogen will source ultracapacitors exclusively from Maxwell and receive strategic pricing if volume thresholds specified in the purchase order are reached.

ChevronTexaco Technology Ventures LLC (CTTV), a subsidiary of ChevronTexaco Corp. (CVX), unveiled its first Chevron Hydrogen energy station today at the Hyundai-Kia America Technical Center in California. ChevronTexaco is working with United Technologies Corporation (UTX) UTC Fuel Cells' equipped demonstration vehicles. At today's grand opening ceremony, racing legend Mario Andretti drove a Hyundai Tucson, equipped with a UTC Fuel Cells' 80-kilowatt, all-weather proton exchange membrane (PEM) fuel cell power plant, to the new hydrogen fueling dispenser.

Altair Nanomaterials (ALTI) has been designated to receive an additional $2.5 million in Federal grant funding during 2006-2007 for the continued development of nanotechnology, nanosensors, and nanomaterials research, development and deployment. The $2.5 million funding was included in the Congressional Energy and Water Development Appropriation for Fiscal Year 2006, which was passed by the U.S. Senate and the U.S. House of Representatives on November 8, 2005. We anticipate the appropriation will be signed by the President within the next week. ALTI had a nice 10% jump in the price yesterday on this news.

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...

by Debra Fiakas CFA In the last post on Hydrogenics, Inc. (HYGS:  Nasdaq) in April 2014, the stock seemed to be languishing on news of a potentially dilutive common stock offering.  At the time profits still seem illusive.  However, over the last few months circumstances have improved.  Shares of Hydrogenics have moved higher on the company’s recent introduction of a fuel cell power system for medium and heavy duty vehicles.  Additionally, in July this year Hydrogenics was chosen by Ontario as one of five grid storage projects.  This has turned HYGS into an interesting stock to watch. ...

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.

The Connecticut Clean Energy Fund has agreed to provide funding to Proton Energy Systems, Inc., a subsidiary of Distributed Energy Systems Corp (DESC) to design, build and conduct a 24-month demonstration of a 5kW Regenerative Fuel Cell (RFC) for a telecommunications site in southwestern Connecticut. The project proposal from Proton is consistent with the Connecticut Clean Energy Fund's mandate to support projects that promote the commercialization of fuel cells and illustrate their importance as a clean, reliable distributed energy source.

Hydrogenics Corp (HYGS) warned that first-quarter revenue would be below expectations because of production delays in its OnSite Generation unit. Hydrogenics said it expects revenue of $4.5 million to $6.5 million during the quarter. The Company also anticipates that it will secure a minimum of approximately $7.0 million of new orders in the first quarter of 2006.

Distributed Energy Systems Corp (DESC) announced that they received its third award from the University of Nevada Las Vegas Research Foundation (UNLVRF) to continue its work on hydrogen fueling stations for automobiles and other motor vehicles. The fueling station's design is expected to incorporate a high-capacity electrolyzer, capable of generating up to 12 kilograms per day of hydrogen enough to fuel at least two fuel cell light duty vehicles.