Fuel Cell

Alternative energy companies saw a market boost Tuesday after the U.S. energy secretary reiterated the president's support for alternative energy. "In the first year of that program, we've had tremendous success," Abraham said in an interview on CNBC. "We've bought international support to this effort and we're moving as fast as we believe the research can move." Companies that saw a bounce from Abraham's comments included Fuelcell Energy Inc (FCEL), Beacon Power Corp (BCON), Plug Power Inc (PLUG) and Quantum Fuel Systems Technologies Worldwide Inc (QTWW). Beacon Power saw the biggest percent jump of 29.4 percent,...

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.

Forbes.com has an article about Mechanical Technology Inc (MKTY) micro fuel cell technology. They are currently providing the power source for Intermec Technologies hand-held RFID reader. There is also news from MKTY on this annoucement from the following press release link.

Alternate Energy Corp (ARGY) announced the completion of the second phase of its backup power initiative with the final testing of its beta version demonstration HPU (Hydrogen Production Unit). Last week, the HPU successfully powered the Company's recently converted internal combustion engine (ICE) with its low-cost, on-demand hydrogen. Over the past several months, AEC has been focused on the building of ICE and fuel cell generator sets to demonstrate to investors and potential customers AEC's hydrogen fuel production capability. AEC's Chairman, Blaine Froats, stated, "AEC's demo unit will prove that an ICE generator can produce electricity using safe,...

Distributed Energy Systems Corp (DESC) announced a contract award valued at nearly $1.2 million with the University of Nevada, Las Vegas Research Foundation, or UNLVRF. This is a follow-on to the Phase I contract under which Proton and the UNLVRF team are developing a hydrogen filling station capable of operating on solar power for installation in Las Vegas, Nevada.

Hydrogenics Corp (HYGS) reported today that it has been awarded a contract by The Toro Company (TTC) to supply a HyPM fuel cell power module for integration into the company's development work in grounds maintenance equipment. This contract is part of Toro's ongoing strategic alternative energy research and development initiative for turf care equipment.

Privately held NanoDynamics announced that the company introduced its ground-breaking new portable solid oxide fuel cell at the 2004 Fuel Cell Seminar Exhibition in San Antonio, Texas earlier this week. "We are very excited to have introduced the Revolution(TM) 50 at this conference," commented David Bothwell, Director of NanoDynamics' ND Energy. "For the past two years, the Company has been working to create a powerful combination of nanomaterials and novel cell design to demonstrate the power of nanotechnology. The resulting fuel cell system is lightweight, portable, compact and can be operated using conventional hydrocarbon fuels, such as propane....

Volkswagen AG, Europe's biggest carmaker, said it agreed to develop fuel-cell vehicles in China, as part of global efforts to invest in low-polluting cars. Volkswagen signed an agreement with Tongji University and German engineering company IAV to produce a model fuel-cell vehicle, the German carmaker said in an e-mailed statement. Wolfsburg-based Volkswagen will provide the body and Tongji will contribute fuel cells and high-power batteries, it said.

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."

Astris Energi Inc. (ASRNF) announced they had received a purchase order from Alternate Energy Corporation (ARGY) for the first Model E8 Portable Power Generator covered by the value-added reseller (VAR) agreement they signed in May 2004. As well as the initial unit to be delivered in a few weeks, the purchase order included five additional Model E8s to be delivered in stages later in 2005. The E8 Generator is the latest in a series of Astris power generators driven by Astris' AFC technology. Nominally rated at 2.4kW and providing 48 VDC power at 50 amperes of current, the...

UTC Fuel Cells, a business of United Technologies Corporation (UTX), today announced changes to its long-standing relationship with Toshiba. Under the terms of the agreement, UTC Fuel Cells will purchase Toshiba's 10 percent ownership interest in UTC Fuel Cells, and Toshiba will purchase UTC Fuel Cells' 49 percent interest in Toshiba International Fuel Cells (TIFC). UTC Fuel Cells manufactures the PureCell 200(TM), a phosphoric acid fuel cell (PAFC) stationary power unit, and develops proton exchange membrane technology (PEM) fuel cells to power cars and buses. UTC Fuel Cells also is developing PEM for stationary power plants. Toshiba is...

Hydrogenics Corp (HYGS) has sold a light weight 5kW hydrogen/oxygen Proton Exchange Membrane (PEM) fuel cell stack to the NASA Glenn Research Center, which will use it in an experimental closed cycle hydrogen-oxygen regenerative fuel cell. This type of system can be used for energy storage in places where oxygen is not easily available, such as very high altitude, space or underwater environments. NASA will use this stack as part of its research program to understand how the regenerative fuel cell will operate in future aerospace applications.

The automotive fuel cell industry now stands out as a glimmering beacon in the supply chain's vertical landscape. Driven by factors ranging from homeland security to diminishing natural resources, the fuel cell supply chain market will explode to somewhere between $1 billion and $2 billion by 2012, according to analysts at ABI Research.

Hydrogenics Corp (HYGS) announced that the Company has undertaken a second work order with ChevronTexaco Technology Ventures LLC under the master services agreement signed between the two companies earlier this year. Hydrogenics' contract is for the provision of engineering and product- related services to integrate a fully packaged hydrogen generator based on proprietary natural gas reforming technology being developed by ChevronTexaco. Plans for the facility include ultimately having the capacity to generate 150 kg/day of hydrogen to serve the fueling needs of a fleet of fuel cell demonstration buses at AC Transit in Oakland, California. The station...