Fuel Cells: Know Your Market

by Debra Fiakas CFA The New Year got off to a rocky start for Ballard Power Systems (BLDP:  Nasdaq), a developer of fuel cell technologies and systems.  The company ran into some trouble with its strategy to penetrate the China market through a partner.  No one should be surprised by Ballard’s difficulties.  Fuel cell technology has been under development for more than two decades.  Frankly, technology is not the problem  -  at least any more.  Early on developers were beset by numerous challenges, not the least of which was the problem of getting fuel cells to work properly...

Hydrogenics Receives Second Order for Multiple Test Stations from Leading Korean Energy Company

Hydrogenics Corp (HYGS) announced it has received orders for three FCATS® fuel cell test stations from GS Caltex, a leading Korean energy company. Hydrogenics will provide a FCATS G300 Test Station and two FCATS G50 Test Stations with delivery expected in 2006. The test stations will be used to advance GS Caltex's activities in new and emerging energy technologies, including small stationary fuel cell applications (below 10 kilowatt) for residential use.

MTI Micro Receives Certification Agency Approval For Shipment of Methanol Fuel Cartridges

Mechanical Technology Inc (MKTY) announced today that it has received United Nations (UN) Packaging Certification and is now in United States Department of Transportation (DOT) Compliance for shipment of its methanol fuel cartridges, supporting its initial product launch planned by year-end. With this UN and DOT recognition in place, authorized shippers can now conveniently transport MTI Micro's fuel refills by ground, sea and air, both domestically and internationally. "MTI has emerged as a leader in the development of safe and reliable methanol fuel cartridges and packaging," said John Lynn, President and CEO of the Methanol Institute, the global...

Hydrogenics Expands Line of HyPM(R) Fuel Cell Power Modules

Hydrogenics Corp (HYGS) announced two additions to its HyPM® product line at this week's 2004 Fuel Cell Seminar in San Antonio, Texas. The two additions are the HyPM 7 (kW) unit and the HyPM 65 (kW) unit, both with which the Company will strategically access additional early market opportunities that exhibit long-term potential, specifically in light mobility and backup power applications.

Kainos Energy Corporation Receives Grant from the National Science Foundation

Privately held Kainos Energy Corporation, a developer of nanotechnology to reduce cost and improve performance of fuel cells, announced that it was awarded a Phase I Small Business Innovation Research (SBIR) grant from the National Science Foundation (NSF). The Phase I award supports a project entitled "Innovative Laser-Based Process for Commercially Viable Nanostructured Solid Oxide Fuel Cells." "Significant cost and performance barriers continue to hinder fuel cell commercialization. Our technology will overcome these barriers, lead to advanced cell and stack designs, and enable mass commercialization of a variety of powerful fuel cell applications," noted Sami Mardini,...

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.

UTC Power Introduces New Brand Name for Fuel Cell Power System

United Technologies Corporation (UTX) has renamed the PC25(TM), the industry's foremost 'workhorse' fuel cell power system, to the PureCell(TM) 200. UTC Power has been producing the on-site power plant since 1991. The system generates 200 kW of clean, reliable electricity and 900,000 BTUs of usable heat suitable for co-generation applications. With a five-year continuous duty cell stack durability and 85 percent efficiency, the PureCell(TM) 200 sets the standard for fuel cell reliability and efficiency. The PureCell(TM) 200 technology has been installed in 19 countries on five continents, ranging from a New York City police station to a science center...

Alternative Energy Gets Real

BusinessWeek has written an article about the investment opportunities available int he Alternative Energy marketplace. Renewable energy is booming. The use of solar power has been growing by more than 30% a year and, except for a hiccup in 2004 when Congress delayed renewing a tax credit so has wind power. Ethanol is heading for record production levels. And there's no end in sight, given high oil and gas prices, an increasing number of government mandates and incentives, and the first real steps toward tackling global warming. Clean Edge Inc., a research and strategy consultant, predicts...

Hydrogen Storage Project Moves Ahead as BOC Invests in HERA

Hydrogen Storage Systems Inc. ("HERA"), today announced a significant demonstration of support in its technology with the addition of BOC Group PLC (BOX) as a new shareholder in the Company. HERA is a leading developer of solutions based on its proprietary hydride technology for automotive, transportation and hydrogen distribution applications including hydrogen storage.

Hydrogenics Wins Contract to Provide Fuel Cell Power Module for Aircraft Tow Tractor Demonstration

Hydrogenics Corp (HYGS) announced today that it has won a contract to supply a 65 kilowatt hydrogen fuel cell power module to the U.S. Department of Defense (DoD) Fuel Cell Test and Evaluation Center (FCTec) operated by Concurrent Technologies Corporation (CTC). The power module will be integrated into an Aircraft Tow Tractor by CTC and will be used in fuel cell demonstrations at select Air Force Bases and civil airports in the United States, in conjunction with the United States Air Force Advanced Alternate Power Technology Transformation Office, Warner-Robins AFB, Georgia. The fuel cell system will be delivered...

Fuel Cell Follies: Off-Roading

by Debra Fiakas CFA Consumer adoption of hydrogen-fueled vehicles could have quite a catalytic impact on the entire fuel cell industry.  Two of the public fuel cell technology companies come to mind first:  Plug Power, Inc. (PLUG:  Nasdaq), FuelCell Energy, Inc. (FCEL:  Nasdaq) and Ballard Power Systems, Inc. (BLDP:  Nasdaq).  These companies have been toiling away for years on fuel cell technologies, finding success on the periphery with industrial, campus and power generation solutions.  All three companies trade at modest prices and could look like great bargains for investors with an extended investment horizon.  Forklift Fuel Cells...

Millennium Cell Delivers Stationary Hydrogen Energy System for Military and Industrial Applications

Millennium Cell Inc (MCEL) announced that it has delivered a five (5) kW Hydrogen on Demand® system for testing at the U.S. Department of Defense (DoD) Fuel Cell Test and Evaluation Center operated by Concurrent Technologies Corporation (CTC). These systems were designed and developed under Millennium Cell's subcontract from CTC announced on October 8, 2004.

FuelCell Energy, Inc. Receives a Gold Connecticut Quality Improvement Award Innovation Prize

Fuelcell Energy Inc (FCEL) announced that it received a gold Connecticut Quality Improvement Award (CQIA) Innovative Prize for increasing sales of its 'ultra-clean' Direct FuelCell® (DFC®) power plants. The innovative feature of the Company's DFC products is the ability to electrochemically produce electricity from readily available fuels such as natural gas, wastewater treatment gas and coal gases.

SFC Energy: Growing Remote Power

by Debra Fiakas CFA Fuel cell developer SFC Energy, A.G. (F3C.DE) recently came calling on money managers in New York City.  The company’s chief financial officer Steffen Schneider wants U.S. investors to know SFC has more going for it than simple fuel cells.  True enough the company sells fuel cell components, but it is also capable of delivering complete off-grid energy solutions and integrating full systems. Schneider talks up SFC’s sterling customer list, including Volkswagen, Siemens, Schlumberger, Shell Oil, Arch Coal, Conoco-Phillips, and other industrial users.  Then there are government agencies such as NATO, the FBI in...
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