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8/31/2000 DCH Technology Honored With Prestigious
Award - DCH/PRNewswire
DCH Technology, Inc. (Amex: DCH) a leading innovator of hydrogen fuel cells and
hydrogen sensors, has received The Blue Chip Enterprise Award (BCEA) from the United
States Chamber of Commerce in conjunction with The Mass Mutual Financial Group. "The
award recognizes small businesses that have overcome challenges, seized opportunities,
creatively utilized resources and achieved success," said BCEA director Alisa
Gaudiosi. DCH was one of six recipients from more than 2500 applicants. The selection
process consisted of a detailed assessment and rating system conducted by the U.S. Chamber
of Commerce. DCH is a State of California winner. DCH Technology manufactures and
assembles hydrogen-specific leak detection and in-line hydrogen process monitoring
equipment used today in over 36 industries worldwide.
8/28/2000 Avista Corp. Subsidiary, Avista Labs,
Announces New Fuel Cell Patent - Avista Corp/PRNewswire
"Today's patent grant reaffirms Avista
Labs' position as a leader and innovator in PEM fuel cells," said Kim Zentz, Avista
Labs president. "Avista Labs continues to prove itself adept at developing innovative
technology focused on the end-user." In August 1999, Avista Labs entered into an
exclusive partnership with Chicago-based UOP LLC, a leading international supplier and
licensor of fuel processing technology. "Integrated natural gas powered units began
test operation earlier this summer," said Zentz. Together the companies are working
to produce the first modular, integrated fuel cell power plant. Avista Corp. continues its
work with Merrill Lynch to evaluate strategic options as Avista Labs pioneers the
development and commercialization of its fuel cell power system.
8/28/2000 Beck & Co. Announces Completion of Acquisition of
GreenVolt Corp.- South Bay Capital/Business Wire
Beck & Co. (OTCBB:BCKC) is pleased to announce that
it has completed the acquisition of all the outstanding common shares of GreenVolt Corp.
("GreenVolt"), a private company located in Orillia, Ontario, Canada.
...GreenVolt is involved in the business of developing and commercializing alkaline fuel
cell ("AFC") systems and products for use in transportation, stationary and
portable power applications.
8/24/2000 Ford to Evaluate Stuart PersonalTM
Fuel Appliance - Stuart Energy/Canada Newswire
Stuart Energy Systems Corporation
announced today that Ford Motor Company has issued a purchase order to test and evaluate a
series of Stuart Personal(TM) Fuel Appliances over the next two years. The Stuart
Personal(TM) Fuel Appliance is packaged, scaleable, portable and compact proprietary
hydrogen fuel technology. The appliances to be delivered to Ford will convert electricity
and water into pressurized hydrogen fuel for fuel cell vehicles and test beds on a zero
emission basis. Ford is scheduled to receive the first Stuart Energy prototype unit this
year. Ford will conduct evaluations and provide information on usability and performance.
The data will be incorporated into subsequent prototypes to be delivered to the automaker
over the two year period. Andrew Stuart, President and CEO of Stuart Energy, said Ford's
interest in the Stuart Personal(TM) Fuel Appliance development program will be very
valuable in preparing the product for market. "Ford's feedback will help us to
develop a user friendly and cost effective hydrogen fueling product. Our plan is to have
the Stuart Personal(TM) Fuel Appliance ready for market at the same time as the hydrogen
fuel cell cars are introduced in showrooms". Stuart Energy has been collaborating
with Ford since 1995, when the Company was contracted by Ford in a study to evaluate a
gaseous hydrogen fuel infrastructure option. The Stuart Fuel Appliance approach,
consisting of distributed hydrogen generation and supply, was identified by Ford as being
an effective solution to the hydrogen fuel infrastructure challenge.
8/24/2000 Stuart Files Amendment to IPO Preliminary Prospectus
- Stuart Energy/Canada Newswire
The amendment includes details on the
commercial joint venture formed by Stuart Energy and Cheung Kong Infrastructure Holdings Limited.
The purpose of the joint venture is to distribute Stuart products and enable CKI to
implement a hydrogen fuel infrastructure for the coming generation of hydrogen fuel cell
vehicles in the territory of AustralAsia. CIBC World Markets Inc. is the lead manager for
a syndicate of underwriters, including BMO Nesbitt Burns, RBC Dominion Securities, TD
Securities and HSBC (Hong Kong and Shanghai Banking Corporation), in connection with
Stuart Energy's proposed initial public offering. CCFL Advisory Services Inc. is Stuart
Energy's principal financial advisor.
8/24/2000 Innovation for Fuel Cell Plates Slashes
Cycle Time, Cuts Costs - Power Online
Thermoset leaders Ferromatik Milacron North America, Apex
Plastic Technologies, and Premix/Quantum recently collaborated on an injection molding
“first” that cuts the cost and production time for a key component used in fuel
cells, said Taras Konowal, president of Apex. The thermoset injection process, he said,
replaces the costly and time-consuming compression molding process for making bipolar fuel
cell plates, while cutting cycle time significantly.
8/24/2000 Synergy Technologies Announces Release of Technology
Transfer Shares - Synergy Technologies/Canada Newswire
The delivery of the shares to Laxarco
Holding will occur concurrent with the acquisition by Synergy Technologies of all the
rights to the heavy oil conversion technology, CPJ, including all patents filed or pending
and the release of the shares of Syngen Technologies Limited to Synergy at which point
Syngen Technologies will become a wholly owned subsidiary. ...Syngen Technologies holds the patents and rights to the GlidArc
technology which is the mainstay of the Company's technology for the formation of syngas
for use in multiple applications including gas to liquids facilities ("GTL") and
production of hydrogen for stationary and on-board fuel cells as well as petrochemical
applications.
8/23/2000 FuelCell Energy, Inc. Announces 100 Percent
Stock Dividend - FCE/Business Wire
FuelCell Energy, Inc. (NASDAQ:FCEL)
announced that its Board of Directors has declared a 100 percent stock dividend on its
common stock, having the effect of a two-for-one stock split. ....The Company has
approximately 7,685,000 shares of its common stock outstanding. As a result of the stock
dividend, the Company will have approximately 15,370,000 shares of common stock
outstanding as of September 6, 2000. ...The Company's Direct FuelCell technology
eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel.
8/22/2000 CKI Invests in Canadian Hydrogen Fuelling Company, Stuart
Energy - Cheung Kong Infrastructure
Stuart Energy Systems is a leading
developer and provider of generating systems that produce hydrogen at the pressure and
purity required for use as a transportation fuel. With its advanced technology, Stuart has
mastered the challenge of converting hydrogen into a fuel that is both cost-efficient and
easy to transmit. This is a major breakthrough in the field of science as hydrogen has
always been a very valuable source of fuel. To capture the market which is expected to
grow exponentially arising from regulatory requirements in the US for introducing zero
emission vehicles, the company has demonstrated usage of Vehicle Fuel Appliances for
hydrogen cars and buses. Hydrogen fuel can also used for home appliances such as heaters
and cooking stoves, and in marine propulsion and regenerative power systems. Stuart is
filing for an IPO and intends to file an amendment to its preliminary prospectus which
provides additional details of the relationship between CKI and Stuart. Stuart's IPO
roadshow activities will commence at the end of the month, and the company will be
introduced to the Hong Kong investment community in the beginning of September. CKI's
investment in Stuart has made CKI one of the three cornerstone shareholders of Stuart
together with the founding Stuart Family Trust and Samuel C. Johnson Trusts. "We are
very excited about this opportunity to participate in the pre-IPO stage of a company as
promising as Stuart. With environmental protection becoming a global trend, clean and
cost-efficient fuel will be the key to future technology growth. CKI sees great potential
in the hydrogen fuel business. With Stuart's extensive experience in the hydrogen business
and its hi-tech capabilities, we are confident that the company will quickly become a
leading supplier of hydrogen fuel appliances and fuel services in a vast range of
fuel-driven industries," said Mr H L Kam, Group Managing Director of CKI. In addition
to acquiring an equity stake in Stuart, which aims to market hydrogen fuel to all
fuel-driven industries on a worldwide basis, CKI has obtained exclusive rights to Stuart's
technology and products in Asia Pacific. This exclusivity was licenced to CKI by a joint
venture company formed by Stuart and CKI (Stuart: 60% shareholding; and CKI: 40%) whose
mission is to develop the hydrogen fuelling business in Asia Pacific.
8/23/2000 Performance Testing of Solid
Oxide Fuel Cells - Tokyo Gas
Located in Tokyo's Minato ward, the
Fundamental Technology Research Laboratory of Tokyo Gas Co., Ltd., recently succeeded in
independently developing a flat solid oxide fuel cell (SOFC) which boasts the world's
highest generative output. The company attached 70 of these cells to an SOFC testing
machine which is city gas driven and manufactured by the Swiss company Sulzer Hexis. This
testing proved that the cells are capable of thermally self-sustaining operation with an
electrical output of 1.1 kilowatts while maintaining temperatures above 950¡C, solely on
the strength of the heat generated by the cells. Tokyo Gas has been promoting development
of flat SOFCs for a high-efficiency generation system with an output in the range of tens
of kilowatts. Test results confirmed that the newly developed cells have a generating
performance fully sufficient for use under actual operating conditions, and that the
application possibilities of SOFCs can be expanded to include small-capacity fields.
8/22/2000 Cheung Kong Infrastructure and Stuart Energy
Form AustralAsia Joint Venture - Stuart Energy/PRNewswire
Cheung Kong Group is based in Hong Kong.
Total market capitalization at July 15, 2000 was approximately HK$812 billion, or C$145
billion. It is composed of four publicly listed companies, one of which is CKI, the
largest diversified infrastructure company listed on the Hong Kong Stock Exchange.
8/22/2000 Syntroleum to Offer Refining Technology to
Licensees - Syntroleum/PRNewswire
Syntroleum's hydrocracker technology
operates at lower pressure and requires less hydrogen than is normally required for
hydrocracking conventional crude oil. The technology was developed by Syntroleum's product
refining team in Tulsa and utilizes a catalyst system supplied by a third-party vendor.
Syntroleum has used the technology to produce test fuels for several major auto
manufacturers, national laboratories, current licensees and others.
8/23/2000 Plug
Power CEO Resigns as Fuel Cell Developer's Losses Mount - Dow Jones
Fuel-cell developer Plug Power Inc. said
Gary Mittleman has resigned as president, chief executive and director. ...Mittleman's
departure comes just three weeks after Plug Power's shares plunged following the company
posting a wider-than-expected loss in the second quarter and announcing it amended its
agreement with strategic partner General Electric Co. (GE). Plug Power said it won't have
a commercial fuel-cell product available until the first half of 2002 and sees no
"significant" sales to GE until then.
8/22/2000 Astris Energi Delivers Portable Fuel Cell
System to Czech Military - Astris Energi/Business Wire
According to Jiri K. Nor, president, this
milestone is the culmination of a three-year program to develop and evaluate portable,
fuel cell-based power sources to be used by the military. The Model E5B is a complete,
self-contained working fuel cell system based on Astris's proven alkaline fuel cell
technology, Nor said."It demonstrates the feasiblity and practicality of small
portable fuel cell systems, and also confirms the capability of Astris to fully engineer
and produce fuel cell systems for use in the field." The generator is fueled by
gaseous hydrogen and air as the oxidizer, Nor explained. An integral hyrdrogen fuel tank
with a capacity of 5.1 liters compressed to 3,000 pounds per square inch, provides 1.5
kilowatt-hours of electrical output. Refueling from a compressed hydrogen supply takes
only a minute via a quick disconnect pressure port, he said.
8/21/2000 Canadian Company's Metal-Air Fuel Cell
Powers Cell Phone to 8 Hours Talk Time - Aluminium-Power/PRNewswire
The battery itself is a self-contained power
source composed of an aluminum anode set in an alkaline solution and an oxygen diffusion
cathode. The aluminum fuel cell can be recharged to its original capacity simply by
replacing its rechargeable cartridge. Full power is available instantaneously - the
battery consists of a sealed, quick-change cartridge containing the aluminum and
electrolyte. To refuel, users simply remove the spent cartridge and put in a new one,
providing for continuous use. Key to the battery's greatly extended operating power is the
energy density of aluminum, which at 8100wh/kg is approximately 75 times more energy dense
than conventional lithium ion cells. This density allows the aluminum- air battery to
deliver far greater energy over much longer periods of time and at considerably reduced
cost.
8/20/2000 New Random and Block Copolymers Bring Fuel Cells Closer to Everyday Use
- Virginia Tech
Virginia Tech chemists, among others, will report their
progress on developing down-to-earth fuel cell materials during the 220th national meeting
of the American Chemical Society Aug. 20-24 in Washington, D.C. ... Proton-exchange
membrane (PEM) fuel cells — the most suitable for automotive, home, and
computer-power uses because they operate at moderate temperatures — are
polymer-based. ... One challenge is that polymer properties change with time and
temperature, which restricts applications. Chemistry professor James McGrath's research
group is developing new PEMs with improved behavior, such as the ability to operate at 110
to 120 degrees C instead of only 80 degrees C. At the general polymer chemistry session on
Wednesday, Aug. 23, the Virginia Tech researchers will give two papers that report on the
synthesis of sulfur-containing polymer materials by direct polymerization, which may have
the advantage of being stable at higher temperatures, but which have not been examined for
PEM use.
8/18/2000 [DCH Technology] EPRI PEAC Corporation Purchases Enable(TM)
Fuel Cell Power Quality System - DCH/PRNewswire
"With the technology from Enable
Fuel Cells Corporation, combined with EPRI PEAC's unique super capacitors, engineers
now have a solution that has high reliability and operates virtually maintenance
free," said Tom Geist, EPRI PEAC Power Quality Manager. "Enable has moved fuel
cell technology out of the laboratory and into the real world." EPRI PEAC
demonstrated the system yesterday to more than 50 global utilities at its laboratories in
Knoxville, Tennessee. The system was fully tested earlier in the week and, Geist said,
"The fuel cell is working great. I am very pleased." Enable worked closely with
EPRI PEAC to develop the unit, which offers utilities the ability to reliably adjust very
quickly to varying load conditions, including rapid response to grid drop-on the order of
75 microseconds. It consumes hydrogen, tap water, and air to produce 3 kilowatts of
electrical power, delivered to either a 200 VDC load, 400 VDC load, or 208 VAC line or
load. The proton exchange membrane (PEM) technology of the system's Enable(TM) fuel cell
minimizes parasitic energy consumption.
8/17/2000 [DCH Technology] Enable(TM) Fuel Cell Featured In TACOM
Presentations - DCH/PRNewswire
The presentation, by TACOM's Alternative
Fuels Team, reviewed several alternative technologies -- including fuel cells -- with
potential application on next-generation line-haul (large, over-the-road) trucks for the
Army and industry. Alternative Fuels Teams Spokesperson Michael Clauson said one of their
goals is to increase fuel economy of these vehicles threefold, and that fuel cells could
potentially provide such savings when used to drive the electrical components of the
vehicles. Central to the presentation was a 1/10-scale model of a line-haul vehicle,
which, for impact purposes, was powered using a portable fuel cell. "DCH was the only
company able to provide us with a working, appropriately-sized portable fuel cell within
the time we had to complete the demonstration truck," said Clauson. TACOM is a member
of a consortium of vehicle OEMs -- including Freightliner, Ford, and Navistar --
developing advanced concepts for a "21st Century Truck." ..."We were able
to respond on-demand to the specific needs of TACOM-NAC, and now are in a position to
demonstrate the Enable(TM) Personal/Portable Fuel Cell to many important audiences,"
said Dennis Reid, DCH Director of Marketing and Sales. "This again demonstrates our
aggressive strategy to rapidly bring fuel cell solutions to everyday needs."
Army, Government, Industry Team to Develop Better, Cleaner
Trucks - TACOM
8/15/2000 [Nexant] Rentech Announces ITN Energy Systems
Participation in $2.3 Million DOE Vision 21 Program for Hydrogen Separation Membrane
Technology - Rentech/PRNewswire
Rentech, Inc. (Amex: RTK) today announced that ITN Energy Systems, Inc (ITN)
of Wheatridge, Colorado, of which Rentech holds a ten percent passive interest, was
recently notified by the Department of Energy (DOE) that it has been selected for a
proposed $2.3 million DOE award for the development of a "novel ceramic membrane to
separate hydrogen from fossil fuel gas streams," under the DOE Vision 21 program.
Under the project title, "Novel Composite Membranes for Hydrogen Separation in
Gasification Processes in Vision 21 Energy Plants," ITN, with Idaho National
Engineering Environmental Laboratory, Idaho Falls, Idaho; Nexant, San Francisco, California;
Argonne National Laboratory, Argonne, Illinois; and Praxair, Inc., Danbury, Connecticut,
"propose a novel approach to hydrogen separation membrane technology where
fundamental engineering material development is fully integrated into fabrication designs,
combining functionally graded materials, monolithic module concept and plasma spray
manufacturing techniques. The technology is based on the use of Ion Conducting Ceramic
Membranes (ICCM) for the selective transport of hydrogen. The membranes will consist of
composites of a proton conducting ceramic and a second metallic phase to promote
electrical conductivity. The program will develop and evaluate composite membranes and
catalysts for hydrogen separation. Components of the monolithic modules will be fabricated
by plasma spray processing. The ICCM hydrogen separation technology is targeted for use
within the gasification module of the Vision 21 fossil fuel plant. The proposed technology
also results in a stream of pure carbon dioxide. This allows for easy sequestration or
other use of this greenhouse gas." http://www.fetc.doe.gov/
8/15/2000 CARB Chairman Attends Opening of New IMPCO
Facility - The Auto Channel
IMPCO's latest facility expansion is
required to accommodate IMPCO's major automaker customers (OEMs) requirements for Fuel
Cell Vehicle (FCV) and Alternative Fuel Vehicle (AFV) rapid prototyping of advanced fuel
system components and to quickly develop and integrate vehicle level systems. ...Dr. Alan
Lloyd, Chairman, California Air Resources Board said, "IMPCO is an example of a
premiere high technology California Company taking a lead in the advancement of clean
vehicle technologies, including hydrogen storage and fuel delivery systems for automotive
internal combustion and fuel cell vehicles. It is companies like IMPCO who will have a
major impact on the reduction of vehicle exhaust emissions, not only in California, but
worldwide for decades to come. I applaud IMPCO's efforts."
8/15/2000 Technical Insights Report Analyzes
Technology and Markets for a New Alloy - Technical Insights/PRNewswire
The Report, Quasicrystals: Novel Materials
Spur Markets for Composites, Surface Coatings, Thermoelectric Devices, and Hydrogen
Storage, explains how the unique hardness and applicability of this material is helping
developers break new ground. ...The analysts relied on primary research verified by
secondary sources to explore the technology trends and market potential behind the
development of quasicrystals. "Unlike conventional crystals, which are composed of
repeating identical crystal building blocks, quasicrystals are characterized by
larger-scale atomic patterns called quasiperiodic sequences that nearly recur but never
quite manage to achieve strict repetition," says Leo O'Connor, editor of the
Technical Insights Reports program. As a result, quasicrystals show properties of both
amorphous glass and crystalline alloys. In other words, they are extremely hard. Some of
the first applications of quasicrystalline materials are already on the market.
8/11/2000 Hydrogen Research and Applications Center Announces First
Funded Effort - Flordia Solar Energy Center
This new U.S. Department of Energy hydrogen
research project will assess the technical feasibility and economics of hydrogen
production from renewable, as well as conventional, energy sources. The renewable hydrogen
production processes to be evaluated are high-temperature solar-driven water splitting
cycles. The conventional processes are high-temperature hydrogen sulfide and methane
splitting and catalytic reforming of ammonia. The analysis will first perform the
appropriate simulation of the chemical processes involved in order to determine their
performances, followed by a standard methodology for cost analysis and economics.
Hydrogen
Research Applications Center (HRAC)
8/10/2000 Texaco Establishes Texaco Technology
Ventures - TX/Business Wire
Frank C. Ingriselli has been named President
of TTV, effective immediately. In June Texaco completed the purchase of a 20 percent
interest in Energy Conversion Devices, Inc. (ECD) for $67.4 million. At the time of the
announcement, the companies also agreed to establish joint ventures for the continued
development and commercialization of advanced energy technologies. In July William W.
Wicker, Senior Vice President of Texaco and James R. Metzger, Vice President and Chief
Technology Officer of Texaco, were elected to ECD's Board of Directors. Commenting on the
establishment of TTV, Wicker said, "Texaco Technology Ventures will lead Texaco's
efforts in the commercialization of ECD's unique energy-related technologies in the areas
of fuel cells, photovoltaics, batteries and hydrogen storage...."
8/10/2000 Global Green USA Urges Governor, State Legislative Leaders
to Drastically Increase Funding for Efficiency, Distributed Generation -
Global Green USA/Business Wire
In order to meet California's electricity
needs both for the short- and long-term future, Global Green USA today urged Governor Gray
Davis, Senate Pro Tempore John Burton, Speaker Robert Hertzberg, Senator Deborah Bowen and
Assemblyman Roderick Wright to take drastic actions to cut electricity use and increase
distributed renewable energy generation. "Governor Davis and our legislative leaders
can protect California from the economic and safety hazards of rolling blackouts and dirty
power plants by drastically increasing funding for energy efficiency, conservation
education, and on-site energy generation such as photovoltaics and hydrogen fuel
cells," said Matt Petersen, Global Green USA's executive director.
8/9/2000 DCH Technology, Inc. Approved to Trade on
the AMEX - DCH/PRNewswire
The company will begin trading on AMEX
beginning tomorrow under the symbol "DCH". The market specialist for DCH stock will be Spear, Leads &
Kellogg, the largest specialist firm on the floors of the New York and American Stock
Exchanges. "In a word, the DCH family is rejoicing," said Chairman David P.
Haberman. "We are extremely happy to be part of the AMEX, happier still be the first
company dedicated to a hydrogen-energy future on the exchange, and happiest of all to have
demonstrated to the investing public that a socially responsible company is a great
addition to an investing portfolio." ..."We will lead in bringing hydrogen fuel
cells to everyday people for everyday needs -- providing new personal freedom for the
businessman, the sports enthusiast, the elderly and disabled, and for those regions of the
world deserving of a reliable source of electric power on demand, and more." ...The
exchange is part of the Nasdaq-Amex Market Group, which also operates the Nasdaq Stock
Market, and is a subsidiary of the National Association of Securities Dealers Inc., the
largest securities-industry, self-regulatory organization in the United States. It is this
group that audited and approved DCH and enforces the rules that decide on which exchange a
company may be listed.
8/9/2000 California Air Resources Board Awards Grant
to Hydrogen Burner Technology for Hydrogen Refueling System - HBT/PRNewswire
Hydrogen Burner Technology, Inc.
(HBT) announced today that it has been awarded a grant from the California Air Resources
Board (CARB) for a hydrogen refueling station for fuel cell powered vehicles. The
refueling system is being installed at the SunLine Transit Agency in Thousand Palms, CA.
The system will help support the introduction of Hythane(C) buses and new fuel cell buses
from Excellsis Fuel Cell Engines, Inc. David Moard, HBT president explained, "Why not
use the natural gas infrastructure as a transportation mechanism for hydrogen? Why not use
currently unharvested vented or flared natural gas as a source of hydrogen?" He
added, "The SunLine project provides the opportunity to examine these possibilities
and the relevant economics." ...The grant was awarded under CARB's Innovative Clean
Air Technologies Program (ICAT), which represents a partnership between the State and
technology developers. ..."The ICAT program is designed to help promising air
pollution control technologies move from the inventor's workbench to the marketplace. Only
ideas that are fully developed into commercial enterprises can be used to help cut air
pollution. HBT's project can result in cleaner air by tapping a previously unused
resource," said Michael Kenny, ARB Executive Officer.
8/9/2000 DCH Technology, Inc. to BuildState-Of-Art
Facility For High-Volume Fuel Cell Manufacturing - DCHT/PRNewswire
DCH Technology, a leading innovator in the
hydrogen-based energy market, announced today that its wholly-owned subsidiary, the
Enable(TM) Fuel Cells Corporation, will soon begin construction of a 23,000 square-foot
facility-specifically designed for rapid expansion to 80,000 square feet-for their
Enable(TM) fuel cell product family. The plant will integrate state-of-the-art
manufacturing equipment and processes for rapid, high-volume production of the company's
Enable(TM) fuel cell power systems. Enable(TM) personal/portable fuel cells are targeted
toward mass consumer markets while the higher-wattage Enable(TM) stationary fuel cells are
targeted toward consumer, commercial, industrial, and military markets. These market
sectors are viewed by experts as having multi-million dollar annual valuation.
8/9/2000 HPower Rockets Almost 50 Percent in Debut - Los
Angeles Times (CA/US)
Shares of fuel-cell development company
HPower Corp. (HPOW.O) were up roughly 35 percent above their offering price, making the
stock one of the highest percentage gainers on the Nasdaq in the company's debut Wednesday
morning.
8/8/2000 In the Emerging Marketplace for Fuel Cells
Watch Out for Solid Oxide, Says the Latest Futuretech Briefing From Technical Insights
- John Wiley & Sons/PRNewswire
The briefing, Solid-Oxide Fuel Cells, says
that within a few years as many as 30 million vehicles per year would benefit from a fuel
cell auxiliary power unit that powers a vehicle's electrical systems with the exception of
the system responsible for powering the wheels. ...Underscoring the importance of SOFCs,
Global Thermoelectric has a deal with Delphi Automotive to produce SOFC stacks for
Delphi's auto electrical system. Delphi has deals with BMW and Renault to produce these
systems. Technical Insights' Futuretech, put together from primary research verified by
secondary sources, says Global Thermoelectric has successfully tested a solid-oxide fuel
cell system running directly on natural gas. Using an integral reformer, the system
produced over 800 watts from a stack of twenty 10x10-cm. cells. An integral reformer is a
device incorporated directly into the hot area of the stack, where it converts natural gas
into a stream of hydrogen and other gases that are fuel for the cells. Global President
and CEO Jim Perry said the company's original goal was to produce an output level of 1,000
watts using a stack containing fifty cells. "The power per cell in this twenty-cell
stack considerably exceeded our original expectations," he said.
8/7/2000 DCH Technology, Inc. Installs Versatile
Hydrogen Monitoring Safety System For UNLV Hydrogen/Electric Hybrid Bus Development
Project
Dr. Robert F. Boehm, Director of the Energy
Research Center and Professor of Mechanical Engineering at University of Nevada, Las
Vegas, heads the project to develop a modified bus into a test-bed for advanced hybrid
concepts under a contract with the Nevada Operations Office of the U.S. Department of
Energy. UNLV has re-engineered the propulsion, energy storage and braking system. UNLV's
hydrogen engine was exhibited at the Global Energy Conference in Las Vegas, Nevada on July
25th. "Work is taking place related to control strategies for several systems ranging
from batteries, safety sensors and their operation, hydrogen fueled engine development,
and several other aspects," stated Dr. Boehm. "It is extremely important to
obtain a reliable hydrogen monitoring system, and we felt that DCHT's monitoring system
would more than meet our requirements at a cost reasonable to our overall project
budget," Dr. Boehm continued. "We have also contracted with DCHT to perform a
complete safety analysis of the entire bus."
8/7/2000 Fuel Cells Generate Investor Excitement by
Jonathon Berr - Bloomberg/Bergen Record (NJ)
New Jersey fuel-cell developers H Power
Corp. and Millennium Cell Inc. think they have solutions for a world that wants to drive
cars and power computers without fouling the air. ...Eatontown-based Millennium sold 3.7
million shares to the public Friday at between $10 and $12 per share. H Power, based in
Clifton, plans to sell 7 million shares within two weeks at $11 to $13. ...Plug's shares
plunged 24 percent Wednesday after the company said it will produce only one-fourth as
many fuel cells as expected this year and will delay introduction of a commercial device
until 2002. ...Millennium said in a U.S. Securities and Exchange Commission filing that
its boron fuel-cell systems "cost significantly more" than competing
technologies and may not succeed unless the company achieves economies of scale by
mass-producing the cells. The company's auditors have issued a report that questions its
"ability to continue as a going concern." Millennium has incurred operating
losses of $1.5 million since its inception in January 1999. It has no revenue. Earnings or
no, fuel-cell companies are looking attractive to investors who have grown weary of other
volatile sectors, such as Internet commerce or biotechnology, analysts said. "The
fuel-cell companies and the alternative-energy companies will make the dot-com bubble look
like it didn't happen," said Richard Schmidt, the editor of Stellar Stock Report, who
owns Plug shares.
8/4/2000 DCH Technology, Inc.'s Maritime Group to
Integrate Hydrogen Powered Water Taxi and Mobile Dockside Hydrogen Fueling Stations -
DCHT/PRNewswire
A subset of DCH Technology's Maritime Hydrogen Technology Development Group (MHTDG), formed in
1998, is working with several private and public organizations to integrate and operate a
hydrogen-powered water transportation system. The cooperative members include several OEMs
and the California Air Resources Board (CARB), part of the California Environmental
Protection Agency. The Group will be operating the first useful vessel of its type
throughout the United States, with initial demonstrations scheduled for California in San
Francisco, Long Beach, and Lake Tahoe and on the Potomac River in Washington, DC. The
MHTDG recently completed a comprehensive study for the U.S. Department of Energy's
Hydrogen Program on the technical and economic considerations necessary for implementation
of hydrogen fuel and fuel cell power technology in a maritime environment. Hydrogen energy
offers a clean and efficient alternative to the use of polluting fossil fuels, and unlike
other modes of transportation, maritime economics can be successful with minimal
investment in fueling infrastructure. "We are pleased that many members of the MHTDG
made the decision to continue into the hardware integration and validation phase with
us," stated Captain Steve Rohrkemper (USN Retired), Director of Application
Engineering for DCHT. "This system will validate the application of hydrogen
technology to a near-term, large-scale market." The vessel will utilize both the
proton exchange membrane (PEM) fuel cell and hydrogen turbine technology. The mobile
dockside fueling station will be based on a fuel-flexible reformer built by Hydrogen
Burner Technology (HBT). The Group will also demonstrate an electrolyzer, which
separates water into hydrogen and oxygen. Pressurized hydrogen will be contained in new
composite technology vessels designed to be both lightweight and economical. The Group
will soon grow to include other industrial specialty companies that can contribute
technology and expertise to operate a complete transportation system, including boat
builders, fishing fleets and ferries.
8/4/2000 IMPCO Developing Fuel System for Hyundai
Fuel Cell SUV - IMPCO/PRNewswire
The Hyundai fuel cell vehicle will utilize
IMPCO's state-of-the-art advanced hydrogen storage technology and IMPCO's vehicle system
integration expertise. The hydrogen systems will be developed by IMPCO's new Advanced
Vehicle Concepts Center located in Lake Forest, California, which opened last month. ...In
addition to the IMPCO fuel cell fuel system, Hyundai Fuel Cell SUV, Santa Fe, will be
equipped with the fuel cell system supplied by International Fuel Cells Connecticut based
United Technologies Corp. and the electric drivetrains supplied by Enova Systems.
8/3/2000 Stuart Energy Systems Corporation Files IPO
Preliminary Prospectus - Stuart Energy/Canada Newswire
Stuart intends to use the net proceeds of
the proposed offering for research and product development; expansion of its sales,
marketing and service capabilities; enhancement of its manufacturing capabilities; and
general working capital and liquidity. Stuart may also use a portion of the proceeds to
acquire or invest in complementary businesses, technologies, products or services. The
underwriting syndicate for the offering is being led by CIBC World Markets Inc. and
involves BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., HSBC Securities (Canada)
Inc. and TD Securities Inc. CCFL Advisory Services Inc. is acting as Stuart's principal
financial advisor. Stuart is currently a leading developer and supplier of hydrogen
generation and supply systems as a result of its advanced, proprietary water electrolysis
technology. The main focus of Stuart's business strategy is to become a leading supplier
of hydrogen generation and supply systems and hydrogen fuel services for the emerging
market for hydrogen as a transportation fuel.
8/3/2000 DCH Technology, Inc. Announces Enable(TM)
Fuel Cell Corporation Shipment of Portable Fuel Cell to U.S. Army
Communications-Electronics Command (CECOM) - DCHT/PRNewswire
The enhanced fuel cell features built-in
control electronics, establishing self- protection against overload and damage. "Of
special interest to CECOM is the very low thermal signature and virtual zero acoustic
signature (silent operation) associated with DCHT's diffusional fuel cell
technology," according to Mr. James Stephens, CECOM's Fuel Cell Technology Team
Leader. "We want to compare the performance of the Enable(TM) fuel cell with the more
complex technologies requiring air compressors and other energy diverting, signature
generating components," said Mr. Stephens.
8/3/2000 Manhattan Scientifics Delivers Fuel Cell
Power System For U.S. Army Battery Replacement Tests - MHTX/PRNewswire
The effort was in fulfillment of a contract
MHTX received three months ago to design and build a prototype hydrogen powered fuel cell
system using its unique NovArs technology. The requirement included all the peripherals
needed for its operation including control electronics, cooling fan, and input/output
valves. The power system will be tested by the Army as part of its program to evaluate the
feasibility of supplementing batteries in portable communication equipment now in use.
...The cylindrical shaped fuel cell system is capable of delivering 60 to 70 watts
of continuous power, under peak load conditions, at ambient pressure with minimum
ancillary equipment. The total system is approximately 2.7 inches in diameter, 3.3 inches
high, and weighs 8 ounces.
8/2/2000 DCH Technology, Inc.'s Portable Enable(TM)
Fuel Cells Purchased For Evaluation by the Texas Natural Resource Conservation Commission
- DCHT/PRNewswire
The TNRCC plans to use the Enable(TM) fuel
cells to power automated Volatile Organic Compound (VOC) canister samples. DCHT has worked
closely with the TNRCC to size the power requirements and fuel cells accordingly. The
compact size and high power output of the Enable(TM) fuel cells make them an ideal
candidate for this type of monitoring-where power from the electrical grid is either not
available or too expensive to install. ...This is the first in a number of planned
programs that the TNRCC is working on to utilize and promote clean energy power sources,
such as fuel cells. The TNRCC also plans to consider fuel cells to power water management
and water quality monitoring systems.
8/2/2000 Plug Power Inc. Reports Second Quarter
Results; Executes Amendment to Distribution Agreement With GE - PLUG/PRNewswire
The company recently completed an amendment
to its distribution agreement with GE Fuel Cell Systems that defines product
specifications and delivery schedules for pre-commercial and commercial model
introductions. The new agreement allows GE to extend the existing 10-year agreement by an
additional 5 years. ...In moving toward its goal of being the first company to have a
million fuel cell systems powering homes and buildings, Plug Power announced that it built
61 pre-commercial systems in the first half of 2000. At the end of the second quarter,
Plug Power had 27 field test systems fueled by natural gas providing power to homes and
other buildings. These field systems, combined with others installed in Plug Power's
R&D facilities, have accumulated over 47,000 hours of run time during the first six
months of 2000. Based on the progress being made, the company has adjusted its year 2000
manufacturing schedule to 125 systems.
8/1/2000 Ballard Receives $2.1 Million in Orders from
Automotive Customers - Ballard/Businessw Wire
Ballard Power Systems (NASDAQ:BLDP)
(TSE:BLD) announced today that it has received orders for a total of $2.1 million (US$1.5
million) from two automotive companies, including Honda Motor Co., Ltd. for Ballard(R)
Mark 900 Series Fuel Cell Power Modules and support services. The Ballard(R) Mark 900
Series Fuel Cell Power Module incorporates Ballard's next generation fuel cell stack,
which utilizes low-cost materials and is designed for manufacturing in automotive volumes.
8/1/2000 Enbridge, Global Thermo In Fuel Cell Development Alliance
- Dow Jones/Excite
Enbridge Inc. (ENBR) and Global
Thermoelectric Inc. (T.GLE) have formed a strategic alliance to develop and distribute
natural-gas-fueled fuel cell products suitable for the supply of electric power and
heating to individual residential homes.
8/1/2000 Hydogenics files $100 million IPO in U.S. and Canada -
HYGS/PRNewswire
Hydrogenics Corp., a maker of fuel-cell test systems,
said Tuesday it had filed a preliminary prospectus with Canadian and U.S. regulators to
raise as much as $100 million. Toronto-based Hydrogenics said it makes systems that enable
fuel cells to work, and is developing proton-exchange-membrane (PEM) fuel-cell systems for
commercial applications.
7/27/2000 William M. Wicker and James R. Metzger of
Texaco Join ECD Board of Directors - ECD/PRNewswire
Energy Conversion Devices, Inc. announced
today that William M. Wicker, Senior Vice President of Texaco, and James R. Metzger, Vice
President and Chief Technology Officer of Texaco, have been elected to ECD's Board of
Directors. Stanford R. Ovshinsky, President and CEO, and Robert C. Stempel, Chairman, in a
joint statement, said, "We are very pleased that Bill Wicker and Jim Metzger have
joined ECD's Board. Their extensive business acumen and expertise in the energy arena will
be of great value to the company and its shareholders. We look forward to their
contributions." They added, "With its Ovonic Solid State Hydrogen Storage
System(TM) and Ovonic Regenerative Fuel Cell technology, ECD will play an important role
in the burgeoning hydrogen economy. Our strategic partner, Texaco, is a leader in the
global energy market. Together, we are working to make hydrogen power a practical
alternative to fossil fuels."
7/26/2000 HBT and Gaz de France Sign Strategic
Agreement - HBT/PRNewswire
Hydrogen Burner Technology
announced today that Gaz de France, the largest natural gas company in France, has signed
an agreement to distribute HBT's on-site hydrogen generating system throughout Europe. The
agreement also expands Gaz de France's ongoing support in the development of HBT's
commercial and industrial products. Additionally, Gaz de France has made a substantial,
undisclosed, equity investment in HBT. The two parties signed the agreement as they
attended the Fuel Cell 2000 conference in Lucerne, Switzerland. David Moard, president of
HBT said, "As HBT's products have come into market position, Gaz de France has
maintained a serious interest. They now bring their considerable capabilities and assets
to promote the commercial applications of our on-site hydrogen generations systems."
...One of the interests of Gaz de France is natural gas for transportation and natural gas
filling stations. The use of natural gas to generate hydrogen on-site for powering fuel
cell vehicles is an adjunct of this relationship.
7/26/2000 FuelCell Energy to Expand Manufacturing
Operations - CPST/Business Wire
The new 65,000-square foot facility will
allow for the expansion of manufacturing capacity of power plants to 50MW annually in
2001, ramping up to an anticipated annual production capacity of 400 MW in 2004.
Construction, which includes approximately $16 million in new equipment, and the move to
the new building, are expected to be completed by January 31, 2001.
7/25/2000 [DCH
Technology] H2OR Company, Ltd. Established; Will Bring
Hydrogen Fuel Cell Energy Projects to Israel - H2OR/PRNewswire
Tel Aviv, Israel/July 25, 2000 - The H2OR Company, Ltd.
is announcing its formation as the only Israeli firm solely dedicated to hydrogen energy.
The company was founded based on the firm conviction that hydrogen energy offers a
solution to both the long-term energy security and environmental emission challenges of a
growing Israel. Ms. Shalva Hessel, President of H2OR, stated, "We are building a high
technology company committed to operating a profitable business serving today's industrial
requirements and tomorrow's distributed and portable power markets." H2OR has signed
an exclusive technology implementing agreement with the hydrogen specialty company DCH Technology,
Inc. of California for the territories of Israel, Turkey, the Middle East, the Eastern
Mediterranean and Africa. H2OR will distribute DCH products, including EnableT fuel cells
and hydrogen-specific leak detection equipment based on the Robust Hydrogen SensorT
technology. H2OR has already assembled a top technical team, and is currently reviewing
several project opportunities. H2OR will focus on commercial business and in building a
strong team of strategic partners to ensure that it is positioned to move forward quickly.
The world's hydrogen energy market is projected to grow rapidly over the next decade.
Hydrogen energy systems support the use of many types of renewable energy and can help
eliminate the dependence on expensive foreign fuel imports. H2OR believes that it is
essential that Israel participates and competes in this arena on a global basis. For more
information contact Shalva Hessel at PHONE 03-649-0033 or FAX 03-649-9055.
7/24/2000 BOC Gases Completes Construction of $11
Million Hydrogen Plant in Quebec - BOC/PRNewswire
The highly-automated, remotely-monitored
hydrogen plant will produce more than 15 tons-per-day of hydrogen to be used in a
revolutionary process that produces magnesium metal from mining residues. ...The new
Magnola plant is one of the largest magnesium production facilities in the world, capable
of producing 63,000 tons a year, or 17 percent of the global supply. "This
investment reaffirms BOC's commitment to grow with our strategic partners," said
Michael Beckman, hydrogen manager, BOC Gases. "It also underscores a global trend by
companies that are turning to industrial gas suppliers for their expertise in hydrogen
handling and supply. During the past few years, BOC Gases has been awarded contracts to
install hydrogen plants for companies in a variety of industries, including chemicals,
metals and oil refining," Beckman added. "We see this outsourcing trend
continuing as new hydrogen applications are developed and more and more companies opt to
focus on their core business."
7/24/2000 Rentech Announces Results of South African
GTL Plant Study - Rentech/PRNewswire
The study calculated cost for the following
process steps: Feed Preparation, Steam Reformer Plant, CO2 Removal Unit, Hydrogen Membrane
System, Fischer-Tropsch (FT) Reaction System, Steam and Power Systems, and Offsites. The
study estimated the capital cost for the entire GTL facility to be US$252 million
including all offsites ($25,200 per daily barrel of plant capacity). In the event a
decision is made to add hydroisomerisation to produce lube oil feedstock or hydrocracking
and isomerisation to upgrade heavier products to diesel, up to an additional US$110
million may be required depending upon the desired final product slate. ...Rentech, Inc.
is the developer and licensor of a patented and proprietary Fischer-Tropsch,
gas-to-liquids process, for conversion of synthesis gas made from natural gas, solid or
liquid carbon bearing materials into high value fuels, products and chemicals. These
products include cleaner burning, sulfur and aromatic free diesel fuel, naphtha, waxes and
fuel for fuel cells.
7/20/2000 Energy Ventures and Sammer to Accelerate
Direct Methanol Fuel Cell Demonstration - EVI/PRNewswire
Under the terms of the agreement, Sammer
will provide the materials and expertise required to assist EVI in the construction and
testing of single cell samples and to construct these single cells into a three cell
stack. The aim of the project is to produce a 150W demonstration DMFC.
7/19/2000 Hydrogen Burner Technology Names Michael
Burke Chief Financial Officer - HBT/PRNewswire
Previously, Burke served as managing
director of the U.S. Investment Banking Department of CIBC
Oppenheimer Corporation in New York. Burke's new responsibilities will include all
financial affairs for HBT, reporting directly to Moard. ..."HBT is completing a $10
million private placement that includes two strategic partners for distribution and sales
of the industrial hydrogen
generation equipment and manufacturing support of our fuel cell products," said
Moard. "HBT's orders for stationary reformers continue to increase and positions the
company to access public capital markets in the near term."
7/19/2000 Altair Fuel Cell Research - ALTI/PRNewswire
Altair International Inc. reported today
that its wholly owned subsidiary, Altair Technologies, has begun development of ceramic
oxide fuel cell membranes and reactive catalyst support structures, that if successful
could have widespread utilization in the development and manufacturing of fuel cells.
..."Success of our research work in the fields of crystalline catalyst bases and
surface chemistry control of nanoparticle sized titanium dioxide led us to the decision to
support a development team on the ceramic oxide fuel cell membranes and reactive support
systems," said Mr. Ken Lyon, president of Altair Technologies. "The activity is
parallel to other nanoparticle work." ...The company is currently developing special
nanomaterials with potential applications in fuel cells, hard coatings, catalysts,
cosmetics, paints, batteries, computers, semi-conductors and telecommunications.
7/19/2000 Nuvera Fuel Cells to Ship First Gasoline-Powered Fuel
Processing Systems to Auto Manufacturers Worldwide - Nuvera/Business Wire
The units, which will be delivered to four
major automotive companies from the United States, Europe, and Japan, will be integrated
with fuel cell stacks to validate gasoline as an emerging fuel of choice for tomorrow's
fuel cell vehicles. Nuvera will also ship a gasoline-powered fuel processing system to
Plug Power, LLC, a fuel cell manufacturer based in Latham, NY, as part of an ongoing U.S.
Department of Energy program to advance the development of transportation-based fuel cell
systems. ...Nuvera has developed a sulfur removal technique that allows its fuel
processors to operate on sulfur-bearing fuels such as gasoline, natural gas, and propane
over the life of the system. ...The company was recently formed by the merger of Arthur D.
Little's Epyx Corporation and De Nora Fuel Cells, a subsidiary of De Nora of Milan, Italy.
7/18/2000 Johnson Matthey Announces Major Fuel Cell Demonstration
Project with TXU Europe and Energy Partners - Johnson Matthey
Johnson Matthey, the world leader in catalysts and
catalysed components for fuel cells, has entered into an agreement with TXU Europe, a
leading European energy company, and Energy Partners, a leading developer of Polymer
Electrolyte Membrane (PEM) fuel cell systems, to construct and evaluate a micro combined
heat and power (CHP) fuel cell system for residential applications. The project is being
partly supported by the UK Government Department of Trade and Industry fuel cell
programme. The micro CHP units will produce 3kw of electrical power in addition to useable
heat and will use a PEM fuel cell based on Johnson Matthey and Energy Partners'
technologies. Hydrogen fuel will be provided by JM's award winning HotSpotTM gas
processors which convert natural gas or LPG (liquefied petroleum gas) to hydrogen.
7/18/2000 FuelCell Energy Selected by King County, Wa.
for One Megawatt Digester/Direct FuelCell Energy Project - FCE/Business Wire
The DFC power plant will be integrated with
the Renton municipal digester system as part of a demonstration program supported by the
U.S. Environmental Protection Agency and the King County Washington Department of Natural
Resources. "The EPA is interested in validating digester/fuel cell systems as a means
for controlling methane and carbon dioxide emissions from municipal waste treatment
plants," said Dr. Hans Maru, FCE Executive Vice-President. King County and FCE will
negotiate contract terms and pricing later this month.
7/17/2000 Air Liquide Expands Its Hydrogen Production
and Distribution in South Texas - Air Liquide/PRNewswire
Air Liquide America Corporation is pleased
to announce the successful startup of a significant expansion to its hydrogen production
facilities in Freeport, Texas. In addition, Air Liquide's existing hydrogen pipeline
network from Sweeny, Texas, to Chocolate Bayou has significantly expanded to include new
lines from Freeport to Texas City, Texas. Through this expansion, Air Liquide has begun
supplying hydrogen to The Dow Chemical Company's Freeport plant, and Valero Refining
Company's Texas City refinery. The expansion is the result of a combination of creative
solutions by Air Liquide, Valero and Dow that will provide Air Liquide with an additional
source of hydrogen, which its customers will utilize in enhancing the long-term
performance of their plants. Through a long-term lease from Dow, Air Liquide now operates
and maintains a hydrogen purification and compression system located inside Dow's Freeport
plant.
7/15/2000 20th Century Power System Incompatible With Digital Economy - Study Calls for Greater Use of Micropower -
Worldwatch Institute
Power interruptions due to the vulnerability of central
power plants and transmission lines cost the United States as much as $80 billion
annually. “We’re beginning the 21st century with a power system that
cannot take our economy where it needs to go,” said Seth Dunn, author of Micropower:
The Next Electrical Era. “The kind of highly reliable power needed for
today’s economy can only be based on a new generation of micropower devices now
coming on the market. These allow homes and businesses to produce their own electricity,
with far less pollution.” The new micropower technologies, which include fuel cells,
microturbines, and solar roofing, are as small as one-millionth the scale of today’s
coal or nuclear plants—and produce little if any of the air pollution of their larger
cousins. ...The risk of locking in outdated central power plants is even greater in the
developing world. Over the next 20 years, some $1.7 trillion of capital investment in new
power capacity is projected to take place in developing countries. “These nations
have a golden opportunity to get the rules right the first time, and set up markets that
support power systems suitable for the 21st century and not the 20th,”
concludes Dunn.
7/14/2000 Impco Technologies Announces Completion of
Public Offering - Impco/Business Wire
7/13/2000 Arthur D. Little Launches DG 2000 - Distributed Generation
Emerging as Viable Technology in Eliminating Energy Shortfalls - ADL/Business
Wire
"We are actively working to address
regulatory and market barriers as part of our Distributed Energy Resources Program,"
says William Parks, Associate Deputy Assistant Secretary for the Office of Power
Technologies at the US Department of Energy. "This Arthur D. Little initiative is
critical for promoting acceptance of DG technologies into the market." In
many locations across the US, DG can be a commercially viable solution capable of
delivering reliable and high-quality electricity, which is increasingly critical as power
shortages and inconsistencies threaten today's electric customers, especially those with
exacting requirements such as high-tech manufacturing and data-processing energy
consumers. But even with such promising market indicators, DG's future
acceptance is largely dependent upon a clear and effective regulatory policy, which is the
target of DG 2000. Arthur D. Little believes that distributed generation has all the
earmarks of a so-called disruptive technology - one that can bring about a significant
market shift. Information on the opportunities and challenges facing the DG market is
available at http://www.arthurdlittle.com/dg/main/dg.html.
7/13/2000 FuelCell Energy, Inc. Receives DOE Award of
$40 Million Increase and Three-Year Extension to DFC-r- Product Design Improvement Program
- FCE/PRNewswire
Funding under the Program to date -
approximately $144 million including FuelCell Energy's cost share - has helped enable the
Company to develop its 300 kW, 1.5MW and 3MW class fuel cell power plant products that are
planned for delivery to commercial customers in the second half of 2001 and in 2002.
...Recognizing the importance of DOE's support, Congressman Jim Maloney (CT-05) said,
"DOE's program extension will help FuelCell Energy develop its products serving fuel cell
markets. This extension is important for both the Connecticut economy and helping improve
the efficiency and cleanliness of electric power generation nationwide." Congressman
Maloney added, "I am pleased that DOE and Congress are continuing to support the
efforts of environmentally conscientious businesses such as FuelCell
Energy". The DOE Cooperative Program was initiated in 1994 to develop and
commercialize carbonate fuel cells that could produce power for distributed generation
markets at competitive prices.
7/13/2000 Manhattan Scientifics Unveils Proprietary
Hydrogen-Powered Bicycle At [Lucerne] Fuel Cell Conference - MS/PRNewswire
The demonstration produced loud applause
from attendees as Petra Koschany, NovArs General Manager and wife of chief fuel cell
scientist, Dr. Arthur Koschany, rode the bike around the hall.
7/12/2000 FuelCell Energy Now Part Of The Russell 3000
Index - FCE/PRNewswire
FuelCell Energy was added to the index effective July 1,
2000. The Index measures the performance of the 3000 largest U.S. companies based on
market capitalization. More than $84 billion under management is indexed to the Russell
3000.
7/11/2000 Honeywell And Mitsubishi Chemical Corp. To
Combine Wet-Process Chemicals Businesses In Global Alliance -
Honeywell/Business Wire
The alliance will be a global manufacturer
of high-purity wet-process chemicals with production facilities in key regions of the
world, including the U.S., Europe, Taiwan and Japan. It also plans to develop
manufacturing capabilities in Southeast Asia. ...The combined businesses will be a global
supplier of less than 100 ppt (parts per trillion) high purity wet process chemicals,
including hydrofluoric acid, ammonium hydroxide, hydrogen peroxide and hydrochloric acid,
among others.
7/10/2000 FBR Expands into Energy Technology
Research; Initiates Coverage of SatCon Technology Corp. - FRB/PRNewswire
FBR Senior Energy Technology Analyst Maurice
May identified SatCon Technology as a potential leader in the distributed power market.
..."We believe that fuel cells will emerge as the predominant source of distributed
power -- the onsite dispersed generation of electric power," May said.
"Moreover, we believe fuel cells may be the answer to the search for cleaner cars and
buses." "We expect a mass market for fuel cells to emerge over the first decade
of the new millennium," May added. "Specifically, we anticipate residential and
portable fuel cell introduction in 2001, fuel cell buses in 2002, and fuel cell cars in
2004, if not before. In addition, we expect the existing $30 million commercial market for
fuel cell generators in the 200-300 kilowatt range to expand dramatically. However, the
residential and automotive applications are the most promising since every year in the
U.S. about 950,000 single-family homes are started, and 16 million cars and light trucks
are sold."
7/6/2000 Stuart Completes Vancouver Hydrogen Fuel Supply
Demonstration to Ballard Fuel Cell Buses - Stuart Energy Systems/Canada
Newswire
The Stuart Fueler used electricity and water
to produce hydrogen fuel for three Ballard/XCELLSIS fuel cell buses operating in regular
revenue service in the Coast Mountain Bus Company fleet. The Stuart Fueler was located at
the Coast Mountain Bus Depot where it provided the high pressure, high purity hydrogen
needed to run the buses. "We are completely satisfied with the performance of the
Fueler and the reliability of the fuel supply", said Chris Lythgo, Senior Vice
President Service Support, Coast Mountain Bus Company. ...Stuart will also be providing
the fuel for the next generation Ballard/XCELLSIS fuel cell bus. This bus is to be
delivered to SunLine TransitAgency in Palm Springs, California. The Stuart Fueler, which
has already been delivered to SunLine, incorporates Stuart's next generation of fueling
technology, dramatically reducing the Fueler footprint while increasing the hydrogen
output.
7/6/2000 Ballard Power Systems and XCELLSIS Move
Ahead with Fuel Cell Bus Demonstration Programs - Ballard/Excellsis/Business
Wire
Ballard Power Systems and XCELLSIS Fuel Cell
Engines Inc. announced today the successful conclusion of their fuel cell bus
demonstration program with TransLink [Vancouver, B.C.] and their plans for the next stage
of field trials of the pre-commercial fuel cell bus engines with the SunLine Transit
Agency in Palm Springs, CA and Alameda-Contra Costa Transit District in Oakland, CA.
....."Through the California Fuel Cell Partnership, we will further validate
our technology with the delivery of 25 buses over the next two years," said XCELLSIS
President Dr. Ferdinand Panik. "Several transit agencies, beginning with SunLine and
Alameda-Contra Costa Transit, will participate in the Partnership's fuel cell bus
demonstration program and see first-hand the benefits of fuel cell propulsion and zero
emissions in the air." XCELLSIS Fuel Cell Engines Inc. is based in Vancouver,
Canada and is a result of an alliance formed between DaimlerChrysler, Ford Motor Company
and Ballard Power Systems. Its parent company, XCELLSIS GmbH, is responsible for the
development and manufacturing of fuel cell engines for automobiles, buses and trucks.
XCELLSIS Fuel Cell Engines Inc. is responsible for the development of fuel cell engines
for heavy duty applications and the first product to be developed is for transit buses.
7/6/2000 Ballard Power Systems: EBARA Invests
Additional US$19 Million in Ballard Subsidiary - Ballard/Business Wire
Ballard Power Systems announced today that
EBARA Corporation has increased its ownership position in Ballard Generation Systems (BGS)
to 11.4 per cent (10 per cent on a fully diluted basis) from six per cent for a total
subscription price of US$19.1 million (Cdn$28.3 million). ..."EBARA has given us an
important understanding of the Japanese market and we have benefited from their broad
expertise in zero-emission technology and manufacturing," said Firoz Rasul, Chairman
and Chief Executive Officer of Ballard Power Systems. "EBARA has made an important
contribution to our advances in the development of stationary power generators." BGS
was formed to commercialize proton exchange membrane (PEM) fuel cell power generators that
use the Ballard(R) fuel cell. In addition to Ballard Power Systems, which owns 67.8 per
cent of BGS, its shareholders include GPU International Inc. of New Jersey, ALSTOM SA of
France, and EBARA Corporation of Japan. EBARA Corporation is globally recognized as a
major developer, manufacturer and distributor of fluid machinery and systems, precision
machinery and environmental engineering systems and as a leader in zero-emission energy
technology.
7/6/2000 Synergy Technologies Corporation Completes
$2.25 Million Private Placement Financing - Synergy Technologies/PRNewswire
Synergy Technologies Corporation (OTC
Bulletin Board: OILS) today announced it had completed a $2.25 million convertible note
financing led by Belle Haven Investments of Greenwich, Connecticut. ...Synergy
Technologies Corporation is focused on the development of energy related technologies.
Field trials of its patented SynGen reactor are currently in progress. The reactor
utilizes a cold plasma technique called "GlidArc" to create syngas for use in a
multitude of applications. ...The SynGen reactor can also be optimized to produce hydrogen
for industrial and petrochemical applications, as well as for stationary and on- board
fuel cells.
7/6/2000 Unique Mobility, Inc. Announces Contract to
Develop Modular Line of High Performance Permanent Magnet Motors for Hybrid Electric and
Fuel Cell Electric Vehicles - UQM/PRNewswire
Unique
Mobility, Inc., a developer of alternative
energy technologies, announced today that it has been awarded a two-year, $750,000
contract from the United States Department of Energy (DOE) to continue development of a
modular line of high-performance motors for hybrid electric and fuel cell electric
vehicles under the Small Business Innovation Research Program. ...The current project will
focus on the application of ... cooling techniques to a new modular design of permanent
magnet motors that is expected to improve the continuous power output of the Company's
current industry-leading motors and generators by approximately 25 percent without
increasing the size or weight of the machine.
7/5/2000 Energy Ventures Completes Phase 1 of Direct
Methanol Fuel Cell Research Program - EVI/PRNewswire
Energy Ventures Inc. announced today that it
has completed the initial phase of its research, development and demonstration program on
its Direct Methanol Fuel Cell technology. The work was undertaken to verify the company's
proprietary technique for resolving the methanol "crossover" problem that occurs
in other DMFC technologies.
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