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,...

ZAP (ZAPZ) announced today a breakthrough electric propulsion system that uses a new hydrogen fuel cell and lead-cobalt battery design developed by Apollo Energy Systems. Apollo has developed and patented an Alkaline Fuel Cell, an improved version of the early Alkaline Fuel Cells used by NASA in the Apollo Moon Mission. Apollo calls its Alkaline Fuel Cell the "Rolls Royce" of fuel cells, with a higher voltage, higher efficiency, and greater reliability than other types of fuel cells. Alkaline fuel cells have been the fuel cell of choice for space programs in the U.S., Europe and Russia. ...

Fuelcell Energy Inc (FCEL) and its partner in Japan, Marubeni Corp., will enter into an agreement with Kawasaki Heavy Industries to become a packager of Direct FuelCell® (DFC®) power plants in Japan. Discussions for conclusion of the agreement are in the final stage. 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 long-term evaluation and testing. This news and anticipation of earnings later this afternoon has FCEL up over 7% today with above average volume.

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.

Plug Power Inc (PLUG) announced the availability of GenCore®5T24, a 24-volt, 5-kilowatt backup fuel cell system that will be marketed to wireless service providers. The GenCore 5T24 complements the Company's other available products within the GenCore platform; the 5B 48-volt for industrial applications and the 5T 48-volt for wireline/wireless applications, which began shipping late last year.

Acting Undersecretary of Energy David K. Garman will speak at the World Renewable Energy Congress and Expo in Denver, CO on Monday, August 30, 2004to outline a program that will invest over $77 million in Hydrogen research projects around the country. These projects support President Bush's Hydrogen Fuel Initiative, as outlined in the National Energy Policy. President Bush has called on DOE to pursue the promise of hydrogen fuel cell vehicles to decrease America's dependence on foreign oil. These hydrogen research projects willrepresent another part of the President's Hydrogen Fuel Initiative that adds to the recent...

"Experts generally agree that our current reliance on fossil fuels is unsustainable. Already oil is near $50 per barrel, and the great millions of Chinese and Indians destined to take to the road in the next decades have not yet gotten behind the wheel." This week Newsweek has written several special reports about alternative energy in all its forms. All of these reports can be found at the following link.

UPS on Thursday announced it was deploying three delivery vans that run on non-polluting hydrogen and fuel cells, and said it hopes to some day have zero-emission engines for its entire fleet of 88,000 vehicles. The three vans will be used in Los Angeles, Sacramento, Calif., and Ann Arbor, Mich. Once again, these Fuel Cell trucks are made by DaimlerChrysler AG (DCX) and are using Ballard Power (BLDP) for the cell stack.

Based on the production Sprinter Van, the new fuel cell powered Dodge Sprinter has the latest advancements in DaimlerChrysler fuel cell vehicle expertise, and fuel cell technology from its Fuel Cell Alliance partner, Ballard Power (BLDP). The entire Ballard fuel cell system is housed in the floor, leaving full use of the cargo space.

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...

Hydrogenics Corp (HYGS) unveiled the first of four Hydrogenics' projects to be part of Toronto's Hydrogen Village. The unveiling of the Company's HyLYZER(TM) hydrogen refueler took place at the Canadian National Exhibition (CNE) as part of the CNE's Green Day event. Hydrogenics also announced it has received a CDN $4.25 million strategic investment from the Government of Canada's Hydrogen Early Adopters (h2EA) program that will help in establishing the four unique projects in which Hydrogenics will lead a consortium of partners. The total value of the projects is over CDN $10 million.

Honda Motor Co (HMC) said it has built scooters powered by fuel cells and gasoline-electric engines, extending the technology for the first time to two-wheeled vehicles. The automaker developed a scooter with a fuel cell-power plant the size of a normal 125 cubic centimeter gasoline engine as well as a so-called hybrid two-wheeler with a 50cc engine, Honda President Takeo Fukui told reporters at the company's research center in Tochigi Prefecture, north of Tokyo.

General Dynamics C4 Systems, a business unit of General Dynamics (GD), announced today it has been awarded a contract by the United States Air Force (USAF) to develop and deliver 10 prototype tablet computers powered by direct liquid fuel cells for evaluation as a potential replacement for the department's current ground air traffic control computers. The program will combine commercial-off-the-shelf computer equipment with privately-developed fuel cell technology, and could enable extended field operations that will reduce the USAF's reliance on centrally-located recharging apparatus and spare batteries. Medis Technologies Ltd. (MDTL) is a sub-contractor on this project...

Stuart Energy Systems Corp (SRNYF) announced that it has secured record year-to-date industrial orders valued in excess of $12 million from its global customers. "During the first 4 and a half months, we exceeded our expected order intake for industrial sales. The increased demand is a result of strong market growth, coupled with continued adoption of our product offering," commented Robert Campbell, Vice President, Sales and Marketing. "With the bulk of these orders scheduled to ship this fiscal year, we remain committed to our aggressive target for revenue growth. Our year-end order backlog - an important metric as...

Astris Energi Inc. (ASRNF) reports that construction of phase one of the pilot production plant designed to produce the new alkaline fuel cell POWERSTACK(TM) MC250 is on schedule. The pilot production plant is being built in the Czech Republic and should be complete within two weeks with production trials planned for September.

Plug Power Inc (PLUG) announced today that the Company's GenSys(TM)5C fuel cell system has been certified by the California Air Resources Board as meeting the 2007 distributed generation emission standards requirement.