Fuel Cell Firm Guns For Military Money
An article written by David Redstone at Forbes.com discusses Medis Technologies Ltd. (MDTL) and its plans to work with General Dynamics to supply portable fuel cells to the military market. David believes investors in Medis Technologies will be rewarded with gains of 25% in the next 12 to 24 months.
Maxwell Technologies Provides Ultracapacitors for General Hydrogen
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.
MTI MicroFuel Cells Announces Strategic Alliance With Samsung Electronics
Mechanical Technology Inc (MKTY) announced an exclusive alliance with Samsung Electronics Co., Ltd., ("Samsung"), a technology innovator in the telecommunications industry, to develop next-generation fuel cell prototypes for Samsung's mobile phone business. Mobion®, MTI Micro's patented direct methanol fuel cell (DMFC) technology, has been chosen to power a series of prototypes designed for Samsung's mobile phone and mobile phone accessories. Samsung is going to be committing up to $1 million in development money for the project and it marks a large step forward in the future development of the micro fuel cell marketplace. I also see this...
Mantra’s Promise of Innovation
by Debra Fiakas CFA How often do we see the crowd rooting for the underdog? You could hear the cheers for Mantra Energy (MVTG: OTC) last week at the Marcum Microcap Conference in New York City. Mantra is a developmental stage company pursuing technologies to harness carbon dioxide for energy. Of course, the company has no revenue and therefore no earnings. Indeed, its technologies are so unique and as yet at such an early stage some might find them almost fanciful. Yet for some investors, a fanciful underdog is even better than another. Mantra sees itself...
BOC Helping to Fuel Canada’s Hydrogen Highway
BOC Group PLC (BOX) is helping design and construct a hydrogen fueling station located along Canada's Hydrogen Highway(TM) in Vancouver, British Columbia. BOC is working with Canada's National Research Council (NRC) and the Canadian Transportation Fuel Cell Alliance - a Natural Resources Canada (NRCan) initiative - to jointly fund and build the station, located at NRC's Institute for Fuel Cell Innovation on the campus of the University of British Columbia (UBC). The equipment installation is to begin in November, with full system commissioning expected in the first quarter of 2005.
Proton Receives University of Nevada, Las Vegas Research Foundation Phase II Contract Award for...
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.
Shareholders Cry Foul as UQM Agrees to Buyout
UQM Technologies (UQM: NYSE) has agreed to be acquired by Danfoss Power Solutions for $1.71 per share in cash, providing a deal value near $100 million. UQM leadership expects timely review by government authorities and has recommended approval of the deal by shareholders. A date has not been set for the required shareholder vote. Assuming all goes according to schedule, a deal closing is possible sometime in the second quarter 2019.
Electric propulsion and generation technologies are at the core of UQM’s solutions for manufacturing, transportation and power industries. The substitution of electric motors for combustion engines has been driving demand for the UQM’s products. Market opportunities have abounded...
Mantra Energy: The Future of Portable Fuel Cell Technology?
by Lee Shane When one thinks of fuel cells and fuel cell technology some names immediately come to mind. Ballard Power (BLDP) went public in 1993 and was listed on NASDAQ in 1995. A company that made its debut in 1997 was Plug Power (PLUG), a joint venture between DTE Energy and Mechanical Technology Inc. Hydrogenics (HYGS) is a company that has been around for 60 years, but more recently has gotten investor attention for their fuel cell technology. Most of the technology produced by well-known fuel cell companies share common features… They are based on...
FuelCell Energy and Capstone Achieves Record in Electrical Efficiency
Fuelcell Energy Inc (FCEL) and Capstone Turbine Corp (CPTC) announced that its patented Direct FuelCell/Turbine® (DFC/T®) achieved a record-setting performance establishing a mark of 56 percent electrical efficiency in the sub-megawatt (sub-MW) class for 800 continuous hours during initial testing. This significantly exceeds the electrical efficiency of other distributed generation technologies of similar size. For example, gas engines have an electrical efficiency of 30 to 42 percent, low temperature fuel cells have an electrical efficiency of 30 to 35 percent and microturbines have an electrical efficiency of 25 to 30 percent. I always love when...
Fuel Cell Stocks Slump on Ratings
Fuel cell company stocks slumped Tuesday afternoon after Smith Barney Citigroup initiated coverage of FuelCell Energy Inc. and Mechanical Technology Inc. with conservative ratings. The firm rated FuelCell Energy shares at "Sell," and Mechanical Technology at "Hold." Both companies received a $7 target price.
Chevron Energy Solutions to Install FuelCell Energy Power Plant at U.S. Postal Service’s San...
Fuelcell Energy Inc (FCEL) announced today that Chevron Energy Solutions, a ChevronTexaco (NYSE: CVX - News) subsidiary and FuelCell Energy distribution partner, has sold a 250-kilowatt Direct FuelCell® (DFC®) power plant to the U.S. Postal Service's (USPS's) San Francisco Processing and Distribution Center (P&DC). Chevron Energy Solutions will develop, engineer and construct the project over the next year and provide a turn-key on-site generation solution to the facility. FuelCell Energy will provide the DFC300A power plant, technical support and system commissioning services.
FuelCell Energy Selected by U.S. Department of Energy to Develop a Coal-Based Multi-Megawatt Solid...
Fuelcell Energy Inc (FCEL) announced it has been selected by the U.S. Department of Energy (DOE) as a prime contractor of a third project team to develop a coal-based multi-megawatt solid oxide fuel cell (SOFC) system. The total project award for the 10-year, three-phase Fuel Cell Coal-Based System program is approximately $85 million. The project is subject to negotiation of a final agreement. The program's goal is to develop a multi-megawatt SOFC power system, 100 megawatts and larger, with at least 50 percent overall efficiency in converting energy contained in coal to grid electrical power. This compares to...
‘Hydrogen economy’ is a ruse—all hype, no hope
An editorial article from South Carolina's TheState.com expresses concern for funding for Fuel Cell research. The guess columnist expresses his concerns and feels that they would be better served looking at Biomass alternatives. An abstract of this opinion article is show below, with a link to the full story. A growing group of distinguished scientists sees the “hydrogen economy� as a ruse ��? a distraction from the much more viable alternative of biofuels. Nor has the hydrogen illusion escaped the notice of astute investors, as the major fuel-cell companies have seen their share prices drop by half...
Counting Out FuelCell Energy?
by Debra Fiakas CFA This afternoon FuelCell Energy, Inc. (FCEL: Nasdaq) is scheduled to report results for its fiscal third quarter ending July 2012. As its corporate name suggests the company produces fuel cells for use as power plants or grid alternatives. FuelCell has customers, but has yet to reach profitability. No embarrassment there. None of the other U.S.-based fuel cell producers has delivered earnings to shareholders either and two have had to file for bankruptcy protection. Journalists have made light of fuel cell developers as perpetually unprofitable. Last year one even made a list of profitable...
