Fuel Cell Companies Purchased for Portfolio
I placed several trades for the mutual fund this afternoon to start building a position in some of the fuel cell companies. This sub-sector has been under pressure the last couple of months but seems to be building a nice base of support at the current levels. I feel this entire sub-sector is ready for a nice up move and the stocks have been behaving nicely the last week or so. The one stock I seriously considered not adding was Quantum. The stock has been in a steady decline and there is no sign that it’s going to slow...
McPhy: Growing With Hydrogen
by Debra Fiakas, CFA
Hydrogen system developer McPhy Energy SA (MCPHY: PA) recently reported impressive sales growth in the first half of 2019 - 23% higher than last year. Sales were boosted by delivery of a refueling station in Houdain, France for a bus operation that is 100% powered by hydrogen. New orders for projects in Germany, Bangladesh and Switzerland will keeps the company busy in the month ahead installing additional hydrogen fueling stations and electrolysis equipment for hydrogen production.
Despite the success, McPhy has not achieved profitability. Thus the company remains dependent upon financing to support operations. In 2017, the company secured an equity sales agreement with Kepler...
Plug Power and GE Terminate Joint Venture
Plug Power Inc (PLUG) announced that it is terminating a distribution joint venture with a unit of General Electric Co. and said a GE executive had resigned from its board. Plug Power said it and GE MicroGen Inc. would terminate the GE Fuel Cell Systems joint venture. As a result, Plug Power can now sell its products to anyone without obligation to General Electric, the company said in a regulatory filing. Shares of Plug Power are down 1% in pre-market trading.
Plug Power’s GenSys Product Meets California’s New Emissions Requirement
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.
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.
Dodge Fuel Cell Sprinter Includes the Latest DaimlerChrysler Fuel Cell Vehicle Technology
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.
Plug Power Receives Contract to Provide Hydrogen at DTE Power Plant
Plug Power Inc (PLUG) announced today a contract award to provide on-site hydrogen generation to The Detroit Edison Company's Saint Clair Power Plant. The hydrogen will be used to provide cooling to six generator units currently in operation at the Saint Clair facility. Under the terms of the contract, Plug Power will install a GenSite(TM) hydrogen generator at the St. Clair Power Plant located in East China, Michigan. The GenSite system has already been shipped to the Saint Clair facility and is expected to be fully operational early next year. The Plant is located on 1,700 acres south...
Plug Power to Install GenSite(TM) Hydrogen Generators Under Recently Awarded NYSERDA Programs
Plug Power Inc (PLUG) announced that the company intends to install two GenSite(TM) hydrogen generators under two recently awarded programs sponsored by the New York State Energy Research and Development Authority (NYSERDA). Plug Power will partner with award winner American Honda Motor Co., Inc., Air Products and Chemicals Inc (APD) and Homeland Energy to provide the refueling infrastructure necessary for fuel cell vehicles, including two Honda FCX's recently leased by the State of New York.
Millennium Cell and Jadoo Power Form Strategic Alliance
Millennium Cell Inc (MCEL) announced that it entered into a strategic development and licensing agreement with Jadoo Power Systems Inc., a leading supplier of portable fuel cell power systems. The agreement will allow Jadoo to license Millennium Cell's Hydrogen on Demand® technology for development and commercialization within Jadoo's current line of product offerings.
Hyster-Yale’s Fuel Cell Deal
by Debra Fiakas CFA Near the close of 2014, Nuvera Fuel Cells was acquired by NACCO, an operating company of Hyster-Yale Materials Handling, Inc. (HY: NYSE). Nuvera sells a proprietary fuel cell stack under the brand name Orion for industrial mobility, automotive and aerospace applications. The company also sells its PowerTap Hydrogen Station for on-site hydrogen generation (see image below). The purchase price was not disclosed and Hyster-Yale has not provided guidance on how the deal will impact its sales and earnings in 2015. Apparently, Nuvera’s sales and earnings are not material to Hyster-Yale in the...
FuelCell Energy Teams with Chevron Energy Solutions to Sell Its First One Megawatt DFC1500...
Fuelcell Energy Inc (FCEL) announced today its first one-megawatt Direct FuelCell® (DFC®) power plant sale in California to Alameda County for the Santa Rita Jail in Dublin, Calif. This is the first fuel cell project with its North American distribution partner, Chevron Energy Solutions. FuelCell Energy will provide Alameda County a DFC1500 power plant and related operating and maintenance services. Chevron Energy Solutions will act as overall project manager and integrator, providing design, engineering, construction, and installation services to Alameda County. The DFC1500 power plant is expected to provide 90 percent of base load power requirements for the...
Hydrogenics to Supply Hydrogen Refuelling Station to Basin Electric for Wind Hydrogen Project
Hydrogenics Corp (HYGS) announced that the company was awarded a contract by Basin Electric Power Cooperative, to supply an electrolyzer-based hydrogen refuelling station for installation in Minot, N.D. In addition to the core electrolyzer module, Hydrogenics is supplying compression, storage and dispenser equipment as part of the contract. The station is one of the first United States-based hydrogen fueling stations to use electricity from a wind power resource to produce hydrogen from water, in this case using electricity generated by wind resources either owned or contracted by Basin Electric. The hydrogen produced will be used to refuel hydrogen-powered...
Budget backs coal, hydrogen, nuclear
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.
Clean Electricity From Sugar Cane Using Fuel Cell Technology
Intelligent Energy Inc., a leading energy solutions business, today announces that it has successfully completed trials of its ethanol based fuel cell technology system. These trials show that sufficient electricity can be generated for a rural home from equipment little larger than a shoebox, using fuel derived from sugar cane.
SiliconBeat interviews Jadoo Power Systems
SiliconBeat.com caught up with Jadoo's chief executive, Larry Bawden, last week who said Jadoo is one of the few companies actually shipping hydrogen-converting fuel cell technology to customers. It is good to see that VC's are starting to put some capital in the AltE marketplace.
Ballard Delivers First Prototypes of Third Generation Long-Life Fuel Cell for Residential Cogeneration
Ballard Power (BLDP) has delivered the first prototypes of its next generation fuel cell, the Mark 1030 V3, for the residential cogeneration market to EBARA BALLARD Corporation (Ballard's Japan-based joint venture with the EBARA Corporation). The prototypes are for integration and testing in 1 kW residential cogeneration systems. Featuring increased reliability and lifetime, with significantly less weight and volume, the Mark 1030 V3 fuel cell has been designed in alignment with the 2008 Japanese government targets of 40,000 hours operation, equivalent to a system lifetime of 10 years in the home.
