Penn State University's Applied Research Laboratory (ARL) engineers have developed a new multi-functional battery monitor that takes the physical condition of the battery and its age or past history into account as well as the percent of charge, resulting in highly accurate estimates of working time, physical condition and causes of failure based on a […]
Ballard Power Systems Inc. (Vancouver, BC) released its report to shareholders for the first quarter ending March 31, 2002. Revenue in the first quarter was $12.1 million, compared to $3.8 million for the same period in 2001. Net loss for the quarter was $42.8 million, or $0.41 per share, compared to a loss of $14.1 […]
Global Thermoelectric Inc. (Calgary, Canada) announced its first-quarter 2002 results. Revenue from thermoelectric generator sales and service for the quarter ended March 31, 2002, was $4.5 million, compared to $6.3 million for the first quarter of 2001. The gross margin from continuing operations was $1.6 million, or 35 percent of revenue in the quarter, compared […]
DTE Energy Technologies Inc. (Detroit, MI) has installed two fuel cells manufactured by Plug Power Inc. (Latham, NY) to provide backup power at a Detroit Edison power station in a project intended to demonstrate the feasibility of using the technology in conjunction with the traditional power grid. The project is to assess the use of […]
Caterpillar Inc. (Peoria, IL) and FuelCell Energy Inc. (Danbury, CT) have formalized and expanded their agreement to distribute and develop ultra-low emission...
Sustainable Energy Technologies Ltd. (Calgary, Alberta) announced that, subject to regulatory approval, it will issue up to 41,666 units at a price of $12 per unit to a group of private investors to raise a maximum of $500,000. Each unit will consist of 100 10-percent, two-year, cumulative, convertible, redeemable, voting preferred shares and 50 two-year, […]
Ultralife Batteries Inc. (Newark, NJ) announced that it has raised $3.0 million through a private placement consisting of common equity and a convertible note. Initially, approximately 800,000 shares were issued and an additional 200,000 shares will be issued upon conversion of the note, which matures on December 31, 2002. All shares will be issued at […]
Xcel Energy (Minneapolis, MN) reported ongoing earnings for the first quarter 2002 of $0.31 per share, excluding special charges, compared with $0.61 per share for the same period in 2001. Total earnings were $0.29 per share for the first quarter of 2002. "The first quarter of 2002 presented numerous challenges, and we are responding to […]
Mechanical Technology Inc. (Albany, NY) announced that its subsidiary, MTI MicroFuel Cells Inc., has received an award of $500,000 from the New York State Energy Research and Development Authority (NYSERDA). The award, matched by a similar commitment from the company, will help fund a year-long research program to advance the development and commercialization of direct-methanol […]
Greenlight Power Technologies Inc. (Burnaby, BC) announced the addition of test stations for solid-oxide fuel cells (SOFC) and molten carbonate fuel cells (MCFC) to its product line. The expansion of Greenlight's product line resulted in immediate SOFC and MCFC test station orders of over $2.5 million from three new US-based customers. "The expansion of Greenlight's […]
NASA's Jet Propulsion Laboratory (Pasadena, CA) has designed a portable, compact, flat fuel cell technology suitable for operating small, portable electronic devices...
The US Senate voted 88 to 11 to adopt the broadest US energy legislation of the past 10 years. Senators approved the 458-page bill, as well as more than 100 amendments, which will substantially rewrite electricity and gasoline regulations, nearly triple ethanol consumption across 10 years, and require a more than five-fold increase in renewable […]
Matsushita Electric Industrial Co. Ltd. (Osaka, Japan) reported its annual financial results for the year ended March 31, 2002 (fiscal 2002). Consolidated operating profit for the year declined to a loss of 211.8 billion yen (US$1.59 billion), as compared with an operating profit of 188.4 billion yen in the previous fiscal year. Consolidated income before […]
The California Fuel Cell Partnership (CaFCP, West Sacramento, CA) celebrated the opening of its methanol fueling station, which will provide fuel for methanol-fueled fuel cell vehicles. The first such vehicle to be made available to the CaFCP is the DaimlerChrysler NECAR 5. CaFCP Chairman Don Huberts stated, "We are making great progress to demonstrate alternative […]
The Southern Coalition for Advanced Transportation (SCAT, Atlanta, GA) announced the successful completion of 100,000 test cycles for a high-speed composite flywheel. Tests cycled the flywheel's energy through a simulated hybrid-electric transit bus cycle. The flywheel underwent speed excursions from 27,000rpm to 36,000rpm, with a peak speed of 825m/sec. "These successful tests represent a major […]