Delphi Automotive Systems (Flint, MI) and Battelle (Columbus, OH) have been selected by the US Department of Energy (DOE, Washington, DC) to receive a 10-year, $74.6 million cost-share contract from the DOE to assist in the further development of solid-oxide fuel cell (SOFC) technology. According to the DOE, exact cost sharing and other terms of […]
Fuel Cell Technologies Corp. (FCT, Ontario, Canada) announced it has received an award of approximately $6.5 million (US$4.5 million) by the Solid State Energy Conversion Alliance (SECA) of the US Department of Energy (DOE, Washington, DC). The award is to carry out the first four years (Phase 1) of a planned 10-year program. FCT is […]
Matsushita Electric Ind. Co. Ltd. (Japan) announced the BR2450A, a high-capacity, high-durability, polycarbon monofluoride, coin-cell lithium battery. The BR2450A is especially optimized for tire air-pressure-sensor devices. It can also be employed as a memory backup-power supply for vehicle-mounted electronic devices. Matsushita reports that the BR2450A has leakage resistance three times better than its previous products. […]
Altair International Inc. (Cody, WY) announced that its board of directors has approved a name change to Altair Nanotechnologies Inc. The name of the company's wholly owned subsidiary will also be changed, from Altair Technologies to Altair Nanomaterials Corp. "The Altair corporate vision is to become the leading supplier of nanoparticle materials worldwide. The name […]
General Motors (GM, Traverse City, MI) recently unveiled a Chevrolet S-10 pickup that uses gasoline as a fuel for fuel cell propulsion. The truck, which houses a Gen III processor, reforms gasoline onboard, extracting a stream of hydrogen to send to the fuel cell stack. The S-10 fuel cell generates 25kW, which translates roughly into […]
IdaTech (Bend, OR) announced its fifth fuel cell patent, which protects the company from unauthorized use or manufacture of IdaTech's system of optimizing the purging excess water from fuel cell stacks. Newly granted US Patent No. 6,242,120 covers the mechanism that synchronizes the purging of the fuel cell stack with the rate at which water […]
Catalytica Energy Systems Inc. (Mountain View, CA) announced an offering of 4.25 million shares. The selling stockholder is offering an additional 750,000 shares. Catalytica will not receive any of the proceeds from the sale of the shares being sold by the selling stockholder.
Exide Technologies (Princeton, NJ) reported its results for the first quarter of fiscal 2002, which ended on June 30, 2001. Consolidated net loss for the quarter was $6.7 million, or $0.26 per diluted share, prior to the effect of adopting the Financial Accounting Standards (FAS) board's new standards on derivative accounting. This compares to a […]
Ballard Power Systems (Canada) issued its report to shareholders for the second quarter, ending June 30, 2001. Revenues increased during the quarter by $10.7 million, or 251 percent from the same quarter last year. For the six-month period, year-over-year revenues increased by $12.8 million, or 154 percent. The cost of revenues increased by $6.3 million […]
Maxwell Technologies Inc. (San Diego, CA) announced that its PowerCache ultracapacitors have been selected by Avista Labs (Spokane, WA) to optimize performance and reduce the cost of its modular fuel cell systems and components. Carl Eibl, Maxwell's president and CEO, and J. Michael Davis, Avista Lab's CEO, report that the companies have signed a multi-year […]
H Power Corp. (Clifton, NJ) reported its fiscal 2001 fourth-quarter and year-end results for the period ended May 31, 2001. For the fourth quarter, total revenue was $0.8 million, compared with $1.1 million for the same period last year. Before non-cash stock compensation expense, net loss for the quarter was $7.0 million, or $0.13 per […]
Avista Labs Corp. (Spokane, WA) has launched a hydrogen sensor product for fuel cell developers and other hydrogen users. The Avista Labs hydrogen sensor component detects hydrogen in varied applications. Avista Labs believes it is a necessary component for any fuel cell system. "The highly advanced sensor was specifically designed by our team as a […]
Hydrogenics Corp. (Canada) announced that it has signed an exclusive agency agreement with Hankook BEP Co. Ltd. (Korea) to market and sell Hydrogenic's FCATs products in the Korean market. FCATs is Hydrogenic's line of automated industrial systems for testing and controlling fuel cells and fuel cell stacks. "This marks another step in establishing Hydrogenics' presence […]
General Motors Corp. (Detroit, MI) announced that it has hired Robert Lutz, former CEO of Exide Technologies (Princeton, NJ), as vice chairman for product development. Lutz will be replacing Tom Davis, who will retire in the first quarter of 2002. Lutz, whose agreement runs three years, will report to President and CEO Rick Wagoner. "I'm […]
Energy Ventures Inc. (EVI, Canada) announced that it has changed its name to Energy Visions Inc. EVI's conditional approval to list on the Canadian Venture Exchange required that the company change its name. EVI President Wayn Hartford commented, "After careful consideration, we have chosen the name Energy Visions Inc., as we feel that it properly […]