Exide Technologies (Princeton, NJ) has announced that it may, pending shareholder approval, exchange up to 20 million shares of its common stock for some or all of its debt. The company reports that it has received approval to revise some covenants in its $900.0 million credit facility through September 2002, which provided the opening for […]
Intertech Corp. (Portland, ME) has announced the dates and the location for its 42V Automotive Systems conference. The meeting will take place at the Hotel Sofitel in Chicago, Illinois on September 17-18, 2001. It will feature 20 speakers who will discuss the opportunities and obstacles in migrating to 42V automotive systems. The 42V Automotive Systems […]
General Motors (Detroit, MI) and QUANTUM Technologies Inc., a subsidiary of IMPCO Technologies Inc. (Irvine, CA), have announced an equity partnership deal for the development of hydrogen-storage devices that they claim could make future fuel cell vehicles competitive with today's gasoline vehicles in terms of range. GM will be acquiring a substantial minority ownership position […]
Avista Labs (Spokane, WA), the distributed power affiliate of Avista Corp., has selected Maxwell Technologies (San Diego, CA) PowerCache ultracapacitors to optimize performance and reduce the cost of its modular fuel cell systems and components. Avista Labs is developing fuel cell products initially for applications in distributed power generation and industrial power backup systems. It […]
Honda Motor Co. (Japan) plans to introduce a hybrid gasoline-electric version of its Civic model on the market by March 2002. The company hopes to triple its US sales of hybrid vehicles, which are burgeoning in the US. Sales of the Honda Insight in May 2001 were up 138 percent as compared to May 2000. […]
PennWell Corp. (Tulsa, OK) is presenting the first annual Fuel Cell Technology Institute in conjunction with the National Fuel Cell Research Center...
International Rectifier (IR, El Segundo, CA) announced a new process technology for IGBTs and FREDs that it claims delivers 70 percent faster turn-off time than previous-generation devices and more than 20 percent lower power loss. The new technology is optimized for IGBTs and FREDs used in bridge-type inverters found in motor drives, welders and UPSs. […]
Students at Queensland University of Technology (Australia) have developed an electric car that costs about one cent per kilometer to run. Named...
AstroPower Inc. (Newark, DE) announced that it has been selected by US Home, a division of Lennar Corp. (Miami, FL), to supply at least 500 solar-electric home power systems beginning in 2003 for US Home's new home construction. Under the agreement, US Home will offer AstroPower's solar-electric home power systems as a standard feature within […]
General Motors Corp. (GM, Detroit, MI) and General Hydrogen Corp. (Canada) announced a 25-year collaboration intended to accelerate the spread of a hydrogen infrastructure, and to speed the introduction of fuel cell vehicles into markets in North America, Europe, Asia and emerging economies. The strategic alliance will focus on several key areas, including hydrogen storage, […]
PowerCache (San Diego, CA), a part of Maxwell Technologies' (San Diego, CA) electronic components group, announced that it has received a purchase...
STMicroelectronics (Switzerland) announced that it expects revenues for the second quarter, ending June 30, 2001, to be in the range of $1.55 billion to $1.60 billion, below the $1.65 billion to $1.8 billion range previously anticipated. This reflects year-over-year and sequential sales declines in telecommunications and computer peripheral applications. The sequential revenue decline anticipated for […]
Fairchild Semiconductor (San Jose, CA) has unveiled its EcoSPARK family of IGBTs, designed for ignition-coil drivers. The products are claimed to have...
FuelCell Energy Inc. (Danbury, CT) announced the closing of its public offering of 3.45 million shares of common stock at $70 per share. Net proceeds to the company were $241.5 million. FuelCell Energy intends to use the net proceeds from this offering to expand manufacturing equipment and facilities to support commercialization activities, and for general […]
Shell Hydrogen US, a division of Shell Oil Products Co. (Shell, Netherlands), and International Fuel Cells (South Windsor, CT), a unit of United Technologies Corp. (Hartford, CT), announced the formation of HydrogenSource LLC (South Windsor, CT). The fifty-fifty joint venture plans to develop, manufacture and sell fuel processors and hydrogen generation systems for emerging fuel […]