Sustainable Energy Technologies Ltd. (Calgary, Alberta) advised its shareholders that it will not proceed with a previously announced issue of secured convertible debentures and common share purchase warrants to raise up to $700,000 of new capital. Nor will it proceed with the acquisition of a battery-management technology scheduled to take place in conjunction with the […]
Ener1 Battery Co. (Fort Lauderdale, FL) announced that it has repaid the Italian Ministry of Industry $5.2 million in connection with a grant anticipation that was forfeited by the company's decision to move its battery operations to the US. The repayment finalizes the settlement of all grant obligations in Sardinia Grant 488 and the La […]
H Power Corp. (Clifton, NJ) reported its fiscal 2002 third-quarter results for the period ended February 28, 2002. For the third quarter ended February 28, 2002, total revenue was $0.3 million, versus $0.8 million in the fiscal 2001 third quarter. The net loss for the quarter was $6.5 million, or $0.12 per share, versus a […]
MTU Friedrichshafen (Germany) presented its high-temperature HotModule fuel cell, which is suitable for operation of small, decentralized co-generation power stations as the plant produces electricity as well as steam. The range of applications includes the health sector, the chemical and food industries, agriculture, and the telecommunications sector. The HotModule exhaust consists mainly of steam and […]
TMK Power Ind. Ltd. (China) introduced the company's new NiMH AA battery, which offers a capacity of 1.8Ah and is expected to...
SatCon Technology Corp. (Cambridge, MA) announced that it has hired Michael Williams to serve as senior vice president and general manager of its rapidly growing Power Systems business unit. In addition to Williams, Colin Colvin and Todd Jackson will also join the company and serve on Williams' senior staff as vice president of operations and […]
TechSys Inc. (Florham Park, NJ) announced that Scott Weiner, senior vice president of Sithe Energies and former president of Ballard Generation Systems, a subsidiary of Ballard Power Systems, has been appointed to the company's strategic advisory board. Keith Blakely, president and COO of TechSys, stated, "We are extremely pleased to announce Scott Weiner's decision to […]
Millennium Cell Inc. (Eatontown, NJ) and the Oak Ridge National Laboratory (ORNL, Oak Ridge, TN) announced the successful completion of a beta test program designed to evaluate Millennium Cell's Hydrogen-on-Demand technology. The beta test program was managed by UT-Battelle LLC under contract with the US Department of Energy (DOE), and required that Oak Ridge evaluate […]
Quantum Technologies Worldwide Inc. (Irvine, CA), a 100-percent wholly owned subsidiary of IMPCO Technologies Inc., announced the signing of a memorandum of understanding with Hyundai Motor Co. (HMC, Korea) for the joint development and commercialization of advanced fuel systems for fuel cell and alternative fuel vehicles. The agreement is the culmination of previous successful programs […]
The Santa Barbara Electric Transportation Institute (Santa Barbara, CA) is developing a new electric bus powertrain based on the ZEBRA battery. Based...
Based on an unfavorable decision from the Japanese patent office Board of Appeals, Modine Manufacturing Co. (Racine, WI) will no longer receive royalty payments in Japan related to its parallel-flow (PF) technology. Since July of 2000, Modine has been receiving royalty payments from Japanese competitors related to its PF patents, which expire in 2006. Over […]
Medis Technologies Ltd. (New York) reported financial results for the year and quarter ended December 31, 2001. For the year ended December 31, 2001, the net loss attributable to common shareholders was $34,766,000, or $2.02 per share, compared to a net loss attributable to common shareholders of $25,463,000, or $1.79 per share, for the year […]
United Technologies Corp. (South Windsor, CT) announced that its fuel cell unit sold seven power plants to Verizon Communications to power a call-routing center on Long Island that will be the world's largest fuel cell installation. United Technologies declined to disclose terms of the deal. Normally, the fuel cells price at about $900,000 each, said […]
IDACORP Inc. (Boise, ID) announced that risk-management expert Christopher Culp has been appointed to the IDACORP board of directors, filling the vacancy created by the retirement of Peter Johnson earlier this year. Culp also will serve on the board's audit committee. Culp, who will assume his new board duties immediately, is managing director of global […]
Texaco Ovonic Battery Systems LLC (Rochester Hills, MI) announced that Thomas Neslage was named President and Chief Operating Officer of the company. Key members of the management team reporting to Neslage were also named, including James Greiwe, Vice President, Product Development; Dennis Corrigan, Vice President, Battery Systems; Steve Allen, Vice President of Finance; and Gary […]