Johnson Controls Inc. (Milwaukee, WI) stated that it is buying Gylling Optima Batteries AG (Danderyd, Sweden) for about $62.0 million in a deal that will add slightly to company earnings of $35.0 million in 1999 revenues. All shareholders of the company will get about $2.14 per share. The deal has already been accepted by the […]
Plug Power Inc. (Latham, NY) shares dropped eight percent after the company announced the resignation of Gary Mittleman as president, CEO and director. The company stated that Greg Silvestri, its executive vice president of operations, has been appointed COO, adding that he will manage the everyday operations until Plug Power finds a new president and […]
DCH Technology Inc. (DCHT, Valencia, CA) issued its progress report to shareholders along with second-quarter earnings for the period ended June 30, 2000. Revenues reported for the second quarter of 2000 were $265,756, compared with $50,551 for the same period 1999, an increase of 426 percent. Revenues for the first six months of 2000 were […]
FuelCell Energy Inc. (Danbury, CT) announced that its board of directors has declared a 100-percent stock dividend on its common stock, having the effect of a two-for-one stock split. Stockholders of record on September 6, 2000, will be entitled to one additional share of common stock for each share of the company's common stock held […]
Aluminum-Power Inc. (Toronto, Canada) announced that its aluminum-air battery delivered unprecedented power output in recent commercial tests in a cellular phone. "In actual operating conditions, the aluminum-air fuel-cell-based battery delivered ground-breaking performance, powering a cellular phone to eight hours of talk-time and 5.5 days in standby mode," said Rafael Ferry, vice president of marketing for […]
DCH Technology Inc. (DCHT, Valencia, CA) announced that the Electric Power Research Institute PEAC Corp. (EPRI PEAC, Palo Alto, CA) has purchased a state-of-the-art power quality system from DCHT's wholly owned subsidiary, Enable Fuel Cells Corp. (Middleton, WI). EPRI PEAC purchased the Enable system after a comprehensive analysis of alternative fuel cell systems, and demonstrated […]
SatCon Technology Corp. (Cambridge, MA) reported financial results for the third quarter ended June 30, 2000. Revenue for the third quarter increased by $4.6 million, or 112 percent, to a record $8.7 million versus $4.1 million in the third quarter of 1999. Revenue for the first nine months of 2000 increased by $9.3 million, or […]
Metallic Power (Carlsbad, CA) announced that it has successfully demonstrated what it claims is the world's first fuel-cell-based portable power source powered by a solid, safe and completely recyclable fuel. The company's latest version of its zinc-air fuel cell provides more than 1kWh of energy using a single, sealed, quick-change fuel cartridge containing zinc and […]
The US Postal Service and the Chugach Electric Association Inc. (Anchorage, AK), have established a fuel cell system that they claim is the largest commercial fuel cell system in the nation and is part of an electric utility's grid. In a ribbon-cutting ceremony at the Anchorage Mail Processing Center, the 1MW fuel cell system was […]
Beacon Power Corp. (Woburn, MA), a subsidiary of SatCon Technology Corp. (Cambridge, MA), filed with regulators to seek as much as $115.0 million in an initial public offering. It did not say in a preliminary prospectus filed with the Securities and Exchange Commission how many shares it expects to offer or the expected initial price […]
Ultralife Batteries Inc. (Newark, NY) announced its financial results for the fourth quarter and fiscal year 2000 ended June 30, 2000. Consolidated revenues reached $5.4 million for the fiscal fourth quarter, a decrease of $0.7 million, or 11 percent over the comparable quarter last year. The net loss for the quarter was $4.1 million, or […]
Ballard Power Systems (Vancouver, BC) issued its report to shareholders, including financial results for the second quarter and six months ended June 30, 2000. All amounts reported are in Canadian dollars. Revenues for the second quarter of 2000 were $4.3 million, compared to $4.5 million in the same period in 1999. Ballard's cash position was […]
Valence Technology Inc. (Henderson, NV) reported financial results for the first quarter of fiscal year 2000-2001 ended June 30, 2000. For the first quarter of fiscal year 2000-2001, the company reported a net loss of $9.3 million, or $0.25 per share, on 36.9 million weighted average shares outstanding, compared with a net loss of $8.4 […]
Vanadium International Inc. (Reno, NV) stated that recent technological advancements in fuel cell technology imply that vanadium battery systems are rapidly emerging as a potential alternative for everyday use and, if these systems are fully implemented, they could beneficially affect vanadium demand. Current fuel cell systems under development allow electricity to be stored in rechargeable […]
DCH Technology Inc. (Valencia, CA), announced that its wholly owned subsidiary, Enable Fuel Cells Corp. (Madison, WI), will soon begin construction of a 23,000ft square facility (specifically designed for rapid expansion to 80,000ft square) for their Enable fuel cell product family. The facility will be located on a five-acre site in Middleton, WI, and will […]