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 […]
EOS Corp. (Camarillo, CA) announced it has published a product guide highlighting more than 80 new internally mounted open-frame switching ac/dc power supplies introduced since January 2000. The 18-page catalog, posted on EOS' website and printed in hand-out form, will aid customers in matching power supply needs to their applications. Highlighted products are EOS' expanded […]
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 […]
Artesyn Technologies (Boca Raton, FL) announced that it has acquired privately held Azcore Technologies (Tucson, AZ). Azcore focuses exclusively on fast-growing markets, which require high-efficiency dc/dc converters with a special emphasis on surface-mountable board-level products. The all-cash acquisition, which will be accounted for as a purchase transaction, includes fixed payments of approximately $5.8 million and […]
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 […]
Eugene Peters, Julie Simon and Mark Stultz have been named vice presidents of the Electric Power Supply Association (EPSA, Washington, DC). Peters, previously an EPSA director, will continue to oversee and direct the trade group's outreach to Capitol Hill and other legislative audiences as vice president of legislative affairs. Simon, formerly director of policy at […]
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 […]
EOS Corp. (Camarillo, CA) has signed an agreement with Electrodyne (Denver, CO) to sell its ultra-miniature, high-efficiency power supplies in the Rocky Mountain region of the western US. Through this alliance with Electrodyne, EOS will accelerate sales and brand awareness of its leading-edge ac/dc power supplies to OEMs in Colorado, eastern Idaho, Montana, Utah and […]
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 […]
AstroPower Inc. (Newark, DE) reported an acceleration of its capacity expansion plans. "We continue to be capacity-constrained, in spite of more than tripling our manufacturing capacity over the past three years," said Allen M. Barnett, president and CEO of AstroPower. Mr. Barnett also stated, "At the time of our follow-on offering last fall, our plan […]
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 […]