The US Fuel Cell Council (USFCC, Washington, DC) has added eight new member companies to its roster. The council serves as the trade association for the fuel cell industry and membership includes virtually all the major developers of fuel cell technology, key industry suppliers and potential customers. The following members were approved at the USFCC […]
MagneTek (Nashville, TN) fuel cell power conditioners have begun providing electricity for the new Conde Nast building in New York City. The 48-story office tower is expected to be the first newly constructed building to earn an Energy Star label from the US Environmental Protection Agency. The fuel cells were supplied by International Fuel Cells […]
SatCon Technology Corp. (Cambridge, MA) has reported a 106-percent increase in revenues for the second quarter for the period ending March 31, 2000. Revenues for the second quarter increased by $3.8 million to $7.5 million versus $3.7 million in the second quarter of 1999. Revenues for the first six months of 2000 increased by $4.7 […]
Maxwell Technologies Inc. (San Diego, CA) and Onemocall (Korea) have signed an agreement to integrate Onemocall's microgenerators and power-management circuits with Maxwell's PowerCache ultracapacitors. The companies hope to develop energy generation and storage systems to power cellular telephones, flashlights, toys, personal digital assistants and other hand-held devices that currently use rechargeable batteries. Maxwell will take […]
Manhattan Scientifics Inc. (Los Alamos, NM) has received a contract from the US Army to design and build a fuel cell power source to be used in an Army test program on battery replacement in portable communications equipment. The fuel cell will be based on Manhattan's proprietary mid- range power technology (2kW to 3kW) developed […]
Revenues for the first quarter of 2000 were $2.9 million for Plug Power Inc. (Latham, NY). This figure compares to first-quarter 1999 results of $1.7 million. Net loss for the first quarter of 2000 was $17.2 million, or $0.40 loss per diluted share, as compared to $6.5 million, or $0.32 diluted loss per share, for […]
Motorola Inc. (Schaumburg, IL) has made a strategic minority equity investment in CommLaunch Ventures LP (Jerusalem, Israel), a privately held incubator fund focused on high-growth Internet infrastructure companies developing communication products and technologies. CommLaunch is one of three high-technology incubator funds of Jerusalem Global Innovation Centers (JGIC), Israel's premier accelerator of star entrepreneurial ideas. Motorola […]
Shareholders of ThermicEdge Corp. (Calgary, Alberta) approved the acquisition of all of the outstanding securities of Fuel Cell Technologies Ltd. (Kingston, Ontario) on May 5, 2000. The new company will go by the name Fuel Cell Technologies Corp. (FCTC). FCTC will continue to develop and market its existing line of aluminum-oxygen fuel cells for underwater […]
UniDyn Corp. (Phoenix, AZ) has signed a memorandum of understanding to merge with Clean Energy Technologies Inc. (CET). The merge with CET will give UniDyn entry into the fuel cell energy business through a worldwide exclusive license to use fuel cell technology being developed at the Jet Propulsion Laboratories of the California Institute of Technology. […]
SL Industries Inc. (Mt. Laurel, NJ) announced a 45-percent increase in revenue for the first quarter, ending on March 31, 2000. SL's first-quarter results of $43,537,000 has set a new record for the period. Net income for the first period was $548,000 or $0.09 per diluted share, which included a $24,000 restructuring charge. These results […]
New, breakthrough energy concepts must be implemented in order to provide sustainable energy for the 10-billion global population expected by the year 2050, according to the Electronic Power Research Institute's (EPRI, Palo Alto, CA) Roadmap, a pathway to the future for electric power. Collecting solar energy in space may be one way to fit the […]
Inverpower Controls Ltd. (Toronto, ON) has recently made a number of announcements on repositioning the company to take advantage of its achievements in several power electronics and control products. Inverpower has made recent achievements in conversion systems for alternative energy applications, such as fuel cells, photovoltaic cells and advanced battery-storage systems, and frequency conversion systems […]
Active Power Inc. (Austin, TX) has announced that Mark A. Ascolese, a well-known UPS industry veteran, has joined the company as senior vice president of new business development. Ascolese will focus on advanced technologies, be responsible for establishing further strategic partnerships and developing additional new OEM sales channels. Since 1985, Ascolese has held executive-level positions […]
FuelCell Energy Inc. (Danbury, CT) and King County, WA, jointly announced the signing of an agreement to install a Direct FuelCell (DFC) power plant using municipal waste-water digester gas as the fuel. FuelCell Energy was selected for the project through a competitive process last July to install and operate a 1MW DFC power plant at […]
Texaco Inc. (Detroit, MI) and Energy Conversion Devices Inc. (ECD, Troy, MI) have executed a share purchase agreement for Texaco to purchase a 20-percent equity stake in ECD for $67.3 million. The companies have agreed to establish joint ventures for the continued development and commercialization of advanced energy technologies, initially in the fields of ECD's […]