Catalytica Energy Systems Inc. (Mountain View, CA) announced that Craig Kitchen has resigned from his position as president and CEO to pursue other interests. Kitchen will continue to serve as a director of the company. The board of directors has appointed Chairman of the Board Ricardo Levy to the position of Interim CEO and will […]
FuelCell Energy Inc. (Danbury, CT) and Marubeni Corp. (Japan) announced the first siting of a Direct FuelCell® (DFC®) power plant for a municipal wastewater treatment facility in Fukuoka, Japan. The 250kW DFC unit is to be operated in cogeneration mode, using the methane-like digester gas produced from the processing of municipal effluent. The thermal output […]
Fuel Cell Technologies Corp. (FCT, Kingston, ON) reported financial results for the quarter ended March 31, 2002. Revenues during the first quarter of 2002 reflect the impact of delays in government-related projects. Revenues were about 51 percent of revenues for the first quarter of 2001. In spite of reduced revenue, the net loss of $1.0 […]
General Motors Corp. (GM, Detroit, MI) revealed that it is taking further steps toward the commercialization of fuel cells as a power source in cars and other applications with the construction of a new 7,200m² facility in upstate New York for fuel cell research. The center will be used to develop the materials and processes […]
Stuart Energy Systems Corp. (Toronto, ON) announced that it will take a one-time charge of CDN$6.0 million in its fourth-quarter 2002 financial results in connection with the retrofit of nine hydrogen systems, including costs related to customer support and inventory replacement. The affected components are covered under Stuart Energy's warranty program and are scheduled for […]
Sustainable Energy Technologies Ltd. (Alberta, Canada) announced that the previously announced private placement of 41,666 units at a price of $12 per unit has been fully subscribed, for an aggregate consideration of $499,992. Each unit consists of 100 10-percent, two-year, cumulative, convertible, redeemable, voting preferred shares and 50 two-year, $0.12, common-share, purchase warrants. Each preferred […]
Exide Technologies (Princeton, NJ) announced that Craig Muhlhauser has been named Chairman of the Board of Directors of Exide, effective May 17, 2002. Muhlhauser succeeds Robert Lutz, who resigned as chairman, but will remain a director of Exide. Lutz had been chairman since December 1998. Muhlhauser has been a director and CEO since September 2001. […]
Altair Nanotechnologies Inc. (Reno, NV) reported its financial results for the first quarter ended March 31, 2002. For the three months ended March 31, 2002, Altair reported net revenues of $48,937, surpassing revenues of $42,816 for the entire year of 2001. The company reported a net loss for the quarter of $1.7 million, or a […]
Absopulse Electronics Ltd. (Carp, ON) released the REW60-24, a 24Vdc, single-output, compact, UPS plug-in module with an ac-input range of 95Vac to...
Maxim Integrated Products Inc. (Sunnyvale, CA) announced its new MAX6709 and MAX6714 quad-voltage monitors, which provide fixed thresholds to monitor 1.8V to...
Chairman and CEO Chuck Watson of Dynegy Inc. (Houston, TX), who led Dynegy's failed attempt to take over Enron Corp. (Houston, TX), resigned as chairman and chief executive amid an industry-wide scandal over sham energy trades, investigations by federal regulators, and pressure on Dynegy's stock and debt ratings. Glenn Tilton, vice chairman of ChevronTexaco Corp. […]
Sure Power Corp. (Danbury, CT) began the benchmarking phase of a $2.2 million US Department of Energy award that will lead to the development of an innovative distributed energy, combined heat and power system. Sure Power expects to complete the benchmarking phase and the customization of the system design before the end of 2002. The […]
MagneTek Inc. (Nashville, TN) announced that it has acquired LAB Communications (Las Vegas, NV), a privately held mobile and fixed power systems integrator. While terms of the transaction were not announced, LAB is expected to be accretive to MagneTek's earnings in fiscal 2003, which commences on July 1, 2002. MagneTek CEO Andrew Galef stated, "Although […]
PowerCET (Santa Clara, CA) announced that it will be offering five new power quality courses from August 12 to August 23, 2002, in Santa Clara, CA. The courses are designed for those who must troubleshoot and diagnose power, and courses will teach an understanding of the determinants of power quality, including geographic locations, electrical utility […]
Advance-Galatrek (UK) unveiled its microprocessor-controlled LineUPS® DLB Series of line-interactive, sinewave, uninterruptible power supplies (UPS). Featuring line-interactive circuitry, the LineUPS DLB is suitable for applications where space is at a premium, and purchasing and operating costs need to be taken into consideration, but where performance cannot be compromised. With capacities ranging from 500VA to 2kVA, […]