Capstone Turbine Corp. (Chatsworth, CA) reported revenue of $4.6 million for the quarter ended March 31, 2002, compared with revenue of $8.9 million for the first quarter of 2001. For the first quarter of 2002, Capstone's net loss was $12.0 million, or $0.16 per share, compared to a net loss of $9.5 million, or $0.12 […]
Global Thermoelectric Inc. (Calgary, Canada) announced its first-quarter 2002 results. Revenue from thermoelectric generator sales and service for the quarter ended March 31, 2002, was $4.5 million, compared to $6.3 million for the first quarter of 2001. The gross margin from continuing operations was $1.6 million, or 35 percent of revenue in the quarter, compared […]
DTE Energy Technologies Inc. (Detroit, MI) has installed two fuel cells manufactured by Plug Power Inc. (Latham, NY) to provide backup power at a Detroit Edison power station in a project intended to demonstrate the feasibility of using the technology in conjunction with the traditional power grid. The project is to assess the use of […]
Caterpillar Inc. (Peoria, IL) and FuelCell Energy Inc. (Danbury, CT) have formalized and expanded their agreement to distribute and develop ultra-low emission...
Fluke Corp. (Everett, WA) acquired Reliable Power Meters (RPM, Los Gatos, CA) for an undisclosed price. The sale of the power quality monitoring and analysis technology manufacturer was finalized April 15. Fluke plans to integrate RPM's product line into its electrical products organization. "Fluke has been active in the power quality market for many years," […]
Sustainable Energy Technologies Ltd. (Calgary, Alberta) announced that, subject to regulatory approval, it will issue up to 41,666 units at a price of $12 per unit to a group of private investors to raise a maximum of $500,000. Each unit will consist of 100 10-percent, two-year, cumulative, convertible, redeemable, voting preferred shares and 50 two-year, […]
The US Senate voted 88 to 11 to adopt the broadest US energy legislation of the past 10 years. Senators approved the 458-page bill, as well as more than 100 amendments, which will substantially rewrite electricity and gasoline regulations, nearly triple ethanol consumption across 10 years, and require a more than five-fold increase in renewable […]
Power-One Inc. (Camarillo, CA) announced that net sales for the fiscal quarter ended March 31, 2002, were $48.4 million, compared with $169.9 million in the first quarter of 2001, a decrease of $121.5 million, or 71.5 percent. Net sales for the first quarter of 2002 increased sequentially by $524,000, or 1.1 percent, compared to the […]
The Southern Coalition for Advanced Transportation (SCAT, Atlanta, GA) announced the successful completion of 100,000 test cycles for a high-speed composite flywheel. Tests cycled the flywheel's energy through a simulated hybrid-electric transit bus cycle. The flywheel underwent speed excursions from 27,000rpm to 36,000rpm, with a peak speed of 825m/sec. "These successful tests represent a major […]
Wescon 2002 North America will be held in Anaheim, CA, on September 24, 2002. Wescon will supplement its 2002 program with an exhibit floor pavilion highlighting power products. Participants in Wescon can see real-world solutions from providers of power supplies, power sources, and power management components and equipment. The opening session will feature a panel […]
Scientists at the US Department of Energy's Brookhaven National Laboratory have developed a new method of creating catalysts that reduces the amount...
NASA's Jet Propulsion Laboratory (Pasadena, CA) has designed a portable, compact, flat fuel cell technology suitable for operating small, portable electronic devices...
Smart Fuel Cell GmbH (Munich, Germany) announced early production examples of a methanol-fueled device capable of producing 40W of power intended to...
ElectroChem Inc. (Woburn, MA) has been awarded a $1.0 million NASA contract for the first-phase development and a $2.5 million option contract for the second-phase development of a fuel cell power plant for the next generation of reusable launch vehicles (RLVs). ElectroChem was one of two companies chosen to develop a pre-prototype proton-exchange membrane (PEM) […]
TechSys Inc. (Florham Park, NJ) announced plans to jointly develop portable fuel cell technology with the National Aeronautics and Space Administration's (NASA) Jet Propulsion Laboratory (Pasadena, CA). Financial terms were not available. TechSys reported that it will jointly design the micro direct-methanol fuel cell technology, and will also receive rights to an exclusive license on […]