Eliot Protsch, president of Alliant Energy-Interstate Power and Light and executive vice president, energy delivery at Alliant Energy Corp. (Madison, WI), has been named to the board of directors of Capstone Turbine Corp. (Chatsworth, CA). "Capstone is the one corporate entity in the distributed generation sector that offers products proven clean, reliable and economically beneficial […]
IDACORP Inc. (Boise, ID) reported that it expects first-quarter earnings to be approximately 30 percent less than last year's $0.93 per share, due to weaker results from its energy marketing activities and the lingering effects from last year's regional drought. As a result, the company is lowering its 2002 earnings guidance to a range between […]
XTO Energy Inc. (Fort Worth, TX) announced that it has priced an offering of $350.0 million (increased from $300.0 million) of senior notes due 2012, which will bear a coupon of seven and one-half percent. The net proceeds from the offering will total approximately $342.0 million and are expected to be used to finance recently […]
FuelCell Energy Inc. (FCE, Danbury, CT) and its partner, PPL Energy Plus, a subsidiary of PPL Corp. (Allentown, PA), announced that they are providing two Direct FuelCell (DFC) power plants for installation at New Jersey hotels owned by Starwood Hotels and Resorts Worldwide Inc., one of the largest hotel operators of the world. PPL and […]
Hydrogenics Corp. (Toronto, Canada) announced the acquisition of EnKAT GmbH (Gelsenkirchen, Germany), which is a leading designer and manufacturer of test systems for fuel cells, reformers and electrochemical engines. The combination will expand Hydrogenics' existing product offerings and system-integration capabilities, also extending the geographical reach of the company in Europe. Terms of the transaction were […]
Palcan Fuel Cells Ltd. (Burnaby, BC) announced that it has signed a memorandum of understanding with Celco Profil SRL (Vigonovo, Italy) to...
H Power Corp. (Clifton, NJ) and Synergy Technologies Corp. (Calgary, Canada) announced that they have entered into a memorandum of understanding (MOU) to jointly pursue development of fuel cell systems utilizing H Power's proton-exchange membrane (PEM) fuel cell technology and Synergy's patented SynGen cold plasma process for reforming heavy fossil fuels to produce hydrogen. "We […]
United Technologies Corp. (UTC, Hartford, CT) reported that first-quarter 2002 earnings per share were $0.92, as compared with $0.86 in the same period last year. Net income for the first quarter of 2002 was $467.0 million versus $440.0 million last year. Revenues were $6.4 billion, as compared with $6.7 billion last year. On a comparable […]
Power Measurement (Victoria, BC) announced the opening of its new Denver office, and the appointment of Terry Taylor as District Sales Manager for the region. In this role, Taylor will coordinate sales, service and support for the company's ION energy-management software and intelligent metering and control devices throughout the mountain region.
International Rectifier Corp. (IR, El Segundo, CA) announced that it is acquiring TechnoFusion GmbH (Krefeld, Germany), a wholly owned subsidiary of Royal Philips Electronics (Eindhoven, Netherlands) that makes power generation systems for automotive electronics. IR is paying $50.0 million in cash for the 375-person company. The merger is expected to conclude this quarter following customary […]
TechSys Inc. (Florham Park, NJ) announced that strategic partner Adelan Ltd. (Birmingham, England) was awarded patent GB2366070A entitled "Fuel Cell Operation," which it anticipates will have a significant impact on numerous fuel cell systems in general, and on the Adelan solid-oxide fuel cell technology in particular. TechSys has licensed from Adelan the exclusive right for […]
Hydrogenics Corp. (Toronto, Canada) and announced the launch of its next-generation 2002 FCATS product line, which is Hydrogenics' proprietary product line of automated, industrial-grade systems for the testing and optimization of fuel cells and fuel cell stacks. The new generation FCATS product line is comprised of the S-Series for single-cell testing, the L-Series for large […]
Ballard Power Systems Inc. (Vancouver, BC) announced that its Material Products Division has developed AvCarb P50T carbon fiber paper with superior gas-diffusion properties for use in proton-exchange membrane (PEM) fuel cell applications. The gas-diffusion layer allows for the even diffusion of hydrogen and air against the membrane at the heart of a PEM fuel cell. […]
PowerSmart Inc. (Shelton, CT) has been issued US Patent 6,304,062 for its SmartShunt battery monitoring and reporting sensor, which is used to...
Autotest Co. (San Antonio, TX) announced that it has signed an agreement with Lockheed-Martin's NE&SS Baltimore Division to provide a series of ATE functional test units for testing the cell-control module, hazard-control module and power-module tray assembly functions on the missile launching systems developed by the Lockheed-Martin NE&SS anti-submarine warfare and ocean surveillance systems unit. […]