DTE Energy Co. (Detroit, MI) announced 2001 third-quarter operating earnings of $84.0 million, or $0.51 per basic and diluted share, excluding the impact of merger and restructuring charges and goodwill amortization. Operating earnings for the 2000 third quarter, were $105.0 million, or $0.74 per share. DTE Energy's reported earnings for the third quarter 2001 were […]
Ballard Power Systems Inc. (Vancouver, BC) announced its Mark 902 advanced fuel cell platform. Building on the Mark 900 Series announced in January 2000, the Mark 902 optimizes lower cost, design for volume manufacture, reliability, power density and compatibility with customer system requirements. The Mark 902 Series represents Ballard's 4th generation of transportation fuel cell […]
Enron Corp. (Houston, TX) shares fell to their lowest level in almost seven years in early trade following news that North America's largest natural gas and electricity trader was considering tapping additional credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks. Enron shares […]
ABB Inc. (Raleigh, NC) announced the introduction of the ALPHA Plus 240V single-phase meter, the newest member of the ABB ALPHA family...
Hydrogenics Corp. (Mississauga, ON) announced the appointment of Gary Brandt as CFO. Brandt brings over 20 years of financial experience, with the past 15 years in the telecommunications industry. Most recently, Brandt was CFO with @Link Networks (Louisville, CO). "Hydrogenics prides itself on depth of experience in its leadership team and Gary will be a […]
Enron Corp. (Houston, TX) announced that the Securities and Exchange Commission (SEC) has requested that Enron voluntarily provide information regarding certain related party transactions due to concerns regarding the company's relationship with two limited partnerships that were run, until recently, by Enron's CFO, Andrew Fastow. The two partnerships, LJM Cayman LP and the larger LJM2 […]
FuelCell Energy Inc. (FCE, Danbury, CT) received an order from PPL Spectrum Inc. (Allentown, PA) for the purchase of a 250kW Direct FuelCell (DFC) power plant slated for installation at the US Coast Guard Air Station Cape Cod located in Bourne, MA. The power plant will provide electricity and heating to the base, which includes […]
STMicroelectronics (Geneva) announced that it plans to close its Rancho Bernardo, CA, 6in front-end wafer-fabrication production and transfer the fab's products, processes and equipment to ST's manufacturing facilities in Carrollton, TX, and Singapore. The move is targeted for completion near the end of the first-quarter 2002 and affects approximately 330 employees in Rancho Bernardo, near […]
Avista Labs (Spokane, WA) announced its affiliate H2fuel LLC (Mt. Prospect, IL) is developing new technology that would greatly reduce the cost of producing hydrogen for use in fuel cells. The new membrane-based technology works by eliminating carbon dioxide and carbon monoxide from readily available fuels such as natural gas and propane, thus allowing the […]
Proton Energy Systems Inc. (Rocky Hill, CT) held a ground-breaking ceremony at the Wallingford site of its future company location. Proton's new 100,000sqft facility is being built to accommodate its projected growth within the emerging alternative energy sector. The building will include Proton's corporate headquarters and space for manufacturing, research and product development activities. The […]
General Motors Corp. (GM, Detroit, MI) and Hydrogenics Corp. (Mississauga, ON) announced a strategic alliance to accelerate the development of fuel cell technology into global commercial markets. The alliance will include shared intellectual property rights and joint efforts in fuel cell product development, engineering, prototyping, testing, branding and marketing strategies. As part of the agreement, […]
Ocean Power Corp. (El Dorado Hills, CA) announced that Cheng-Guan Michael Quah has joined Ocean Power as the CTO and senior vice president (Asia). Quah will be responsible for coordinating and building up a technology portfolio to support the company's power and water projects globally, and leading the growth of Ocean Power in Asia through […]
Silicon Energy (Alameda, CA) and Sixth Dimension (Fort Collins, CO) announced an alliance to develop and market fully integrated solutions for large-scale,...
Business Communications Company Inc. (BCC, New York) has just completed a company-commissioned independent report entitled "Market Potential for Metal-Air Fuel Cells." The BCC report states, "Because of the long shelf life, stability, safety, drain time, energy density, power and environmentally benign character of aluminum-air fuel cells, they are positioned to take a significant market position […]
Invensys Powerware Division (Raleigh, NC) announced the latest uninterruptible power system in its Series 9 product family, the Powerware 9330 Model 40, for solutions in the 20kVA to 40kVA range. Designed to meet the high-availability needs of critical 24/7 applications, the Powerware 9330 delivers enhanced systems reliability and contains high-end features and benefits. The primary […]