Stuart Energy Systems Corp. (Toronto, Canada) announced that it has signed a letter of intent with Cheung Kong Infrastructure Holdings Ltd. (CKI, Hong Kong), which is a major shareholder of Stuart Energy. With this letter of intent, Stuart Energy aims to pursue and penetrate the market for medium-to-large scale hydrogen back-up power solutions in the […]
IDACORP Inc. (Boise, ID) reported third-quarter earnings of $0.91 per share compared to $1.11 per share for 2000. Excluding unusual charges, the quarterly earnings were $1.09 for 2001, compared to $1.11 for 2000. Net income for the period was $33.9 million compared to $41.6 million a year earlier. Year-to-date earnings per share were $2.80, or […]
Ballard Power Systems (Vancouver, BC) announced that its stationary power subsidiary, Ballard Generation Systems (BGS), its stationary alliance partner, EBARA Corp. (Japan), and EBARA Ballard Corp. have agreed with Osaka Gas (Japan) to collaborate in the development of stationary proton-exchange membrane (PEM) fuel cell cogeneration power generators for the Japanese residential market. "This collaboration broadens […]
ABB Inc. (Raleigh, NC) announced the introduction of the ALPHA Plus 240V single-phase meter, the newest member of the ABB ALPHA family...
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 […]
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 […]