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Fuel Cells are Reaching the Market, in What Could be a $100 Billion Industry : Depending
on whom you talk to, the fuel-cell revolution is either 20 years down the
road or right around
Hijacking
Hydrogen-Will
Big Oil, Coal Interests and the Nuclear Industry Control the Next Energy
Revolution?
With a hum instead of a roar, the fuel cell is here: Honda Motor's Tochigi R&D center is about an hour from Tokyo by bullet train, north across the Kanto Plain. Immediately visible from the gatehouse is a crash-test center, nearly the size of a sports arena. Down the road, on the ground floor of an office building, 200 or more workers sit at desks in a single immense and undivided room, 100 percent cubicle-free. Most of the desks are equipped with laptop computers. Everyone wears the regulation two-piece Honda uniform: white waist-length jacket and white pants. Meeting rooms are stocked with spare uniforms, just in case. Clearly, this is not America. In one of those meeting rooms
last month, I talked with Yuji Kawaguchi, a senior engineer with Honda's
fuel-cell program.
First Albany Announces Gifting of MTI Shares: First Albany Companies Inc.
(Nasdaq: FACT - News)
announced today that prior to year end the Company and its co-chief executive
officers, George McNamee and Alan Goldberg, had gifted, in the aggregate,
over 400,000 shares of Mechanical Technology Incorporated (Nasdaq: MKTY
- News) common stock to
various charities. These gifts were part of the annual giving of the Company
and Messrs. Goldberg and McNamee. In addition, however, they aided in reducing
the overall ownership attributed to First Albany under the accounting rules.
In combination with the share exchange with Mechanical Technology Inc.
that was announced December 23, 2002, First Albany may now discontinue
reporting its share of Mechanical Technology's earnings under the equity
method of accounting.
GM Targets 1 million hybrids: General Motors intends to produce as many as 1 million hybrid gasoline/electric cars, trucks and crossovers. If the automaker lives up to its initial plans, it would be the largest commitment yet to the environmentally-friendly technology. “We’re (not) just hyping this,” GM technology director Larry Burns told TheCarConnection. “We do intend to execute what we’re out here saying.” If so, it would be a significant reversal for GM in particular, and the Big Three U.S. automakers, in general. Until now, they have embraced hybrid technology reluctantly, at best, arguing that it is costly, unreliable and of questionable benefit in the race to reduce fuel consumption and automotive emissions. GM will take a three-pronged approach as part of its hybrid program: Fuel for change-Chrysler Natrium: The most notable thing about
the Natrium -- aside from the fact that the Chrysler Town and Country minivan
happens
Sitting at the wheel of the
one-of-a-kind experimental fuel cell vehicle is enough to make a driver
feel like the captain
Whoooosh. Whirrrr. Fshhhhhh . . . Thunk! "That's the spent fuel being injected back into the fuel tank," explains controls engineer Euthemios (Euthie) Stamos. "There's a lot of pumps down there." Why didn't they install quieter
pumps, he is asked?
Hiss turns to roar for quiet cars -( Hydrogen cars: just add noise) The sound of a Ferrari - or a diesel truck - may be only the press of a button away in the car of the future. Hydrogen-powered vehicles are so quiet that car makers are considering engineering engine sounds to be amplified through the cars' speaker systems. Speaking in Detroit in the
United States this week, the vice-chairman of product development at General
Motors, Bob Lutz, said hydrogen cars would provide a challenge for engineers
who often tune cars to a particular sound.
Palcan Fuel Cells Ltd.-Extension Of Private Placement : Palcan Fuel Cells Ltd. (the
'Company') wishes to announce further to the Company's news release dated
November 6, 2002 regarding a proposed private placement of up to 1,650,000
units (the 'Units') at a price of $.25 per Unit to raise gross proceeds
of up to $412,500, that an extension of the closing deadline has been granted
by the TSX Venture Exchange. Each Unit will be comprised of one common
share in the capital of the Company and one common share purchase warrant
entitling holders to purchase one additional common share in the capital
of the Company for a period of two years at a price of $.35 per share.
The Company, anticipates that the closing will occur on or before January
31, 2003.
Advanced Measurements Awarded Contract to Build Fifteen SOFC Test Stands: Advanced Measuresments (AMI)
announced today the Alberta Research Council Inc. (ARC), headquartered
in Edmonton, AB, ordered from AMI a micro solid oxide fuel cell (ì-SOFC)
Test Stand for its research and development of micro SOFC’s.
Toyota Premieres FINE-S Fuel-Cell Concept: Toyota Unveils Fuel-Cell Concept Car in Detroit at North American International Auto Show Toyota Motor Corp. (Japan) unveiled the FINE-S hydrogen fuel cell hybrid-electric concept vehicle at a press conference at the 2003 North American International Auto Show. The FINE-S concept vehicle is representative of the future of fuel-cell vehicles as being high in styling and high in performance. With the ability to modularly install fuel-cell components throughout the vehicle, future fuel-cell vehicles will be capable of having individual electric power applied to all four wheels. The FINE-S features a long
wheelbase with very short front and rear overhangs and a sleek low-to-the-ground
aerodynamic design. The low center-of-gravity coupled with an individual
wheel torque control system will provide excellent performance handling.
Inside, the FINE-S features a spacious cabin with a four-seat design that
provides roominess and comfort.
Energy-Micro-Power: Several consumer electronics companies, including Casio Computer, Motorola, NEC, and Samsung, are investing big bucks in micro fuel cells for powering consumer gadgets like cell phones and laptops. This investment will significantly improve the power efficiency of these devices--imagine a cell phone that needs recharging just twice a year. Intermec and MTI MicroFuel Cells Developing Fuel Cell-Powered Mobile Computing Systems: Intermec Technologies Corp. has signed a strategic commercial partnership with MTI MicroFuel Cells Inc. (MTI Micro), a subsidiary of Mechanical Technology Inc., to develop micro fuel cell systems for Intermec rugged handheld mobile computers and peripherals, the companies announced today. As part of the joint development
and supply agreement executed in December2002, MTI Micro and Intermec will
integrate MTI Micro's proprietary direct methanol micro fuel cell power
system into future Intermec mobile computing equipment. Intermec
plans to first offer MTI Micro's system with a product targeted for launch
in 2004, as well as explore additional product opportunities
Ztek Joins California Fuel Cell Partnership; Project With Pacific Gas And Electric Will Establish Hydrogen Refueling Station Ztek Corporation, a leader
in the development of on-site hydrogen reformer technologies and Solid
Oxide Fuel Cells (SOFC), today announced that it has joined the California
Fuel Cell Partnership, a consortium of automobile companies, energy providers,
fuel cell manufacturers and government agencies committed to the commercialization
of fuel cell vehicles.
QUANTUM Ships Second Portable Hydrogen-Refueling System: QUANTUM Fuel Systems Technologies Worldwide, Inc., (Nasdaq: QTWW - News) announced today that it has shipped a second hydrogen-refueling unit to a major automotive OEM (original equipment manufacturer) customer to support its pre-production prototype hydrogen fuel cell vehicles. QUANTUM has developed a line
of portable and mobile 5,000 and 10,000-psi hydrogen-refuelers to support
the emerging fuel cell vehicle market. These compact units draw hydrogen
from either a commercially available gaseous hydrogen supply and "boost"
the pressure of the hydrogen for delivery to the vehicle at the desired
pressure; or from a high pressure storage cascade based on QUANTUM's ultra-lightweight,
all-composite TriShield(TM) hydrogen storage tanks. These units are designed
to ensure a complete fill of hydrogen using software-controlled temperature
compensation.
Gang Green-Paul Lancaster; Ballard Power Our expert panel examines
how smart firms today invest in ways to make their plants and products
cleanerBy ERIC ROSTON; JOAN BAVARIA; SANJAY CORREA; PAUL LANCASTER;
Plug Power names Neumann chief financial officer: Fuel cell maker Plug Power
Inc. (NasdaqNM:PLUG
- News) said on Wednesday
that David A. Neumann has been named chief financial officer, replacing
W. Mark Schmitz who has resigned, effective Jan. 20.
Green giant-Hypercar inventor Amory Lovins sees fuel cell-poweredcars on the road within the decade. First it was the California energy crisis, then it was the Enron meltdown. Now increasing instability in the Middle East has, once again, fueled serious concerns about the oil supply. And even as renewable energies like solar, wind, and hydro have become economically attractive, a Republican-dominated House and Senate combined with President Bush's national energy policy could hinder further alternative-energy development. With all this in mind, we sat down with Amory Lovins, energy guru, inventor, policy maker, and founder of the Rocky Mountain Institute, an energy think tank. Pacific Fuel Cell Corp. Announces Investment by Two Offshore Entities Totaling US$100,000: Pacific Fuel Cell Corp. (OTCBB:PFCE) announced today the investment of US$100,000 at a price of US$0.05 per common share by two offshore entities, for a total purchase of 2,000,000 common shares. "We
are gratified by this investment in our company, particularly since we
consider the investors
Dynetek supplies stationary hydrogen storage to Stuart Energy for Toyota's intelligent hydrogen fueling station in California : Dynetek Industries (TSX:
DNK
- News) of Calgary,
Alberta announced today its involvement with the Stuart Energy (TSX: HHO
- News) intelligent
hydrogen fueling station sold to Toyota Motor Sales U.S.A., as announced
earlier by Stuart Energy Systems Corporation of Mississauga, Ontario.
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| Hydrogenics
Acquires Main Competitor in $19 Million Deal
Hydrogenics Corp. has acquired Greenlight Power Technologies Inc., its principal competitor in the fuel-cell-test business, in a transaction valued at about $19 million. In a press release, Hydrogenics said the acquisition will enable it to consolidate its position in the fuel-cell-testing business, "while creating additional capacity and aligning dedicated resources to its fast-growing fuel- cell power-products business. It said the acquisition virtually doubles the size of Hydrogenics' test business. Nippon Oil To Start 1 Year Tests On Fuel Cells For Homes: Nippon Oil Corp. (J.NPO or 5001) said Wednesday it will begin "monitoring tests" on its liquefied petroleum gas-based fuel cell for onsite heating and power cogeneration system for household users later this month. "We developed the world's first LPG-based polymer electrolyte fuel cell (PEFC) that will be put in practice," said Executive Vice President Takao Suzuki. The 1-kilowatt PEFC produces electricity through an electrochemical reaction between hydrogen and oxygen, rather than through combustion, and emit only water and heat. Mitsubishi to ship samples of residential Fuel Cells: Mitsubishi Heavy Industries Ltd. has announced that it has developed and begun shipping, for field-testing purposes, samples of a 1kw residential-use fuel cell. The city-gas-fueled, solid-polymer
fuel cell uses proprietary technology developed by Tokyo Gas Co.
to extract hydrogen fuel from city gas to produce electricity. Designed
for home use, the fuel cells also include catalyst-protection technology
that enables users to power them on and off at will.
GM Reveals Fuel-Efficient Military Truck to Army(Bloomberg) FUEL CELL UNIT REPLACES CONVENTIONAL GENERATOR (GM) GM-MILITARY DIESEL HYBRID/FUEL CELL APU: FREQUENTLY ASKED QUESTIONS (GM) GM Diesel Hybrid Truck Vehicle Features(GM) Hydrogenics' Fuel Cell APU Demonstrated at Unveiling of GM Military Vehicle
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