| The total
stationary fuel cell market was at $45.2 million in 2001 and is expected
to reach $11 billion by 2007. Fuel cells are expected to be one of the
main stationary power sources within the next ten years. Market factors
of economics, energy dependence, and environmental concerns are driving
the development of this industry. Growing demand for energy and the deployment
of alternative energy saving and generation technology is creating a market
for fuel cells.
The Emerging Stock Report is initiating
coverage on American Security Resources Corporation (OTCBB:ARSC) up 29%
today. ARSC is a holding company actively seeking to acquire companies
and technologies that will advance the development of alternative energies.
ARSC, through its Hydra subsidiary, is developing high volume mass producible
hydrogen fuel cells.
Their current product is in the final
stages of development and will be called the HydraStax fuel cell. It is
intended to be the first modular, mass producible, fuel cell. The Unit
is housed in a computer-like housing or HVAC unit, which will support 10
individual fuel cells, each generating 1KW. The fuel cell is designed to
be completely interchangeable and each module will be hot-swappable. Included
in the package will be bi-directional, remote monitoring, command and control
software and a comprehensive set of monitors which will be supervised by
the software. The company projects that in volume production a 6KW system
will sell in the $4500-$5000 range which will result in a Cost /KW of roughly
$650. This cost is expected to come down into the $400/ KW range with mass
production efficiencies.
The emerging need for stationary
Fuel Cell technology for the industrial / commercial sector for standby
and remote power, and for high-end residential users, is evident. The Freedonia
Group projects that the Fuel Cell Opportunity is currently a $5 billion
segment of a Trillion dollar industry for reliable power and distributed
generation for the digital economy. The Hydra Fuel Cell is the "first"
mass producible fuel cell system which can provide the efficiency to rival
traditional generated power from public utilities. The cost of this unit
is one third that of competitive fuel cell units. The BTU consumption to
usable power efficiency of the Hydra unit is double that of conventional
oil burning generators. This product has the unique capability to allow
an owner to generate power during off-hours at a cost of around $0.06/KW/hr
to $0.08/KW/hr and to sell it back to the grid for $0.12 to $0.16/KW/hr,
while supplying the owner's normal power needs during the day. In effect
this unit becomes a cash generator for the owner, selling electricity for
up to a 100% gross profit.
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