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Weekly Clean Energy Roundup:August 3, 2006

News and EventsStates and Utilities Commit to Action Plan for Energy Efficiency BP and GE Plan to Build Up to 15 Hydrogen Power Plants by 2016 Texas Overtakes California as the Top State for Wind PowerInterior Department Proposes New Rules to Advance Geothermal EnergyGeothermal Power Plants Planned for Idaho, Oregon, and CaliforniaCompany Plans to Build Cellulosic Ethanol Plant in GeorgiaStates and Utilities Commit to Action Plan for Energy EfficiencyMore than 50 leading organizations have joined together to develop the National Action Plan for Energy Efficiency, which aims to help states and utilities overcome barriers that limit investment in energy efficiency. The action plan, released on Monday, was developed with assistance from DOE and the U.S. Environmental Protection Agency (EPA) and with the participation of electric and gas utilities, utility regulators, state agencies, large energy users, consumer advocates, energy service providers, and environmental and energy efficiency organizations. As part of Monday’s announcement, 72 organizations in 33 states announced commitments to increase their investments in energy efficiency.The plan builds upon best practices from successful energy efficiency programs already operating in many areas. It recommends recognizing energy efficiency as a high-priority energy resource; making a strong, long-term commitment to implementing cost-effective energy efficiency […]

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Millennium Cell Reports 2Q Results

Millennium Cell Inc. (NASDAQ: MCEL) has reported a net loss for the quarter ended June 30, 2006 of $4.7 million, or $0.10 per share, as compared to a net loss of $5.8 million, or $0.14 per share in the same period of 2005. Cash used in operating and investing activities during the quarter was $1.6 million as compared to $2.3 million in the prior year, a decrease of $0.7 million, primarily attributable to lower professional fees and increased cost reimbursements related to participation in government programs. “We have made significant progress in the first half of 2006 towards meeting our full year objectives. We have succeeded in moving our exciting programs and partnerships forward, obtaining new government contracts, as well as building new relationships with fuel cell developers and potential OEM partners,” commented H. David Ramm, CEO. “Regarding existing programs and partnerships, our partner, Protonex Technology Corporation, delivered the P2 soldier power system to the U.S. Air Force in May for evaluation and testing. This system, which combines a Protonex fuel cell with our hydrogen storage technology, is smaller, lighter and more cost efficient than the batteries currently in use by the military for a wide range of portable applications. […]

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