1. Home
  2. Articles posted by: Rona Fried (Page 1639)

FuelCell Energy Awarded $1.36M for Dod Hydrogen System

FuelCell Energy, Inc. (NasdaqNM:FCEL) is developing a cost-efficient system to separate pure hydrogen from a gas mixture that then can be sold as fuel for hydrogen vehicles or industrial uses. The U.S. Department of Defense (DoD) has awarded FuelCell Energy $1.36 Million to advance this Electrochemical Hydrogen Separator (EHS) project for use with the company’s Direct FuelCell (DFC) power plants. According to the company, unlike other means of separating hydrogen which rely on compression, FuelCell Energy’s proprietary EHS technology has no moving parts. As a result, it is anticipated to be significantly more reliable and efficient than conventional methods. EHS is expected to save up to one-half of the energy required when compared to conventional compression based-methods of hydrogen separation. A subscale prototype EHS unit developed by FuelCell Energy is currently operating at the University of Connecticut Global Fuel Cell Center. This test was made possible through a $600,000 grant provided by the Connecticut Clean Energy Fund under its operational demonstration program. The subscale EHS system currently produces 1200 liters per hour of pure hydrogen. With the DoD award, the unit will be scaled up by a factor of 25 and will operate in conjunction with a sub-megawatt DFC power […]

Read More

United Solar Ovonics Signs Agreements with Spazio Energia

United Solar Ovonic, a wholly owned subsidiary of ECD Ovonics (Nasdaq: ENER) has signed multi-year cooperative agreements with Spazio Energia and Sunerg Solar of Italy to supply a total of 46 MW of photovoltaic (PV) laminates. Spazio Energia will use UNI-SOLAR laminates in Italy to build large-scale PV Solar Parks in the first phase of Italy’s “Gigawatt Scale” PV Solar Park Initiative. Sunerg Solar, a well-known PV distributor and system integrator since 1992, will use UNI-SOLAR laminates to satisfy the needs of its customers and distribution channels in the Italian market. “With the new tariff rates established by the Italian Government to promote the use of PV products, the Italian market is expected to grow significantly in the coming years. Our cooperative agreements with these two companies follow our overall strategic plan to expand our presence in emerging markets like Italy,” said Salama Naguib, Vice President, Global Sales & Marketing of United Solar Ovonic. “We are convinced that Italy will pave the way for Mediterranean countries to increase their level of financial commitment for the installation of PV power, and that our thin-film triple-junction technology will play a significant role in this regard,” said Dr. Claas Helmke, head of Strategic […]

Read More

Capstone Added to the Russell 3000(R) Index

Capstone Turbine Corporation (Nasdaq: CPST) has been added to the Russell 3000 Index as of June 30, 2006. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and style indexes. Russell determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes. “We are pleased to be included as part of the Russell 3000,” said John Tucker, President and CEO of Capstone Turbine Corporation. “Our leadership in the microturbine industry and our most recent achievements have earned us a place on this prestigious index. This important accomplishment is another key milestone for Capstone.” Website: [sorry this link is no longer available]     

Read More

Senate Energy Spending Takes Nation Backward

The Natural Resources Defense Council blasted the $30.7 billion Energy and Water Appropriations bill approved on June 29 by the Senate Appropriations Committee. According to the NRDC, the bill wastes billions of taxpayer dollars on highly polluting, expensive and unsafe energy technologies while providing relatively little for the renewable energy sources that best combat global warming. Following is a statement by NRDC Legislative Director Karen Wayland: “The Senate Appropriations Committee today again missed an opportunity to put the nation on a path toward a clean, economical and safe energy future. It approved spending hundreds of millions of dollars on the uneconomic nuclear industry and the dirty fossil fuels of the past – oil, gas and coal – while nickel-and-diming the renewable energy sources we need to combat global warming. “The total amount wasted on nuclear power – $711 million – is more than all of the money for biomass, solar, hydropower, geothermal, energy-efficient building technology and weatherization combined – $687 million. “Further, the bill paves the way for nuclear power – and nuclear proliferation – around the globe. It funds the administration’s dirty and dangerous reprocessing program, Global Nuclear Energy Partnership (GNEP), at nearly $300 million – well beyond the […]

Read More

Financial Institutions Up Ante on Equator Principles

Forty financial institutions have come together to revise the Equator Principles, making them much more stringent. The Equator Principles are a voluntary set of guidelines on social and environmental criteria to be used when banks make loan decisions. They have been a huge step forward for the industry, in terms of having a common framework and language for environmental and social issues in the project finance industry. According to the banks involved in the current revision, their desire to take the Principles to a higher level underscores how far the financial sector has progressed in embedding in the project finance arena a common set of best practices to manage social and environmental risks related to project financing. Today’s revised principles reflect the experience of the 40 financial institutions around the world that currently apply the Principles. The principles also reflect the recent revisions to the International Finance Corporation’s (IFC) Performance Standards, upon which the Equator Principles are in part based. In developing these changes, the EPFIs actively involved clients, civil society groups and official development agencies, all of whom provided constructive and valuable feedback that the EPFIs reviewed and considered in the revision process. The Equator Principles apply globally and […]

Read More

Ballard Signs MOU with Shanghai Powertrain

Ballard Power Systems has signed a Memorandum of Understanding (MOU) and fuel cell supply agreement with Shanghai Fuel Cell Vehicle Powertrain Co., Ltd. (Powertrain) to cooperate on the development of fuel cell vehicles for demonstration and field trial programs planned in China in 2006 and 2007. Under the terms of the agreements, Ballard will supply fuel cells and related services and Powertrain will integrate those fuel cells into vehicles. As a first step in the relationship, Ballard and Powertrain have signed an agreement for the supply by Ballard to Powertrain of up to 20 Mark 902 automotive fuel cells. Ballard will ship two Mark 902 automotive fuel cells to Powertrain for integration into vehicles later this year. Ballard will also provide related applications engineering and field service support. Upon successful integration of the fuel cells into vehicles, Powertrain will purchase up to an additional 18 Mark 902 fuel cells for the program in 2007. “We believe China could be a key market driving the commercialization of automotive fuel cell technology, and, as such, we are very pleased to announce this next step in our ongoing activities in China,” said Noordin Nanji, Ballard’s Vice President and Chief Customer Officer. The Shanghai […]

Read More