Solar Integrated Technologies Wins $2.5 Million Photovoltaic Contract
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Plug Power & Ballard Awarded $2M to Develop Advanced PEM Fuel Cell System
Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean, reliable on-site energy, and Ballard Power Systems (TSX:BLD; NASDAQ:BLDP), a leading developer of proton exchange membrane (PEM) fuel cells, announced they have been awarded a $2M program by the U.S. Department of Defense to develop an advanced prototype PEM fuel cell system to support Defense Continuity of Operations (COOP). Under this program, Plug Power and Ballard will jointly develop a next-generation prototype PEM fuel cell power solution to be used in backup power applications. Plug Power will act as the systems integrator, using a Ballard fuel cell stack for evaluation and potential use in COOP programs for the U.S. Department of Defense and Department of Homeland Security. The project represents the first phase of Plug Power-Ballard collaboration and, if successful, could lead to further development work towards a portable, highly durable, extended-run, zero emission prototype backup power solution for COOP satellite locations. Fuel cell power could help ensure that these locations remain operational, even when other power sources have failed. “Collaboration among fuel cell developers, systems integrators and governments will accelerate the commercialization of fuel cell technology,” said John Sheridan, Ballard’s Chairman of the Board and Interim President and Chief Executive […]
$102 Million Raised to Acquire Natural Brands
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FuelCell Energy Promotes President to CEO
FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of efficient, ultra-clean power generation plants for commercial and industrial customers, announced the election of R. Daniel Brdar as the Company’s Chief Executive Officer. Brdar, previously FuelCell Energy’s President and Chief Operating Officer, retains his title of President while taking over for Jerry D. Leitman as CEO. Leitman, who has led the Company since 1997, will assist Brdar in a strategic advisory role and will remain as Chairman of the Board in the Company’s planned management succession. Since joining FuelCell Energy in 2000, Brdar has been a leader in the Company’s sales and marketing, manufacturing, and product development organizations. He has been instrumental in achieving Company milestones; addressing customer expectations of product performance and reliability; driving cost out of the product to open broad markets; and penetrating key repeatable market segments. In 2005, his contributions were recognized with his promotion to President and COO while being named to the Company’s Board of Directors. “Dan’s accomplishments in nearly every functional area of the Company have been integral to our achievements over the past few years,” Leitman said. “The Board and I believe that his operational experience and performance, combined with his strategic vision for […]
Solar Power Shares Gain Ahead of California Energy Vote
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Millennium Cell Receives $1.7 Million in 2006 Defense Bill
Millennium Cell Inc. (NASDAQ: MCEL), a hydrogen battery technology developer, announced its soldier power program has been allocated $1.7 million of funding in the fiscal year 2006 Defense Appropriations Bill. The soldier power program is a joint effort with Protonex Technology Corporation which is funded by the U.S. Air Force and the U.S. Army. The defense bill funding will support the procurement of Protonex 30-watt portable soldier power systems (“P2”) for use in reliability and field testing to be conducted by the U.S. military throughout 2006. The Protonex P2 power system utilizes chemical hydride fuel cartridges with Millennium Cell’s Hydrogen on Demand technology which are integrated with Protonex’ advanced fuel cell technology. In addition to procurement funding, the budget allocation provides substantial funding for next-generation fuel cartridge system development. The main advantage provided by this technology is the ability to reduce the weight burden on soldiers who carry about 30 pounds of batteries for a 72-hour mission. The P2 system delivers a 60% weight reduction versus incumbent battery technologies at a lower cost. The next generation of technology development to be funded by this allocation will result in fuel cartridges that weigh significantly less than those in the P2 system. […]
United Kingdom: Solar Integrated Sells Interest in Dachland GmbH
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Weekly Clean Energy Roundup:January 11, 2006
News and Events New Energy Efficiency Tax Credits Take Effect Weapons Plant to Save $2 Million Per Year Through Energy Efficiency Hybrids, Flex-Fuels, and Subcompacts Debut at Auto Shows Northeastern States Sign Pact to Limit Greenhouse Gases Interior Department Seeks Comments on Offshore Energy Projects EPA Publishes Regulations to Implement Renewable Fuel Standard Energy ConnectionsEIA: U.S. Greenhouse Gas Emissions Increased 2 Percent in 2004 News and EventsNew Energy Efficiency Tax Credits Take EffectNew energy efficiency tax credits went into effect on January 1st, making it easier for U.S. families and businesses to reduce energy costs at home, at work, and on the road. As part of the Energy Policy Act of 2005, the new tax credits will allow consumers to reduce their 2006 tax bills on a dollar-for-dollar basis up to the amount allowed under the law. For example, consumers who purchase the most fuel-efficient vehicles could reduce their tax liability by up to $3,400, while those who install energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in the home can receive up to $500 off of their federal tax bill.Specific tax benefits for the home include $50 for purchasing an advanced main air circulating fan; $150 for […]
Western Geopower Closes $6.2M Financing With Dundee Securities
Western GeoPower Corp., a renewable energy development company, announces the closing of a financing in the amount of $6,255,625 with Dundee Securities Corporation (the “Agent”) as announced December 14, 2005. Effective as of December 30, 2005, the Company issued 2,345,500 flow through shares at a price of $0.15 per share and 39,358,667 non-flow-through units at a price of $0.15 per unit, subject to a hold period expiring May 1, 2006. Each Unit is comprised of one share and one share purchase warrant, each warrant entitling the holder to purchase one additional share at a price of $0.25 per share for a period of three years. The Agent has been paid a fee in the amount of 2,468,133 Units at a price of $0.15 per unit. Also, compensation options to purchase an aggregate of 4,170,417 Units have been granted to the Agent at a price of $0.15 per Unit.. The proceeds of the financing will be used to conduct the flow-testing of the recently-drilled geothermal wells, MC-6; MC-7 and MC-8 to enable the completion of a feasibility study for the South Meager Geothermal Project; to repay $2,000,000 against the Quest Loan Facility; and for general working capital purposes. In addition, on […]
UQM Technologies Receives $1.08M USAF Contract Supplement
UQM Technologies, Inc. (UQM) has been awarded a $1.08 million contract supplement to an existing U.S. Air Force contract to convert a conventional one-half ton pickup truck to all-electric operation using an optimized configuration of currently available advanced technologies. The contract supplement expands the scope of work to add the development of an electronic motor/generator controller that utilizes high operating temperature silicon carbide power switching modules. The controller is being developed for the USAF Advanced Power Technology Office of the 542nd Combat Sustainment Wing at Robins Air Force Base in cooperation with the U.S. Army National Automotive Center and Mississippi State University. The USAF expect to field test the controller in at least one of the Air Force’s hybrid electric vans, buses and/or in the all-electric pickup truck powered by lithium ion batteries currently being built by the Company. The contract supplement increases the total contract value to $1.83 million and extends the expected completion date to March 31, 2007. Initial delivery and testing of the all-electric pickup truck will not be impacted by the contract supplement and is scheduled for March 2006. Commenting on the award, Jon Lutz, UQM Technologies’ Director of Engineering said, “This program is focused on […]
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