Urban Environment Focus of European Public Consultation
URL: http://www.ens-newswire.com/ens/jul2005/2005-07-29-01.asp Website: http://www.ens-newswire.com/ens/jul2005/2005-07-29-01.asp
Sierra Nevada Brews a Fuel Cell from Fuel Cell Energy
Sierra Nevada Brewing Co., which brews craft beer, dedicated a one-megawatt fuel cell power plant yesterday – the largest commercial high-temperature fuel cell installation in California. Supplied by Fuel Cell Energy (NasdaqNM: FCEL), the 1 MW power plant consists of four 250-kilowatt Direct FuelCell (DFC) power plants. Its waste heat will be harvested in the form of steam and used for the brewing process as well as other heating needs. The energy from the fuel cell (equivalent to the power needed to support 500-1000 homes for a year) will supply 100% of the brewery’s base load power requirements. When the fuel cells generate more power than the brewery requires, Sierra Nevada sends excess electricity back to the grid system and receives credit for a portion of its generation costs. Pacific Gas and Electric Company presented a check in excess of $2.4 million as part of its Self Generation Incentive Program (SGIP), which assists customers installing clean on-site electric generation. These cash rebates help to offset the upfront costs associated with installation. The SGIP runs through 2007 and provides up to $66 million per year in incentive funding for purchasing ultra-clean and renewable onsite power systems, including fuel cells. The Sierra […]
Plug Power Launches Public Stock Offering
Plug Power Inc. (Nasdaq: PLUG) announced the commencement of a public offering of 11,000,000 shares of its common stock. Plug intends to grant the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock to cover over-allotments, if any. Citigroup Global Markets Inc. will be the sole bookrunner for this offering and Stephens Inc. will act as co-manager. The shares of common stock will be offered under Plug Power’s existing shelf registration statement filed with the Securities and Exchange Commission. The prospectus supplement and accompanying prospectus related to this public offering has been filed with the Securities and Exchange Commission. Plug Power Inc. is a leader in the deployment of clean, reliable, on-site energy products. More than 550 Plug Power fuel cell systems have been delivered to customers worldwide in commercial, public sector, telecommunications, utility and uninterruptible power supply markets. Website: http://www.plugpower.com
Solartron Expects Sales to Increase by 30%
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Phnix SonnenStrom AG Reports First Half 2005 Results
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Ballard Posts Slightly Smaller Loss
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Millennium Cell Reports Second Quarter Results
Millennium Cell Inc. (NASDAQ:MCEL), a leading developer of hydrogen battery technology reported a net loss for the quarter ended June 30, 2005 of $5.8 million, or $0.14 per share, as compared to $2.9 million, or $0.08 per share in the same period of 2004. The increase in net loss is attributable to non-cash charges of $2.4 million associated with issuance of the Series A Preferred Stock to The Dow Chemical Company (“Dow”) in April 2005. Excluding the impact of these charges, the Company’s results were within expectations for the quarter. Cash used in operating and investing activities during the second quarter was $2.3 million as compared to $1.3 million for the same period of 2004, an increase of $1.0 million. This increase was attributable mainly to payments of professional fees incurred in connection with the Company’s joint development arrangement with Dow, the closing of the private placement and Nasdaq compliance efforts in the first half of 2005. “The second quarter was important for the Company as we secured new partners and new funding while advancing the development of our technology toward commercialization,” commented H. David Ramm, Millennium Cell Chief Executive Officer, “We began working with the Dow team to further […]
RecycleNet Corporation Acquires Industry On-line Central
RecycleNet Corporation (OTC Bulletin Board: GARM) an on-line secondary commodities exchange, announced the acquisition of Industry On-line Central (http://www.iolcentral.com ), a St. Louis, Missouri waste exchange. RecycleNet’s regional waste exchange program is a free service for generators of scrap, waste or by-product. Users can list their materials in an effort to facilitate waste diversion and minimize waste going into landfill. Over the past several months RecycleNet has launched regional exchanges in Asia, Europe, South America, Mexico, Canada, and in 23 states across America. RecycleNet Corporation enables trade on a local, national and international basis with customized sites locating markets around the world in many different commodities. On any given day, there are in excess of $200 million in new items listed on its exchanges. Website: http://www.recycle.net
RecycleNet Acquires Industry On-line Central
RecycleNet Corporation (OTC Bulletin Board: GARM) an on-line secondary commodities exchange, announced the acquisition of Industry On-line Central (http://www.iolcentral.com ), a St. Louis, Missouri waste exchange. RecycleNet’s regional waste exchange program is a free service for generators of scrap, waste or by-product. Users can list their materials in an effort to facilitate waste diversion and minimize waste going into landfill. Over the past several months RecycleNet has launched regional exchanges in Asia, Europe, South America, Mexico, Canada, and in 23 states across America. RecycleNet Corporation enables trade on a local, national and international basis with customized sites locating markets around the world in many different commodities. On any given day, there are in excess of $200 million in new items listed within our exchanges.
U.S. Unveils Climate Pact, Kyoto Alternative
WASHINGTON (Reuters) – The Bush administration, which is pushing alternatives to the Kyoto treaty on global warming, unveiled a six-nation pact on Wednesday that promotes the use of technology to cut greenhouse gas emissions. The deal between the United States, Japan, Australia, China, India and South Korea will build on existing bilateral agreements on technology sharing. It includes no Kyoto-style caps on emissions. President Bush said in a statement the Asia-Pacific partnership, which will be formally introduced in the Laotion capital Vientiane, would address global warming while promoting economic development. But environmentalists criticized it as an attempt by Washington to create a distraction ahead of U.N. talks in November in Montreal that will focus on how to widen Kyoto to include developing nations after 2012. The approach of looking to technology for solutions to global warming was emphasized by Bush at the Group of Eight summit in Scotland when he called for a “post-Kyoto era.” The United States, which creates the biggest share of greenhouse emissions, and Australia are the only developed nations outside Kyoto. But Japan, China, India and South Korea have ratified Kyoto, which demands cuts in greenhouse emissions by 5.2 percent below 1990 levels by 2008-2012. “As […]
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