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Ballard Reports 2004 Net Loss, Advances in Fuel Cell Stack Technology

Ballard Power Systems (TSX:BLD – News; NASDAQ:BLDP) reported for the fourth quarter and year ending December 31, 2004. Ballard’s revenue in the fourth quarter and fiscal year ending December 31, 2004 was $20.5 million and $81.4 million respectively, compared to $29.2 million and $119.6 million for the same periods in 2003. Net loss for the quarter and fiscal year ending December 31, 2004 was $55.1 million ($0.46 per share) and $175.4 million ($1.48 per share) compared to a loss of $37.2 million ($0.31 per share) and $125.1 million ($1.07 per share) for the same periods in 2003. The higher loss for the fourth quarter of 2004 primarily results from a $10.7 million ($0.09 per share) increase in loss on disposal and write-down of long-lived assets, a $3.4 million ($0.03 per share) year-over-year negative change in foreign exchange and a $2.9 million ($0.02 per share) decline in engineering, service and other revenue. Excluding loss on disposal and write-down of long-lived assets and foreign exchange impacts, Ballard’s net loss for the quarter would have been $38.4 million or $(0.32) per common share compared to $34.7 million or $(0.29) per common share for the same period in 2003. “During the fourth quarter of […]

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Konarka to Develop PV Fabric With Leading Swiss University

Konarka Technologies, Inc., announced it is developing solar photovoltaic (PV) fabric with Swiss University Ecole Polytechnique Fdrale de Lausanne (EPFL). The joint project is expected to produce the firest fully integrated woven PV material. That means PV will be able to woven into garments, tents or coverings. Said Daniel Patrick McGahn, executive vice president and chief marketing officer, Konarka. “We’ll be able to offer to the marketplace practical new products, such as wearable power generation for mobile electronics made from the solar fabric.” Konarka has previously demonstrated it can produce a working photovoltaic fiber. To weave a fabric, Konarka and EPFL will optimize the strength, thickness and electrical performance of the photovoltaic fiber. In addition, the team will work to interweave fibers so as to maximize the performance of the textile without compromising the fibers’ integrity. The goal is to produce a fabric sample with at least a four percent efficiency rating. The EPFL team is led by Dr. Jan-Anders Manson, the director of the Laboratory of Composite and Polymer Technology, who is well known for his work as the scientific coordinator for the EPFL-Alinghi Project, which designed the yacht that won the 2003 Americas Cup. The undertaking is expected […]

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Weekly Clean Energy Roundup:February 16, 2005

News and Events Large Wind Power Plants Slated for North Dakota and Massachusetts Two Companies Get a Boost from Wind Turbine Manufacturing Long Island Aims to Feature a 10-Megawatt Fuel Cell Facility EPA and Four Partners to Build a Hydraulic Hybrid Delivery Van State Energy Collaborative Awards $4 Million to Eight Projects Europeans Join Forces to Develop Organic LEDs Energy ConnectionsKyoto Protocol Takes Effect Today News and Events Large Wind Power Plants Slated for North Dakota and MassachusettsPPM Energy is proposing to build North Dakota’s largest wind plant, a 150-megawatt facility near Rugby, in the north central part of the state. The company submitted a letter of intent to the North Dakota Public Service Commission in late January and plans to build the 100-turbine wind project by the end of the year. North Dakota Governor John Hoeven expressed support for the project, and plans to meet with the company next week. See the governor’s press release.Two smaller wind plants are also under development in northwest Massachusetts. Berkshire Wind Power LLC is planning to build the 15-megawatt Berkshire Project on Brodie Mountain, near the New York border. A group of the state’s municipal utilities and their power supplier – the Massachusetts […]

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