Quantum Stock Soars After Q4 Report
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Kyodo News reports that Mitsubishi Corp. has set up a company in Canada to engage in hydrogen production equipment transactions. H3 Energy Ltd., a wholly owned unit, is located in Vancouver and capitalized at C$14 million (US $10.5 million) to service Canadian fuel-cell and hydrogen-related companies. The new unit will seek to market equipment that breaks down water to extract hydrogen, called high-compressed hydrogen energy generators, by the end of next year, Mitsubishi said. It will also aim to form capital and operational alliances with Japanese and foreign companies such as those in engineering, oil, electricity and industrial gas sectors.
*News and Events University of Wisconsin-Madison Wins FutureTruck Competition GM and DaimlerChrysler Fuel-Cell Vehicles Help Deliver the Mail USDA Offers $13.2 Million for Biomass Energy Projects New 144-Megawatt Wind Power Plant Dedicated in Wyoming New York Olympics Bid Includes Wind- and Solar-Powered Stadium Connecticut Climate Change Act Signed into Law Western Governors Launch Clean Energy InitiativeWestern governors agreed unanimously last week to explore opportunities to develop “a clean, secure and diversified energy system for the West and to capitalize on the region’s immense energy resources.” The energy resolution, adopted at the annual meeting of the Western Governors’ Association (WGA), sets a preliminary goal of increasing the efficiency of energy use in the West by 20 percent by 2020, and also aims to develop 30,000 megawatts of clean energy in the West by 2015. “Clean energy,” as defined in the resolution, includes renewable energy sources such as solar, wind, geothermal, and biomass energy, but also includes clean coal technologies and advanced natural gas technologies. The resolution calls for a study of policies to facilitate wind energy development throughout the region, and notes that the governors have been evaluating an initiative to develop 1,000 megawatts of concentrating solar power in the West. […]
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Calling it the first major pyrotechnics breakthrough in decades, Walt Disney Imagineering has perfected a new innovation in fireworks launch technology after years of research and testing. Compressed air lifts the fireworks, virtually eliminating the need for smoke-producing black powder and other materials at launch, significantly reducing ground-level smoke and noise. As the world's largest producer of fireworks shows, Disney is donating all seven patents associated with the new air launch technology to a non-profit organization so the patents can be licensed to other pyrotechnic providers. The innovation comes from Imagineering's ongoing commitment to "raise the bar" with each new project. The Research and Development team is now turning its attention to developing next-generation low-smoke substitutes for black powder and other materials, which have been used in pyrotechnics for hundreds of years.
General Electric (NYSE:GE) opened a European Global Research Center in Garching, near Munich, Germany, The state-of-the-art 10,000 square-meter facility will be home to 150 scientists and engineers by 2005, who will conduct advanced research into enabling technologies for future products and services. The center will focus on four main research areas: Alternative energy generation technologies, particularly hydrogen, biomass and fuel cells; Electrical systems for renewable energy sources such as solar, wind and water; Specialized sensors for automotive, biological and harsh environment applications; Advanced medical imaging technologies, such as ultrasound, high field magnetic resonance imaging (MRI) and molecular imaging. "We win in the market by bringing life-changing innovations to our customers," said GE Chairman and CEO Jeffrey Immelt. "We're fuelling our future growth today by expanding our capacity for innovation and bringing technology development closer to our European customers." The European center is GE's fourth Global Research facility, in addition to the Global Research headquarters in Niskayuna, New York (1,800 employees), the John F. Welch Technology Center in Bangalore, India (1,600 employees) and the China Technology Center in Shanghai (150 employees). "With the technology we are developing, we have the opportunity literally to reshape the way the world works", said Scott […]
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