Alternative Energy Stocks

Ballard Power (BLDP) to Power More Than 50 percent of Announced Demonstration Fleets Under U.S. Hydrogen Economy Initiative. The first production vehicles powered with Ballard® fuel cells and built by Ford Motor Company for customer use under the U.S. Department of Energy demonstration program were unveiled in Detroit today. Ballard Power Systems together with its Alliance partners, DaimlerChrysler and Ford, continue to lead the industry in fuel cell development, as they place the largest fleet of fuel cell vehicles in the hands of customers, further advancing the path to commercialization. Nearly half of the Department of Energy's announced...

Nevada Geothermal Power Inc. (NGLPF) is pleased to report that a temperature gradient drilling program is near completion at the Blue Mountain project in Nevada. Eight holes have been drilled to depths up to 1020 feet using an air rotary rig to map the subsurface thermal anomaly outward from the central thermal zone. At three valley locations where the depth of overburden exceeded the capability of the air drilling equipment, additional drilling with a mud circulation rig may be conducted after the initial results have been compiled. Results from the current drilling combined with earlier temperature gradient data and...

SatCon Technology Corporation (SATC) announced that it received a $1.8 million purchase order for an initial installation of a 2.2 megawatt Rotary Uninterruptible Power Supply (RUPS). Included in the purchase order is an option for a second UPS for $1.5 million. Baldwin Technologies in College Park, Maryland served as the engineering and manufacturer's representative for this sale and the final customer is the National Institute of Standards and Technology in Boulder, Colorado. Delivery of the first unit is expected in the first calendar quarter of 2005.

TheStreet.com has a good write up about the new potential growth opportunities that are available in the Alternative Energy marketplace. "With oil recently passing the $50 mark and expected to stay high some investors feel freshly tempted by alternative energy stocks. They view fuel cells and sunshine and windmills as ultimate replacements for diminishing supplies of fossil fuels. Thus, they tend to look past the alternative fuel industry's current losses and focus on future possibilities instead." The following companies are mentioned in this article: Ballard Power (BLDP) FPL Group Inc (FPL) Fuelcell Energy...

U.S. power companies such as FPL Group Inc (FPL) that develop windmill farms will probably install a record number of turbines next year after Congress renewed the tax credit needed to make the plants cost effective. Over a thousand new windmills, typically twenty stories high with three 40-foot blades, will crop up in fields in Oklahoma, ranches in Colorado and off the coast of Massachusetts. U.S. wind power will increase by more than the 1,687 megawatts built in 2003, said Christine Real de Azua, a spokeswoman for the American Wind Energy Association, a trade group in Washington....

O2Diesel Corp (OTD) announced that one of the largest sugar millers and ethanol producers in the world, COSAN (annual revenues of US$500 million) of Brazil, began using O2Diesel(TM) in the diesel powered fleet located at their mill in Barra Bonita, State of Sao Paulo. This mill is the world's largest sugar and ethanol production facility with the capacity to process 6.8 million tons of sugar cane per year. The patented fuel technology developed by O2Diesel Corporation of Newark, Delaware, will be used in a wide variety of trucks and agricultural equipment. COSAN operates 12 mills in Southeastern Brazil with...

The Connecticut Clean Energy Fund has agreed to provide funding to Proton Energy Systems, Inc., a subsidiary of Distributed Energy Systems Corp (DESC) to design, build and conduct a 24-month demonstration of a 5kW Regenerative Fuel Cell (RFC) for a telecommunications site in southwestern Connecticut. The project proposal from Proton is consistent with the Connecticut Clean Energy Fund's mandate to support projects that promote the commercialization of fuel cells and illustrate their importance as a clean, reliable distributed energy source.

Hydrogenics Corp (HYGS) announced the sale of two FCATS G50 fuel cell test stations to Asahi Glass Co. Ltd., a leading fuel cell component maker. The stations are expected to be delivered before the end of the year. The FCATS G50 is specifically designed to offer accuracy and reliability for fuel cell testing in low power ranges, at an attractive price. The 'G' Series test stations offer superior reliability and maintainability as a result of thorough in-house testing, selection of high quality components and well-designed accessibility to the test station's internals.

Ballard Power (BLDP) announced it will demonstrate three distinct applications utilizing Ballard® fuel cells for backup power in cooperation with the Government of Canada under the h2 Early Adopters (h2EA) Program. The h2EA Program will fund Cdn. $2 million of the $4 million program with the balance of funding to be provided by the program participants. Field demonstrations such as this support the Canadian Government's aim to accelerate the development of a hydrogen economy by encouraging innovation, expanding industrial capacity, and meeting climate change objectives.

Tens of thousands of taxpayers have purchased hybrid electric vehicles this year, and the thousands more who plan to buy these gas-saving, environmentally-friendly vehicles in coming year will receive a bigger tax incentive than expected for their socially-responsible purchases, thanks to yesterday's action by the U.S. Congress on the middle class tax cut bill.

Hydrogenics Corp (HYGS) and the Toronto Waterfront Revitalization Corporation (TWRC) are announcing the signing of a memorandum of understanding today at the Hydrogen and Fuel Cells 2004 Conference in Toronto. Together the two organizations will explore ways in which hydrogen fuel cell technologies and hydrogen production can support and build on the sustainable development goals of the TWRC. "Toronto is uniquely positioned to leverage Canada's strong leadership position in fuel cell technology and commercialization," said Pierre Rivard, President and CEO of Hydrogenics Corporation. "By engaging the local expertise we can enhance and accelerate the development of a...

Stuart Energy Systems Corp (SRNYF) announced that it has been awarded approximately $300,000 in funding from Natural Resources Canada, through the Canadian Transportation Fuel Cell Alliance (CTFCA) program, for the preliminary engineering of three electrolysis-based hydrogen-fueling stations. These stations, when built, are intended to support demonstration projects involving hydrogen-powered shuttle buses. The targeted locations for these projects are in Ottawa and Toronto, Ontario, and in Charlottetown, Prince Edward Island. These projects will develop market familiarity and consumer acceptance for hydrogen-powered vehicles and hydrogen fueling infrastructure, and ultimately facilitate the commercialization of these technologies. Phase 1 of the project...

First National Power Corporation (FNPR) in keeping with its commitment to becoming a leader in alternative energy sources is pleased to announce that on August 18, 2004, they conditionally agreed to work with an integral department of a large Northern Ontario city, with the intent being to collaborate on identifying alternative energy solutions. It is the intent that FNPR will joint venture with the City and possibly a local forestry concern on these projects. First National Power will act as a full partner, providing the funding, while the other partners will be the vendor of the equipment, the operator...

German luxury carmaker BMW unveiled the world's fastest hydrogen-powered car at the Paris auto show on Wednesday, dubbed the H2R, capable of exceeding 300 kilometers (185 miles) per hour. "Our drive toward the future is called hydrogen," BMW management board member Burkhard Goeschel said before the tarp slowly slipped off the teardrop-shaped body of the sleek race car.

Green Star Products Inc (GSPI) announced today that according to an article published in the Salt Lake Tribune (September 17, 2004) B2 biodiesel blend is now selling at 3 cents below average diesel price in Salt Lake City, Utah. The article states, "Alternative fuel enthusiasts have a new place to fill up. The first biodiesel fuel pump in Utah opened Thursday at Dal Soglio Sinclair, 7398 S. 700 West, in Midvale. The station now sells diesel fuel that is a 2 percent biodiesel blend (B2), along with conventional unleaded gasoline. The B2 blend costs $1.94 per gallon, which...

Clean Diesel Technologies Inc. (CDTI) announced today that it has completed extensive independent testing of its Platinum Plus® fuel-borne catalyst (FBC) in a wide range of fuels on four different engines at Southwest Research Institute in San Antonio. Results from these tests confirm that the FBC, when added to various commercial diesel fuels, can provide up to 35 percent reduction in diesel particulate emissions (PM) and up to 11 percent NOx reduction. Both particulates and NOx are a major focus of worldwide efforts to reduce diesel emissions, and the U.S. EPA has challenged the industry to clean up the...