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Bus fleets by 2015. Remember China just announced subsidies for electric and fuel cell vehicles.
John Sheridan, Ballard President and CEO said, “We are very pleased to take this step forward in our partnership with Azure, with these agreements representing significant value in the short term and much greater potential in the medium term, in what could become the leading market in the world for zero emission fuel cell buses. As well, this is a key step for Ballard to establish an important licensing revenue stream, expanding the Company’s business model for value creation.”
Ronald Lee, CEO of Azure Hydrogen added, “We see significant market opportunity for the deployment of clean energy fuel cell bus fleets in China, where they will have a direct positive impact on the severe air quality problem in our major cities.”
Azure plans to secure funding from Chinese sources, including both private investors and Governments, to enable the development of fuel cell bus fleets in China for initial public transit service by 2015.
This think order character sets, China makes serious
Big News
Ballard Announces Definitive Agreements With Azure Hydrogen For China Fuel Cell Bus Program: (i) License for Bus Module Assembly as well as (ii) Supply of Fuel Cell Stacks
CNW GroupPress Release: Ballard Power Systems Inc. – 1 hour 5 minutes ago
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SHANGHAI, China , Sept. 26, 2013 /CNW/ - Further to the MOU announced on May 28 , Ballard Power Systems (BLDP)(BLD.TO) today announced the signing of multi-year definitive agreements to support Azure Hydrogen's (Azure's) zero emission fuel cell bus program for the China market. Azure plans to partner with Chinese bus manufacturers in a phased development program for deployment of zero emission fuel cell buses in China , utilizing Ballard's world leading fuel cell technology.
For the first phase of the program, Ballard has agreed to provide a license, associated equipment and Engineering Services to enable assembly of FCvelocity®-HD7 bus power modules by Azure in China . As per the agreements, once this assembly capability is established, Azure will assemble modules with fuel cell stacks to be supplied exclusively by Ballard.
The expected value of the contract to Ballard over the initial 12-months of the first phase will be approximately $11 million , related to the license for module assembly together with associated equipment and services. If Azure's China bus program progresses as planned, the contract will generate value beyond the $11 million license revenue, commensurate with the volume of fuel cell stacks to be ordered.
The signing of the agreements took place at the World Hydrogen Technologies Convention in Shanghai (WHTC2013). Several senior Chinese officials participated in the signing ceremony, including Mr. Shi Dinghuan , Counselor to the State Council and former Secretary General of China's Ministry of Science and Technology, Mr. Ma Jinhua, Secretary of Party Committee of Rugao Economic Development Zone, and Professor Zhang Xinyi, President of Shandong Institute of Technology. The definitive agreements require approval of the Chinese Government.
John Sheridan , Ballard President and CEO said, "We are very pleased to take this step forward in our partnership with Azure, with these agreements representing significant value in the short term and much greater potential in the medium term, in what could become the leading market in the world for zero emission fuel cell buses. As well, this is a key step for Ballard to establish an important licensing revenue stream, expanding the Company's business model for value creation."
Ronald Lee , CEO of Azure Hydrogen added, "We see significant market opportunity for the deployment of clean energy fuel cell bus fleets in China , where they will have a direct positive impact on the severe air quality problem in our major cities."
Azure plans to secure funding from Chinese sources, including both private investors and Governments, to enable the development of fuel cell bus fleets in China for initial public transit service by 2015.
FCvelocity®-HD7 will be the next-generation of Ballard's fuel cell power module, designed specifically for integration into bus applications. The product reflects improved durability and reliability as well as a significant reduction in cost. This key product development initiative has been supported by Sustainable Development Technology Canada (SDTC), an arm of the Government of Canada which helps commercialize Canadian clean technologies, readying them for growth and export markets.
About Ballard Power Systems
Ballard Power Systems (BLDP)(BLD.TO) provides clean energy fuel cell products enabling optimized power systems for a range of applications. Products deliver incomparable performance, durability and versatility. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning business development opportunities in China , next-generation product attributes and corresponding value propositions for our customers. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward looking statements, other than as required under applicable legislation.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. The Ballard Common Shares have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Guy McAree +1.604.412.7919, media@ballard.com or investors@ballard.com
SOURCE Ballard Power Systems Inc.
Contact:
Guy McAree +1.604.412.7919, media@ballard.com or investors@ballard.com
Future looks brighter for fuel cells Add to ...insert-text-here
that's what I call momentum
Thomson Reuters Upgraded UQM to Buy
Research and Markets: Energy Efficient Low Horsepower AC Motors Market (2013 - 2018): Product, Current, Application & Geography
* Reuters is not responsible for the content in this press release.
Tue Sep 24, 2013 9:22am EDT
Research and Markets: Energy Efficient Low Horsepower AC Motors Market (2013 - 2018): Product, Current, Application & Geography
Research and Markets (http://www.researchandmarkets.com/research/mct8tn/energy_efficient) has announced the addition of the "Energy Efficient Low Horsepower AC Motors Market (2013 - 2018): Product, Current, Application & Geography" report to their offering.
'Energy Efficient Low Horsepower AC Motors Market (2013 - 2018): Product (Synchronous, Asynchronous), Current (Single phase, Three-phase), Application (Consumer, Industrial, Refrigeration, Medical), Geography (North America, Europe, APAC, ROW)'
This report on the global market for energy efficient, low horsepower AC motors presents an in-depth analysis of the applications, products and geographic regions of the market for the period 2013 - 2018. The market has been divided into two segments: fractional horsepower AC motors and energy efficient 1hp-3hp AC motors. All applications and geographies with future potential have been identified and articulated in the report. The total global market is expected to reach $44.32 billion by 2018 at a double digit CAGR from 2013 till 2018. The market value in 2012 was approximately $23.07 billion.
The research focuses on the in-depth segmentation of all major market segments by product types, applications, and geographies.The application market has been segmented into five verticals; namely consumer, industrial, refrigeration, medical and others. These areas are further briefly examined. For instance, the industrial application is segmented into small capacity pumps, surveillance cameras, small capacity pumps, direct-drive turntables, compressors, small centrifuge /separator spindle motors, robots, portable power tools, packaging, material handling, and others. The major headers under the application section have been mapped against the major geographies.
Market dynamics - the drivers, restraints, and opportunities of each of the markets - have been identified and explained in the report. The market estimation and forecasts have been given using market dynamics. The report has identified the major companies active in the current market and, also, those who have the potential to emerge as prominent players. In addition to company profiles, the report provides a competitive landscape (CL) of the key players for each of the markets. The CL covers market share analysis, mergers and acquisitions, collaborations, partnerships, new product developments, and the key growth strategies of each player.
The report also provides a detailed synopsis of Porters five force analysis for energy efficient low horsepower AC motors market. All five major factors in the markets have been quantified using the internal key parameters, governing each of them. The market by geography is segmented by North America, Europe, Asia Pacific, and Rest of World (ROW). The chapter gives a detailed insight with regards to the regional profit pockets and potential emerging markets.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Overview
4 Market By Type
5 Market By Applications
6 Market By Geography
7 Competitive Landscape
8 Company Profiles (Overview, Products And Services, Financials, Strategy And Developments)*
List of Tables (64 Tables)
List of Figures (41 Figures)
Companies Mentioned
- ABB Ltd
- Bosch Rexroth Ag
- Crompton Greaves
- Emerson Electric CO
- General Electric
- Honeywell International Inc
- Johnson Electric
- Kirloskar Electric Company
- Leeson Electric Corporation
- Magnetek, Inc
- Marathon Electric
- Mitsubishi Electric Corporation
- Nidec Motor Corporation
- Power Efficiency Corporation
- Regal Beloit Corporation
- Schneider Electric SA
- Siemens AG
- Toshiba Corporation
- UQM Technologies, Inc
- WEG SA
- Wellington Drive Technologies Ltd
For more information visit http://www.researchandmarkets.com/research/mct8tn/energy_efficient
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Manufacturing and Industry
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FuelCell Energy Eyes the Grid Support Market
The fuel cell producer builds a partnership with NRG while moving toward profitability.
CHRIS NELDER: SEPTEMBER 23, 2013
After decades of struggle, the American fuel cell business may finally have its day in the sun -- and then provide critical grid support when the sun goes down.
Greentech Media’s Eric Wesoff has long maintained a tongue-in-cheek list of the top publicly traded profitable fuel cell firms. As of the last such update in April of this year, the list was still blank.
But FuelCell Energy, the biggest of the publicly traded U.S. fuel cell manufacturers, now appears poised to make that list after running losses since its IPO in 1992. According to Bloomberg, the company posted record sales, driving down its net loss on the fiscal third quarter of this year to just $5.6 million on revenues of $53.7 million, down from $9.9 million a year earlier, and its order backlog has ballooned to $380.8 million. The company is now within reach of being in the black.
I spoke with company CEO Chip Bottone and Vice President of Investor Relations Kurt Goddard at the end of July, and they were optimistic that profitability was finally within reach. “Fuel cells have overpromised and undelivered for decades,” Bottone said. “We’re now interested in making money the old-fashioned way: reduce capital costs, make margin, and be competitive with traditional power generation. We’re really trying to build credibility for the industry.”
The company now says its levelized cost of energy (LCOE) is $0.14 to $0.15 per kilowatt-hour, without subsidies, depending on the price of gas. Industrial consumers in the U.S. typically buy gas for around $4.50 per million BTU, the company says, with gas prices on the East Coast closer to $5.50. Wesoff quoted Bottone in April 2012 as saying that, “At $5 gas, we're at $0.135" per kilowatt-hour, and that every $2 drop in the price of natural gas translates to a penny lower in the price per kilowatt-hour. By those metrics, FuelCell Energy is already grid-competitive without subsides in Hawaii and Alaska in the industrial market, and in at least seven states in the commercial market.
With subsidies, such as the federal investment tax credit and the California state incentive, Bottone says their fuel cell system can produce power for $0.09 to $0.11 per kilowatt-hour, making it competitive with grid power in that state as well.
Bottone isn’t counting on subsidies to be competitive, however. “We don’t need more money from government,” he told me. “We just need to spend it better.”
At those prices, some might look at fuel cells as a potential competitor to other low-carbon technologies like wind and solar, but Bottone doesn’t see it that way. “We compete against people doing nothing, not against wind and solar,” he explained. “There’s no single solution to this stuff. Wind and solar and gas will always be there.”
“We compete with utility programs, and our IRR [internal rate of return] is the metric,” he continued. “On an unlevered basis, we need to make an IRR of 10 percent to 13 percent. With a little leverage, our payback is under three years. People can say yes to that. Adding CO2 offsets can get the payback down to a year.”
Large-scale market
FuelCell Energy is very different from its better-known competitor, Bloom Energy.
FuelCell Energy’s main product line uses a molten carbonate technology, which scales up well. Bloom Energy uses solid-oxide technology, which doesn’t scale well, but whose greater power density makes it attractive for applications where a small physical footprint is important.
FuelCell Energy is focused on large systems (over 1 megawatt in size), where the economics can be more attractive. It sells units with a long-term service contract for about $3,000 per kilowatt of capacity, excluding installation, as compared with Bloom Energy’s reported $8,000 per kilowatt, excluding installation and subsidies.
The larger plants make them better suited to running on fuels like waste gas and biogas, because of the cost of the equipment needed to clean up the gas. Sulfur, siloxanes (which result from things like cosmetics), and water must be removed from the gas. Sulfur is the hardest contaminant to remove, because the gas must have no more than 30 parts per billion of it before it is used in the fuel cell. “You’ve got to have enough gas to pay for the gas cleanup unit,” Bottone explained, a cost which typically runs around three cents per kilowatt-hour. “There isn’t a clean solution below 1 megawatt that will pencil out. It’s marginal at 300 kilowatts -- you need to have a lot of intangible benefits.” Generally, Bottone claims that his units are more tolerant of contaminants than are competing fuel cell technologies.
FuelCell Energy has a larger customer base, with around 80 units operating in more than 50 separate locations in nine countries. Bottone expects to have a total portfolio of 150 megawatts to 200 megawatts in operation by the end of the year. The company also has a much longer track record, with 1.8 billion kilowatt-hours of operating time in the field, according to Bottone.
Grid support strategy
Utilities are wringing their hands over the prospect of customers unplugging from grid power and generating their own, as we have documented at length here at Greentech Media. This week, the Wall Street Journal noted that the number of electricity-generation units at commercial and industrial sites has more than quadrupled since 2006. From big-box stores like Wal-Mart and Kroger, to corporate campuses like Google and Apple, to engineering and manufacturing companies like BMW and SAIC, to data center operators and telecom firms like Verizon, more companies are finding cost and reliability benefits in generating their own power from solar, wind, biogas and fuel cells.
As self-generation increases, it’s becoming more difficult for utilities to turn a profit on their large, centralized generation facilities. This year has brought a steady drumbeat of reports of nuclear and coal-fired power plants being shuttered. Utilities are increasingly being challenged to join the distributed energy revolution -- or suffer the decline of their businesses.
One major utility took the bit between its teeth two weeks ago. NRG Energy announced a co-marketing agreement with FuelCell Energy in which it will market the fuel cell power plants to its customer base, as well as offering financing and power purchase agreements to interested buyers. For those who want the technology but don’t want to own the plant, NRG Energy will buy the plant, then sell the power to the customer under a power-purchase agreement. FuelCell Energy will install, operate and maintain all the plants, making it easy for customers to adopt the technology.
While such a partnership is still relatively new, it makes perfect sense. Distributed generation from fuel cells offers benefits to both the customer and the utility:
Fuel cell systems are always on, so they function as 24/7 baseload power, making them a suitable replacement for retiring coal and nuclear baseload power stations.
They generate clean and reliable power, so they support utilities in meeting some of their biggest operational challenges: maintaining voltage and frequency within tight parameters. These attributes are extremely important to sensitive facilities like hospitals and manufacturing operations.
Fuel cells generate less emissions than conventional natural-gas fired power generators. Their emissions are not zero (contrary to what you may have read elsewhere), but they’re very low. “We release less CO2 than any other power generation option in our size class per megawatt-hour, due to the high electrical efficiency,” Goddard told me.
They’re very quiet, offering a far more desirable alternative to noisy diesel- or gas-fired generators, especially in urban environments.
They generate power where it is used, reducing the long-term cost of maintaining the transmission and distribution grids.
Due to their size and high operating temperatures, the FuelCell Energy systems can generate hot water as well as electricity, giving them very high overall efficiency (up to 90 percent). When only used to generate power, instead of using the waste heat to make hot water, the efficiency is still high relative to conventional power generation, at around 47 percent.
"Baseload combined heat and power (CHP) fuel cells have virtually zero emissions, making them well suited to provide reliable electricity, hot water, steam or absorption chilling to universities, hospitals, and other large power users," remarked NRG Solutions President Thomas Gros in a press release.
Bottone believes that creating such partnerships with utilities is a far more desirable way to go than competing with them directly, noting that the German utility giant E.ON set up a separate, unregulated company to provide decentralized solutions as they were forced to shut down some large centralized plants that had become unprofitable.
“If you opt out of the grid, you save 5 euro-cents per kilowatt-hour,” he said. “So E.ON is following the customers opting out of the grid. In the U.S., the investor-owned utilities are only motivated by return on capital, so for them, bigger is better. We're having discussions with the highest levels at utilities, on the demand side, and saying: 'Look, instead of me peeling off your customers at substation X, we’ll put the fuel cells in at those substations. How can we work together?'"
The partnership strategy may be particularly attractive at the periphery of the distribution grids, where maintaining required voltage and frequency levels is expensive for utilities. “We’ve got very sophisticated equipment on our plants,” Bottone explained. “We’ve put them in and utilities picked up better quality power, or discovered that customers had issues they weren’t aware of, like low voltage.”
But the utilities and fuel cell manufacturers need to work together. “Multi-megawatt installations need to make sense in supplying baseload power where it’s really needed,” Bottone said. “Centralized power generation of many megawatts is the challenge. Distributed generation can help with the baseload issue in a much more cost-effective way.”
***
Chris Nelder is an energy analyst and consultant who has written about energy and investing for more than a decade. He is the author of two books (Profit From the Peak and Investing in Renewable Energy) and hundreds of articles, and has been published by Scientific American, Slate, the Harvard Business Review blog, Financial Times Alphaville, Quartz, the Economist Intelligence Unit, and many other publications.
POSCO Energy will design, purchase and install fuel cells while providing long-term maintenance service
Seoul City Government Starts to Build 120MW Fuel Cell-based Power Generation Project
worldenergy | SEP.23.2013 | The News > Korea | read: 24
In the first phase, it will build 20MW Noeul Fuel Cell Power Plant in the World Cup Park.
The Seoul City authority signed an MOU with KHNP, KDHC, POSCO Energy and SCG for the project.
? After signing it, officials and executives show the MOU. They are, from left, Managing Director Kim Jung-gon at POSCO Energy, Executive Director Jo Gyeong-seok at KHNP, Director General Im Ok-gi of Climate and Environment Office at Seoul City government, Executive Director Lee Jun-tae for Business Division at KDHC, and Executive Director Pak Tae-gon for Sales Division at SCG.
? After signing it, officials and executives show the MOU. They are, from left, Managing Director Kim Jung-gon at POSCO Energy, Executive Director Jo Gyeong-seok at KHNP, Director General Im Ok-gi of Climate and Environment Office at Seoul City government, Executive Director Lee Jun-tae for Business Division at KDHC, and Executive Director Pak Tae-gon for Sales Division at SCG.
Fuel cell-based power facility that can generate electric power and heat simultaneously will be built in the World Cup Park in Seoul. As it provides advantages of low noise and high spatial efficiency, the fuel cell is evaluated as a renewable energy, which is suitable for downtown area.
The Seoul City government concluded on September 12 an MOU with Korea Hydro & Nuclear Power (KHNP), Korea District Heating Corporation (KDHC), Seoul City Gas (SCG) and POSCO Energy for building the Noeul Fuel Cell Power Plant with capacity of 20MW.
This is the first phase project of the 120MW fuel cell-based power generation facilities to be built based on the MOU concluded between the Seoul City authority and KHNP in September 2012 for investing and developing renewable energy facilities. Private companies will invest in building the fuel cell-based power plant, and the City government will provide land for the facility and administrative support.
KHNP, KDHC, SCG and POSCO Energy will jointly establish a special purpose company (SPC) to build and operate the power plant, and KHNP will manage the overall business and purchase renewable energy certificates (RECs).
Also, KHNP will supply heat generated by the fuel cell-based power plant for district heating, and SCG will supply city gas. POSCO Energy will design, purchase and install fuel cells while providing long-term maintenance service (?????).
The Noeul Fuel Cell Power Plant will be constructed between December 2013 and November 2014 to generate electric power that can be used by 43,000 households a year. And the plant will sell electric power through Korea Power Exchange. In addition, the plant will also provide heating service to some 9,000 households using heat generated in process of chemical reaction, while reducing emission of about 21,000 tons of carbon dioxide a year.
Empathizing that development and dissemination of renewable energies are important tasks for solving energy issues, the Seoul City government and partner companies agreed to join forces for raising power independence rate and expanding distributed energy supply facilities in the future, in addition to the Noeul Fuel Cell Power Plant project.
Particularly, the Seoul City authority intends to make use of idle space in the World Cup Park, which was built in the one-time waste landfill site, and enhance citizens’ understanding of eco-friendly energies by operating a field-trip program, linking the fuel cell-based power facilities with neighboring resource recovery facility and hydrogen station.
Director General Im Ok-gi of Climate and Environment Office at Seoul City government said, “This fuel cell-based power facility will not only improve power independence of Seoul but it will also position as an example of eco-friendly and distributed power supply facility in downtown area. The City authority will steadily increase fuel cell-based power generation facilities.”
Carbon capture = Fcel devices. One for each drill plant.
Just to start. :)
Obama Takes On Coal With First-Ever Carbon Limits
By DINA CAPPIELLO 09/19/13 11:26 PM ET EDT AP
insert-text-here
thank for post
Volume
Big for 30 min. News?
California puts legislative muscle, $2b behind hydrogen fueling stations
Last week, California regulators approved a bill that will fund more fleet purchases of zero-emissions vehicles while setting up a network of hydrogen refueling stations throughout the most populous US state.
Assembly Bill 8, which is expected to be signed by Governor Jerry Brown, will provide more than $2 billion of funds for clean-vehicle incentives. The bill will also set aside about $20 million a year specifically for hydrogen station deployment through the end of 2023, with a goal of at least 100 publicly accessible stations installed during the next few years, according to Green Car Reports. Last year, the California Fuel Cell Partnership said 68 stations is the magic number needed to supply fuel to the early fuel cell vehicle market.
Meanwhile, the Modesto Bee says that the state will also approve Senate Bill 359, in which $20 million worth of rebates will be provided for buyers of plug-in vehicles in California. The state may enact a $3 fee on state vehicle registrations to help provide these funds.
Of the 10 publicly accessible hydrogen refueling stations in the US, all but one are in California (the other is in Columbia, SC), according to the US Department of Energy. This is a far cry from the "Hydrogen Superhighway" once envisioned for hydrogen fuel cell electric vehicles by former Gov. Arnold Schwarzenegger. Part of the reason is that each hydrogen refueling station costing about $1 million to build, much more than what a publicly accessible plug-in vehicle charging station costs to install.
Clean-vehicle advocate and non-profit Calstart put out a press release outlining parts of Assembly Bill 8. Check it out below. Less
Newswise clean-burning fuel of the future
Nanocrystal Catalyst Transforms Impure Hydrogen into Electricity
Released: 9/18/2013 9:30 AM EDT
Source Newsroom: Brookhaven National Laboratory
more news from this source
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Ballard Power Systems Inc Announces Ownership Interest Of UBS AG
Tuesday, 3 Sep 2013 05:00am EDT
Ballard Power Systems Inc announced that UBS AG and related bodies corporate holds 42,536,226 person's votes which represent 5.50% of the voting power of the Company.
t 600MW fuel cell power plants[color=red][/color]
POSCO Energy
Pushing Ahead with Fuel Cell Project Using Boil-off Gas
17 SEPTEMBER 2013
POSCO Energy announced on September 16 that it will move forward with the world's first fuel cell project by using boil-off gas (BOG) that comes from LNG production facilities.
The energy affiliate of POSCO signed a contract for a 300-kW fuel cell power plant with Korea Gas Corporation (KOGAS). The company will provide a 300 kW molten carbonate fuel cell (MCFC) to KOGAS’ Samcheok LNG terminal.
The fuel cells will be fueled by BOG. BOG occurs in any place where contact with heat is made, such as LNG storage tanks in the Samcheok terminal and LNG carriers.
A spokesman for POSCO Energy said, “After this project, fuel cell power projects using BOG, generated from other LNG production plants including terminals in Pyeongtaek, Incheon, Tongyeong, and Samcheok, are expected to be increased,” adding, “If fuel cells of POSCO Energy are directly fueled by BOG, KOGAS can reduce the costs of running LNG reliquefaction facilities.”
KOGAS will be able to secure steady sales, since fuel cells consistently utilize BOG throughout the year.
Kim Joong-gon, managing director of POSCO Energy, commented, “Korea is estimated to have BOG to such an extent that 600MW fuel cell power plants can be operated. Thus, our company is planning to actively participate in other BOG projects from local and overseas gas companies, after successfully completing this project.”
- See more at: http://www.businesskorea.co.kr/article/1486/posco-energy-pushing-ahead-fuel-cell-project-using-boil-gas#sthash.hYgbrucG.dpuf
Up 6 cents in pre-market... news?
last 5 min high volume without movement, what is going on here?
Short interest at 8/30 up to 17.1 million shares, 14.8 days to cover
Boston, MA, 09/10/2013 (nysepost) – The integrated fuel cell company of the FuelCell Energy Inc (NASDAQ:FCEL) has amazed the market by announcing its profit margin on 4th of September, last Wednesday. The company was making a negative quarter but for the last three quarters the situation has not only been changed from loss to sustainable but it is showing gross margin profit turnover. In the last three running quarters it has been seen that the reported revenue for FuelCell Energy Inc is that of $54 million. The revenue turned from the negative to 5.5% positive to 8.4% positive. Apart from that it was reported that the gross profit was that of $6.8 million. That was off course a positive swing for the organization. In other words the loss which the company was facing rise up to break even and then to a good positive profit.
The Financial boom
Before the news released of their financial earnings the FuelCell Energy Inc had undergone a silent dealing. The deal was announced and made with the NRG Energy. The deal was mainly made to provide a platform of financial security to that of the potential or prospective customers of the organization. This news can prove to be a really important and profitable aspect for the company in the long run. The problem however lies somewhere else. The FCEL is already running on a big backlog and unless that is cleared then there is a chance the already large backlog will emerge to be much bigger.
The future Perspective
As a measurative step in the future the organization expects to have expansion in the margins. This is because they exert the combination of the production volume along with that of the favorable sales mix. This implies the fact that the management of the organization is looking at a profit margin which will be continued. Less
Gov't targets zero bus emissions
Gov't targets zero bus emissions
September 09, 2013
The use of zero-emission buses on Hong Kong roads is the Government’s long-term goal to ease roadside air pollution and improve overall air quality.
That was the message from Secretary for the Environment KS Wong today, admitting the target is ambitious and needs to be achieved in phases.
“We launched our Clean Air Plan in March to set the target and also the timeline to meet the objective,” he said, adding the goal is to meet the new air quality objective by 2020 and concrete plans are in place for the Government to follow.
The Government has subsidised a pilot scheme on the use of zero-emission franchised buses to get solid data and public feedback before considering how to expand the plan.
Mr Wong said the Council for Sustainable Development will launch a public engagement on the quantity-based waste-charging scheme by the end of this month at the earliest.
It is an important step and the Government looks forward to receiving feedback on the scheme, he said.
FuelCell Energy Continues Its March Toward Profitability
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When big boys are done with buy it runs
his clothes market continue to be they lose today
ight shorts on today! they will lose the fight tonight?
wake up today pre. 1,40
new contracts just before the door
So how it sounds on new contracts are just around the corner
shorts can wait long on my
the shorts will air tonight left
the movements today,see the shorts are afraid that very well
hot today for shorts ! 16,5 mio hard play
Further, MORGAN STANLEY bought shares in June. New rating?
insert-text-here
Three more days to cover shorts.