Interesting fuel cell news
DANBURY, Conn.--(BUSINESS WIRE)--FuelCell Energy, Inc. (NasdaqNM:FCEL - News), a leading manufacturer of efficient electric power generation plants for commercial and industrial customers, today announced that Sierra Nevada Brewing Co. will purchase the four 250 kilowatt Direct FuelCell® (DFC®) power plants that have been providing base load electricity and heat to the brewery's production processes during initial operations through a power purchase agreement (PPA).Sierra Nevada on Dec. 15 will assume ownership of the DFC power plants, which provide a significant percentage of the brewery's daily electric requirements. By purchasing the units, the company will have greater control over its energy costs while honoring its commitment to environmental sustainability by operating a green facility. In addition, earlier this fall, FuelCell Energy announced that it had completed an upgrade of these power plants -- making it possible for Sierra Nevada to use fuel created from the waste by-product of its brewing process thus reducing the company's fuel costs by 25-40 percent.

"After witnessing the environmental and economic benefits of the DFC plants first hand, I am convinced that this technology is a great fit to help us meet our energy independence and sustainability goals," said Ken Grossman, Sierra Nevada's founder. "FuelCell Energy's plants and service teams are meeting all my expectations and purchasing the power plants outright is the next logical step to secure our energy reliability and reduce costs."

The U.S. Energy Policy Act of 2005 establishes a financial incentive for Sierra Nevada's acquisition by providing a 30 percent Investment Tax Credit (ITC) -- up to $1000 for each kilowatt -- for the purchase of fuel cell power plants. FuelCell Energy estimates this tax credit will translate to a savings of approximately 1.5-2.0 cents per kilowatt-hour (kWh) for Sierra Nevada.

"The financial benefits from the ITC and accelerated depreciation are added benefits that should continue to increase our DFC sales going forward," said R. Daniel Brdar, President and CEO of FuelCell Energy. "Leading edge companies that want ultra-clean, efficient power, can substantially reduce their capital costs with these programs."

DFC power plants address significant energy issues in California -- high energy costs, strict air quality standards and greenhouse gas emissions. The high efficiency of DFC power plants not only results in less fuel needed per kilowatt hour of electricity and lower operating costs, but reduced amounts of carbon dioxide as well. In addition, DFC power plants provide greater energy reliability and energy security because they are located directly at customer sites, like Sierra Nevada.

A 2005 study by Energy Insights Inc. determined California represents a nearly 1,000 MW opportunity for locations addressable by on-site, ultra-clean power delivered by FuelCell Energy's DFC power plants. The state continues to be a strong supporter of fuel cell technology by providing financial and regulatory support. In addition, because DFC power plants meet the California Air Resources Board (CARB) stringent emissions requirements for 2007 standards, their permitting process is streamlined and they qualify for preferential rate treatment by the California Public Utilities Commission (CPUC).

Press Release Source: WallStreet Direct, Inc.


NanoLogix, Inc. Energy Specialist Featured in Exclusive Interview With WallSt.net
Wednesday November 29, 11:58 am ET


NEW YORK, Nov. 29 /PRNewswire-FirstCall/ -- On November 22, Bret Barnhizer, Energy Specialist for NanoLogix, Inc. (OTC Bulletin Board: NNLX - News) updated the investment community in an exclusive interview with www.wallst.net . Topics covered in the interview include an overview of the Company and the markets it serves, recent press releases, current capitalization, upcoming strategic and financial milestones.
To hear the interview in its entirety, visit www.wallst.net , and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the respective company's ticker symbol in the Search Archive window.

About NanoLogix, Inc.:

NanoLogix is an industry innovator in the research, development and commercialization of nano-biotechnologies, applications and processes. The Company owns or has the rights to 32 patented technologies. The Company is currently focused on the production of hydrogen from agricultural feedstock, industrial wastewater and municipal waste streams to create new sources of energy. NanoLogix is presently operating a hydrogen bioreactor at Welch's Food and has recently signed an agreement with the City of Erie Wastewater Treatment Plant for a prototype bioreactor installation. Additionally, NanoLogix develops and markets diagnostic test kits for use in early detection of infectious human diseases such as cancer, cystic fibrosis and AIDS, and owns a patent for the non-toxic induction of apoptosis ('cell suicide') for the treatment of cancer. For more information on the Company, visit http://www.nanologix.net .

About WallSt.net:

www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. www.wallst.net offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications. In addition to its website, WallStreet Direct organizes investor conferences, publishes a newspaper, and provides multimedia advertising solutions to small and mid-sized publicly traded companies. We have received two hundred eighty dollars from NanoLogix, Inc. for press release dissemination services, and are expecting to receive an additional two hundred eighty dollars from NanoLogix, Inc. for the dissemination of this press release. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp .

(Logo: http://www.newscom.com/cgi-bin/prnh/20050927/LATU121LOGO)

energyisking, what happened to Goulding? Is he still the corporate counsel?

This is a pink sheet standard that I was previously unaware of:
"current financial information must be available to market makers and stockholders"
Has anyone requested this of the company?

lukejames, the company said the timetable was for 2nd qtr of 07'. Don't raise your expectations too high. Then you won't be too dissappointed.

REYKJAVIK, Iceland -- Geysers rather than gushers could provide the fuel of the future, say experts such as GM's Larry Burns.

That's why this year General Motors took journalists to Iceland, where plumes of steam dot lava-covered hillsides.

Burns, GM's head of r&d, affirmed last spring that GM will validate a hydrogen vehicle design by 2010 to compete with internal combustion technology. Production of such cars may not begin for several years. But Burns predicts that soon 500,000 to 1 million hydrogen vehicles will be made annually worldwide.

"We think we're getting close enough that we want to share where the hydrogen comes from," he says.

Though once dependent on imported coal and oil for energy, Iceland has abundant geothermal energy and water, making the nation an ideal laboratory for sustainable energy technology.

Iceland sits on a vast thermal fault, the mid-Atlantic ridge. There, volcanic upwelling draws magma close to the earth's surface. That lets Icelanders tap deep heat to generate electricity from steam and hot-water heat for its cities.

Why it's important

Here is why the auto industry cares:

Charging water with electricity from steam generators separates hydrogen in water from oxygen. The captured hydrogen can then be used either as an internal combustion fuel or to power fuel cells.

In the fuel cells, hydrogen combining with oxygen across membranes in the fuel cell stack releases electricity to power motors.

Other electricity sources, such as nuclear and solar power, also could be used, but they either generate hazardous waste or require rare materials to create solar collection panels.

Converting fossil fuels to hydrogen using conventional electricity sources is easy. The downside is that it increases global-warming carbon dioxide pollution and reliance on scarce energy resources.

For its part, Iceland wants energy independence and plans to shift petroleum-using auto and shipping fleets to a hydrogen economy over the next 20 years.

"Our goal is to eliminate oil imports totally to Iceland within a few decades. If it is not achievable in Iceland, it is not achievable in any country," says Bjarni Bjarnason, an executive of one of the two competing public utility companies in Iceland.

Both Burns and researchers in Iceland caution that hydrogen is not cheap. The advantage of hydrogen is that it's not limited in availability or location. The environmental impact of producing it is low. Geothermal wells are expensive, costing as much as $2 million to drill and millions more to equip and maintain.

Creating hydrogen through electrolysis using geothermal energy is far better for the environment than burning fossil fuels.

Heat in the earth is produced naturally through radioactive decay. One-tenth of 1 percent of the heat stored in the earth's crust would satisfy global energy consumption for more than 13,500 years, Bjarnason says.

"Fossil fuel (availability) is negligible compared to geothermal energy," he says.

Logistics problems

Storage and transport of hydrogen is difficult. Hydrogen production needs to happen close to the user.

In Iceland, a hydrogen filling station near Reykjavik creates and stores the hydrogen on-site in pressurized tanks for use in fuel cell-powered buses. The United States is rich in unexploited geothermal resources, primarily in the West. Tapping that energy to create hydrogen fuel is one path to making enough hydrogen commercially available for emerging vehicle fleets, GM experts say.

The United States produces 95 percent of the world's hydrogen, and half of the world's 50 million tons of hydrogen is made by re-forming natural gas at large central plants.

The hydrogen is primarily for making fertilizers and refining petroleum. That same amount of hydrogen could power 200 million fuel cell vehicles annually, Burns says.

"Hydrogen is not a new thing; it is produced on a very large scale and it is distributed as part of this infrastructure," he says.

"The know-how is there. It's a case of implementing this know-how for vehicles."

Interesting, in an e-mail a month ago he said 4-6 months.

The answer depends on the operating expense (opex), capital expense (capex) and cost of money vs. the value of the final product. We don't know the opex or capex yet. The company is very optimistic that they have, or will have soon, a commercial (read profitable) product and process. I'm agreeing with them but it appears the market is not. Yet.

IR said 3-5/07 is the timetable.

Welcome back T4M, I though that you'd left us. eom

I can think of a few ways that this could be used. The first premise is that any outside funding for a comercially unproven process is going to be somewhere between very difficult and impossible. Certainly a Waste Management could self fund but a start up or a small company like a dairy farm could not. So a group associated with NNLX puts together a company that raises funds and then loans money to install the NNLX hydrogen biorectors. This expedites getting HBs built and running. NNLX would probably receive an upfront license fee, ongoing royalty fees on product, engineering and consulting fees and they would also sell the microbes.

Just one scenario and a WAG.

Randall Goulding is also the NNLX corporate counsel. eom

Good find. These are the guys running Nutmeg and the same guys used by NNLX to help with the listing.

They were very responsive. They couldn't find my name on their computer list so they added it immediately. I had several other questions that were answered. They responded quickly and professionally. I guess no one else has received an investor package because no one here has requested one, aside from parents the other day.

I assume that by the total lack of response to my question yesterday that no one here has received an investor information packet from the company. If they have any hope of getting and or retaining investors they had better respond to them. Or at least not look incompetent or totally uncaring by ignoring them. I'll call IR and ask again, personnally this time.

For a number of reasons this doesn't look like nss to me. The volume is generally too light and inconsistant. Also, often I will have a large buy order sitting at the bid or just below it and it doesn't get picked off or I only get a partial. I've had an offer at .11 for the last several days and even though it's traded there I haven't been filled.

Has anyone received an investor package from the company? I requested one a little over a month ago and have received nothing. I signed up for the e-mail news alerts and again, nothing. Most companies send out e-mail news at the same time the press release is issued.

WTF?.?.?
SHARON, Pa., Oct. 24 /PRNewswire-FirstCall/ -- NanoLogix, Inc. (OTC: NNLX - News), a nano-biotechnology company engaged in the research, development and commercialization of technologies for alternative sources of fuel, today announced that noted deep sea diver John Chatterton has been retained as a consultant. Chatterton is a U.S. Coast Guard licensed captain, and holds numerous commercial, scuba and rebreather diving certifications. Currently, Chatterton co-hosts the Deep Sea Detectives television series, which showcases his groundbreaking international diving work, in 57 episodes to-date, on the History Channel. Documentaries about Chatterton's diving expeditions and discoveries have also aired on HBO and the long-running TV series NOVA on PBS. Chatterton is also a consultant to the film and television industries.

Full link:
http://biz.yahoo.com/prnews/061024/cltu016.html?.v=60

That says that they hired an accountant to start the process. The accountant first has to do an audit of the year end and file it with the SEC. Which hasn't been done.

Mike,
I'm not doubting you but where did you get that information?

Mike, a couple of things. The number of shareholders is misleading. I hold my shares in street name through my broker TD Ameritrade, so I am not the shareholder of record, TD A is. I'd guess that half of the shareholders of record are brokers and the rest are insiders VCs, etc. As to the OTC thing. Wishful thinking, lol.

You will have to be very lucky or a lot smarter than I am to time the bottom. I like the company or at least what I can see of it so I'm averaging in. Picked up a little more today. I'll stop buying when it hits $0.00, lol.

There was a limit order for 25,000 shares at .18 and it was filled a .00159. Maybe someone put in a sell market order but it's hard to believe on the pinks that a mm would let it slip by with out grabbing it for themselves. Chalk it up as a fluke trade. BTW, it was a real trade not a reporting error.

I wonder how nnlx will compare costwise to existing tech like this. From a MF article on fcel:

But all the same, there are valid reasons to be excited about FuelCell's possibilities. Consider the story of a California-based company called Gills Onions, as discussed in the Q&A portion of the call. The fresh-produce producer recently purchased a DFC power plant; where it once had to pay to dispose of onion peel waste, Gills can now use an aerobic digester to convert that waste into biogas, which in turn becomes fuel for the DFC.

Gills Onions not only reduces costs associated with waste disposal, but it also employs a clean and efficient power source. And as progressive companies like Gills Onions save, so do we all ... moving Earth's bottom line one step further away from bankruptcy.

EiK, I hope that you are correct. Where did you get that information?

This board is a great place to educate ourselves and others as to the pros and cons of NNLX. Potential investors come looking fro insight. Let's take the off topic discussions to the appropriate board or at least label them OT (off topic) so to not interfere with the purpose of this site. Thanks.

They have not filed a 10-SB with the SEC. This would be done before application to the NASD-BB.