Millennium Cell Inc (fka MCELQ)

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WOW - More interesting FCEL News. I think I found my new love. Move over PLUG!

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http://www.fuelcelltoday.com/FuelCellToday/FCTFiles/FCTArticleFiles/Article_1130_Fuel%20Cell%20Large....

• FuelCell Energy increased its manufacturing capability by a third.

• One of the increasing trends that we noted last year was that of hybridisation. This is when a
modular fuel cell unit is developed in parallel with a gas turbine. Four high profile proponents
of this technological strategy are FuelCell Energy (MCFC), GE Energy (SOFC), Rolls Royce
(SOFC) and Siemens Westinghouse (SOFC).

• So what about 2007? This really is one sector where big is beautiful. Larger and larger plans
for fuel cell power plants, as well as smaller (!), <200kW, for distributed and back-up power
for single installations. Also an increasing number of orders will be announced, if true one
press release from FuelCell Energy states that they will be soon announcing 30-40 MW of new orders alone.

• Announcement that by the end of 2006 the DFC3000 will have a cost of US$3,200 –
Cost reduction and targets are one of the key foci of FuelCell Energy, and most other fuel cell
companies. FuelCell Energy has identified that to become profitable product costs need to be
in the region of US$2,000 – 4,000/kW (depending on local electricity and fuel prices). Current
design are approximately US$4,300/kW for a 1MW unit and US$4,600/kW for a sub-MW unit.

• Also recently FuelCell Energy, along with its partner PPL, has been selected for a 4 MW project
in Connecticut.

• FuelCell Energy awarded a number of grants for further R&D. Since the last survey these include –
~ a share of the US$2.1 million Department of Energy funded project to develop a high temperature PEM stack and unit;
~ a further US$2.5 million from the US Office of Naval Research to complete a land based demonstration of its ship service fuel cell;
~ a share of US$85 million from the Department of Energy as the lead contractor in the third project team to develop a coal based MW SOFC system.

• In terms of manufacturing capability FuelCell Energy has currently 50MW worth.