Jan 31 2015
Hydrogen Fuel Cell technology recent advancements lead to new opportunities for Industry Leaders as the current market demand for fuel cell technology grows at a rapid pace. Fuel Cell/Energy Companies in focus to today are: Neah Power Systems, Inc., Plug Power Inc, Clean Energy Fuels Corp., Yingli Green Energy Holding Company Limited, FuelCell Energy Inc., Ballard Power Systems.
Neah Power Systems, Inc. (OTCQB: NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, today announced that the Formira Hydrogen on Demand technology was recently featured on the cover of Automotive Industries Vol 193 Issue 3, with an interview featuring Dr. Chris D'Couto, CEO of Neah Power, and Mr. David Schmidt, the Company's CFO. The article highlights the differentiated offering with the Formira HODTM to address safety, handling, infrastructure, and other challenges facing the hydrogen economy.
Founded in 1895, Automotive Industries is one of the world's oldest continually published trade publications. The interview can be found in the December 2014 issue of the magazine and also online at: http://www.ai-online.com/Adv/Previous/show_issue.php?id=6509&search=true#sthash.rvBhpGVQ.dpbs as well as on the Neah Power Systems website.
Read the full NPWZ Press Release at: http://www.financialnewsmedia.com/profiles/awsl.html
Separately, Neah CEO Chris D'Couto was interviewed by best-selling author and entrepreneur Kevin Daum for Inc.com to discuss his leadership style and work ethic at Neah. The interview is available at: http://www.inc.com/kevin-daum/this-ceo-keeps-it-lean-mean-and-highly-focused-here-are-his-secrets.html.
Thirdly, on January 27, 2015, Neah conducted their 6th Q&A session with AGORACOM in which shareholders were invited to submit questions that were addressed in the interview (WATCH INTERVIEW: http://goo.gl/KyNHZF). Neah provided a variety of business and technology updates.
In other Fuel Cell/Energy Advancements, News and Happenings: Fuel cell maker Plug Power Inc (NASDAQ: PLUG) tempered its sales forecast for 2015, saying it had decided to issue numbers "people could rely" on after receiving "a lot of criticism for under-delivering." The company's shares fell as much as 10 percent to $2.86 on Wednesday, after Chief Executive Andy Marsh said Plug Power now expected sales "in excess of $100 million." The company had earlier forecast full-year sales of $130 million. Analysts on average estimated sales of $123.7 million, according to Thomson Reuters I/B/E/S.
In late December of 2014, Mavrix, LLC ("Mavrix"), a wholly owned subsidiary of Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy"), entered into a Membership Interest Purchase Agreement (the "Agreement") with Cambrian Energy McCommas Bluff III LLC ("Cambrian"), pursuant to which Clean Energy, through Mavrix, sold its entire 51% interest in Dallas Clean Energy, LLC ("DCE") to Cambrian. DCE owns all of the equity interests in Dallas Clean Energy McCommas Bluff, LLC, which owns a renewable natural gas extraction and processing project at the McCommas Bluff landfill in Dallas, Texas (the "Project"). As consideration for the sale of DCE, Clean Energy, through Mavrix, received $40.6 million in cash on the Closing Date and may receive up to an additional $3.0 million in cash on or before August 14, 2015, subject to the results of certain performance tests to be performed at the Project on or before August 1, 2015 in accordance the terms of the Agreement. Prior to the Closing Date, Cambrian owned the remaining 49% interest in DCE. Clean Energy will continue to have the right to market and sell biomethane produced at the McCommas Bluff project under its Redeem renewable natural gas vehicle fuel brand.
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, also known as "Yingli Solar," a few weeks ago announced at the World Future Energy Summit that innovative CleanARC® anti-reflective (AR) glass coating is now available on all Yingli product lines. Developed by California-based Enki Technology and offered through Yingli, CleanARC® coating enables panels to generate more energy over time while simultaneously reducing cleaning requirements, creating additional project value in comparison to conventionally coated panels.
Ballard Power Systems (NASDAQ: BLDP) announced that its customer, Van Hool N.V . (Van Hool), has signed a grant agreement with the EU Hydrogen Fuel Cell Joint Undertaking for deployment of 21 fuel cell buses in Europe as part of the 3Emotion Program. Ballard and Van Hool, partners in the deployment of numerous fuel cell buses in Europe, are in the process of finalizing an equipment supply agreement (ESA) for the provision by Ballard of 21 next-generation fuel cell power modules. Ballard anticipates receipt of purchase orders under the ESA that will lead to delivery of these fuel cell modules to Van Hool in 2015 and 2016.
FuelCell Energy, Inc. (NASDAQ: FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, recently recognized the performance achievements of the 14.9 megawatt Dominion fuel cell park in Bridgeport, Connecticut, as the installation reached its one year anniversary of operation. The fuel cell park, owned by Dominion (D), consists of five Direct FuelCell(R) (DFC(R)) power plants, manufactured and installed by FuelCell Energy, that supply Class I renewable power to the electric grid under a 15 year energy purchase agreement. Additionally, the heat from the five power plants is recovered and converted into additional electricity, increasing the efficiency of the installation. FuelCell Energy operates and maintains the plants under a long term service agreement and continues to meet all contracted output requirements with availability of the fuel cell park in excess of 95 percent.