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Army Corps of Engineers' research and development organization eyes industrial and transportation potential of hydrogen separation tech with latest investment.
http://www.cleantech.com/news/5114/fuelcell-energy-military-contract
DALLAS, Oct. 29, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring FuelCell Energy Inc. (Nasdaq:FCEL - News). The report includes financial, comparative and investment
http://finance.yahoo.com/news/Trading-Outlook-for-FuelCell-pz-864783964.html?x=0&.v=1
FuelCell Energy, Inc. recently announced the sale of its DFC1500MA power plant to operate on anaerobic digester gas from a sewage treatment facility.
http://www.ceramicindustry.com/Articles/Industry_News/BNP_GUID_9-5-2006_A_10000000000000076601
At this time for opening remarks and introductions I’d like to turn the call over to Lisa Lettieri, Vice President of Investor Relations. Please go ahead ma’am. Lisa Lettieri Thank you, Matt. Good morning everyone and welcome to FuelCell Energy’s third quarter results conference call.
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Nov 06, 2009 (Wall Street Horizon via COMTEX) --
FuelCell Energy Inc. (FCEL)
Expected next earnings release: Announcement date: 12/10/2009 - After Market Earnings Quarter: Q4 Announcement Status: Unconfirmed
Expected next investor conference call information: Conference Call Date: 9/9/2009 Conference Call Time (ET): 10:00 AM Conference Call URL: http://www.fuelcellenergy.com
Tags: conference corporate earnings energy market
Companies: FuelCell Energy, Inc. (FCEL)
Nov 05, 2009 (Wall Street Horizon via COMTEX) --
FuelCell Energy Inc. (FCEL)
Expected next earnings release: Announcement date: 12/10/2009 - After Market Earnings Quarter: Q4 Announcement Status: Unconfirmed
Expected next investor conference call information: Conference Call Date: 9/9/2009 Conference Call Time (ET): 10:00 AM Conference Call URL: http://www.fuelcellenergy.com
Tags: conference corporate earnings energy market
Companies: FuelCell Energy, Inc. (FCEL)
Oct 29, 2009 (FinancialWire via COMTEX) --
(Comment on this article at http://www.financialwire.net/2009/10/29/fuelcell-energy-posco-power-sign-agreement-to-localize-products-for-south-korean-market/)
October 29, 2009 (FinancialWire) -- FuelCell Energy, Inc. (NASDAQ: FCEL), a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government, and utility customers, announced the signing of a Licensing Agreement allowing POSCO Power to manufacture fuel cell stack modules from cell and module components provided by FuelCell Energy.
These fuel cell modules will be combined with balance-of-plant manufactured in South Korea to complete electricity-producing fuel cell power plants for sale in South Korea. The License Agreement includes an upfront license fee of $10 million which was paid at signing as well as an ongoing royalty, initially set at 4.1% of the revenues generated by sales of the fuel cell stack modules by POSCO Power. Additionally, POSCO Power closed on its previously announced purchase of $25 million in FuelCell Energy common stock at a purchase price of $3.59 per share, the price agreed to on June 9, 2009.
Direct FuelCell power plants generate electricity directly for South Korea's power grid. As part of a drive to establish fuel cells as its country's leading form of alternative energy, POSCO Power has ordered more than 68 megawatts of FuelCell Energy's DFC units to date and built a facility to manufacture balance-of-plant systems in South Korea.
Currently, approximately 23 MW of FuelCell Energy power plants are installed in South Korea, including six DFC3000 megawatt-class power plants. Sites include POSCO Power's headquarters and balance-of-plant manufacturing facility in Pohang; a paper company Natura; independent power producers HS Holdings and MPC; and electric utilities KOMIPO, KOSEP, and EWP, which are members of the KEPCO family of companies in South Korea.
South Korea has committed two percent of its gross national product to clean energy projects -- more than any other developed country. FuelCell Energy power plants operating on natural gas and biogases enable South Korean utilities to comply with the country's aggressive clean electricity targets because they emit near-zero pollutants and they are a low-carbon solution. DFC power plants also meet South Korea's need for green technologies that contribute to increased domestic employment. Currently, South Korea is pursuing the passage of an $85.8 billion renewable energy plan that includes a renewable portfolio standard mandating 11 percent clean energy by 2030 -- a total of 7,150 MW -- which includes fuel cells on natural gas and further increases the market potential for DFC power plants.
Under the agreement, POSCO Power will manufacture fuel cell modules from components and cells manufactured in the U.S. by FuelCell Energy, in a new facility it intends to construct adjacent to its current fuel cell balance-of-plant operation in Pohang. FuelCell Energy will provide training for POSCO Power personnel.
"Our strategy is to localize certain power plant manufacturing to reduce cost and ensure our products meet the specific needs of individual markets," said R. Daniel Brdar, chairman and CEO of FuelCell Energy. "As POSCO Power increases its plant output, the demand for our fuel cell components increases. Increased demand in South Korea will drive expansion of our manufacturing plant in Connecticut and additional jobs."
At 47 to 60 percent electrical efficiency, DFC power plants are more efficient than any combustion-based technologies in their size range. Improved efficiency translates into more electricity for less fuel, while significantly reducing CO2. The result is fuel cost savings while generating ultra-clean electricity that meets South Korea's low-carbon objectives.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
http://www.financialwire.net
Tags: alternative energy ceo commercial connecticut electric utility electrical electricity employment energy expansion family fuel cell government gross national product industrial manufacturer manufacturing market nasdaq natural gas plant power plant products renewable energy sales south korea technology training utilities web
Companies: FuelCell Energy, Inc. (FCEL), Pohang Iron & Steel Co., Ltd. (PKX)
Oct 29, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
FuelCell Energy, Inc. has signed a licensing agreement with POSCO Power Corp., a South Korean power generation company, allowing POSCO to manufacture fuel cell stack modules from cell and module components provided by FuelCell Energy.
FuelCell Energy is a US-based company engaged in the development and manufacturing of fuel cell power plants for electric power generation.
Under the agreement, POSCO Power will manufacture fuel cell modules from components and cells manufactured in the US by FuelCell Energy. The fuel cell modules will be combined with balance-of-plant manufactured in South Korea to complete electricity-producing fuel cell power plants for sale in South Korea.
The agreement includes an upfront license fee of $10 million, which was paid at signing, as well as an ongoing royalty, initially set at 4.1% of the revenues generated by sales of the fuel cell stack modules by POSCO Power.
Deal Type Partnership Sub-Category Licensing Agreement Deal Status Completed: 2009-10-29
Deal Participants
Partner 1 (Company) POSCO Power Corp Partner 2 (Company) FuelCell Energy, Inc. (formerly Energy Research Corp.)
Tags: electricity energy fuel cell manufacturer manufacturing partnership power plant research sales south korea
Companies: FuelCell Energy, Inc. (FCEL), Pohang Iron & Steel Co., Ltd. (PKX)
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By Fain Hughes, fhughes@knobias.com FuelCell Energy, Inc. (FCEL) announced the signing of a Licensing Agreement allowing POSCO Power to manufacture fuel cell stack modules from cell and module components provided by FuelCell Energy. These fuel cell modules will be combined with balance-of-plant
http://www.zibb.com/article/5624310/FCEL+Licensing+Agreement+w+POSCO+Power+for+South+Korean+Market
ECN's decision to terminate its activities in MCFC and sell its technology package was among others based on the decision of its closely involved industrial partners to focus on their core activities as a result of decreasing research and development (R&D) budgets.
FuelCell Energy, Inc. is a world leader in the development and manufacturing of high temperature hydrogen fuel cells for ultraclean electric power generation. The company’s patented Direct FuelCell® (DFC®
LAWRENCE, MA (USA) – Ward Hill Marketing, a technical marketing company based in Lawrence, Massachusetts (USA), has signed a marketing agreement with FuelCell Energy, Inc.
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http://www.portfolio.com/resources/company-profiles/FuelCell-Energy-Incorporated-2164
Description of the company: Based in Danbury, CT (USA), FuelCell Energy ( Nasdaq: FCEL ) develops and markets Ultra-Clean stationary fuel cell power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants - ...
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