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Enhanced Energy Security Act of 2006

In a display of bipartisanship on a critical national issue, Senators Jeff Bingaman (D-NM), Evan Bayh (D-IN), Norm Coleman (R-MN), Joe Lieberman (D-CT) and Lincoln Chafee (R-RI) have joined in putting together legislation aimed at reducing America’s dependence on fossil fuels, especially oil. The Enhanced Energy Security Act of 2006, introduced on May 4, will greatly spur energy conservation, with a focus on reducing oil demand through greater fuel efficiency and finding ways to moderate natural gas demand by promoting renewable electricity production. Among the most important provisions of the bill will be an emphasis on an expanded plan for economy-wide oil savings that will cut oil use, from projected levels, by 2.5 million barrels of oil per day by 2016, 7 million barrels of oil per day by 2026, and 10 million barrels of oil per day by 2031. “Time is running out in this Congress to take action on energy,” Bingaman pointed out. “To be effective in responding to our current energy crisis, we must be focused, we must be realistic, and we must be bipartisan. The bill that we are introducing today accomplishes all three goals, and will help consumers by making them more efficient in their […]

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Medis Enters Agreement on Fuel Cell Mfr

Medis Technologies Ltd. (NASDAQ:MDTL)subsidiary, More Energy, Ltd has entered into a R&D agreement with Oy Hydrocell Ltd., a leading Finnish fuel cell developer. Hydrocell possesses highly advanced technology and “know how” to manufacture and use gel electrolyte in fuel cell products and is developing fuel cells with 20 Watt capacity and greater. First, both companies will jointly seek to develop a new gel electrolyte material which may be used as the electrolyte in future Medis’ fuel cell products. The electrolyte separates the anode and cathode electrodes and allows for hydroxide ion activity. Development of a successful gel electrolyte offers Medis the potential of reducing the size of its products while providing even greater energy density and improved efficiency. Such a gel electrolyte would simplify the assembly process of Medis’ products and thereby lower the cost of future generation products. Although Medis has separately been pursuing a gel electrolyte based design, including filing certain patents in this area, the combined capabilities of both companies is expected to accelerate the development. Under the Agreement, Medis will have the exclusive right to use the gel in alkaline fuel cell products which provide under 30 watts of power or use borohydride as a fuel […]

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HYGS Receives $3.3M Order for On-site Hydrogen Generation

Hydrogenics Corporation (TSX:HYG.TO; NasdaqNM:HYGS), a leading developer and manufacturer of hydrogen and fuel cell products, has been awarded a contract, valued at approximately $3.3 million, to supply a HySTAT(TM)-A Hydrogen Plant to a major North American oil and gas refinery for installation in 2007. The high purity hydrogen generated by the HySTAT-A Hydrogen Plant will be used by the refinery to reduce the sulfur content in diesel fuel in compliance with EPA regulations. Website: http://www.hydrogenics.com     

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SatCon Announces 3.2 MW in PV Inverte Orders

SatCon Technology Corporation (Nasdaq NM: SATC), a developer and manufacturer of power electronics and motors for the alternative energy markets, has received multiple purchase orders from four new customers for 13 commercial grade inverters equaling 2.3 megawatts (MW), including an order from one of the largest photovoltaic integrators in North America. In addition, a customer that has been operating a trial unit issued a follow-on purchase order for 3 commercial grade inverters totaling 0.9 MW. These photovoltaic inverters trade named PowerGate(TM) are scheduled for delivery prior to the end of the current fiscal year. Said Clemens van Zeyl, President, SatCon’s Power Systems Canada Division responsible for Alternative Energy products, “It is very encouraging to see our customer base in the sector continuing to grow and it is very rewarding to see that our emphasis on high-efficiency commercial grade inverters is being embraced by our customers.” David Eisenhaure, SatCon’s Chairman and Chief Executive Officer stated, “With our growing customer base, we are expecting our revenues from photovoltaic inverters to approach twenty percent of our total corporate revenues for the current fiscal year, up from approximately ten percent in the prior year.” SatCon Technology Corporation is a developer and manufacturer of electronics […]

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SatCon Announces 3.2 MW in PV Inverter Orders

SatCon Technology Corporation (Nasdaq NM: SATC), a developer and manufacturer of power electronics and motors for the alternative energy markets, has received multiple purchase orders from four new customers for 13 commercial grade inverters equaling 2.3 megawatts (MW), including an order from one of the largest photovoltaic integrators in North America. In addition, a customer that has been operating a trial unit issued a follow-on purchase order for 3 commercial grade inverters totaling 0.9 MW. These photovoltaic inverters trade named PowerGate(TM) are scheduled for delivery prior to the end of the current fiscal year. Said Clemens van Zeyl, President, SatCon’s Power Systems Canada Division responsible for Alternative Energy products, “It is very encouraging to see our customer base in the sector continuing to grow and it is very rewarding to see that our emphasis on high-efficiency commercial grade inverters is being embraced by our customers.” David Eisenhaure, SatCon’s Chairman and Chief Executive Officer stated, “With our growing customer base, we are expecting our revenues from photovoltaic inverters to approach twenty percent of our total corporate revenues for the current fiscal year, up from approximately ten percent in the prior year.” SatCon Technology Corporation is a developer and manufacturer of electronics […]

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