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Yellowstone Capital Closes $10 Million Energy Technology Fund

Yellowstone Capital Partners, LLC announced the final closing of its US$10 million fund, Yellowstone Energy Ventures, L.P., effective September 30, 2005. The fund is a private equity investment partnership focused on early stage companies in the energy technology and renewable energy sectors. Yellowstone Energy Ventures, L.P. is targeting investments in renewable energy and alternative energy technology opportunities. These include clean coal related technologies, wind power, energy storage devices, distributed power generation equipment, fuel cell technology, hydrogen production and solar power. Mr. Omar Sawaf, President of Yellowstone said, “In October 2004, when we started the fund, we concluded that the outlook for new energy sources and technologies was very promising. Strong global demand and economic growth in virtually every region combined with high capacity utilization and depleting supplies for fossil fuels, have combined to close the economic gap between fossil fuels and renewables. In addition, improving technologies and efficiencies of alternatives technologies, especially in wind energy, solar photovoltaic and fuel cells continue their positive trend. Anticipated increases in government intervention and incentives to reduce dependence on imported crude oil on the one hand and environmental consideration on the other increase the likelihood and shorten the time frame to make this segment […]

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Sharp Increases Solar Cell Production Capacity

In plans announced on Monday, Sharp Corporation said that the company will boost its solar cell production capacity of its Katsuragi plant in Nara Prefecture. Sharp Corp. announced it would increase its annual production capacity to 500 megawatts, which is 85 megawatts higher than previously planned. The new production line – at a cost of 4 billion Yen (US$34 million)- will begin running this month at the company’s Katsuragi plant in Japan. Sharp acknowledged that the current silicon shortage is impacting the industry, but that vibrant demand from Europe and Japan, as well as large megawatt-sized projects convinced it to expand. Sharp will focus on thin wafers and high efficiency cells.

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ARSC Closes Fuel Cell Acquisition

American Security Resources Corp. (OTCBB:ARSC) announced it has closed its acquisition of privately held EGO Design Inc. EGO Design has proprietary, silicon-based, hydrogen fuel cell technology. ARSC has created a wholly owned subsidiary, Hydra Fuel Cell Corporation (Hydra), to develop, manufacture and license the hydrogen fuel cell technology which it acquired in the acquisition of EGO Design. Hydra has targeted the fixed power market of 5kW to 40kW as the initial market for its fuel cells which will be the first commercially mass producible of their type. Hydra expects to have units deployed to potential customers before the end of the year. “A less than 20% penetration of the fixed power market will yield sales of over $100 million within two years,” said Joe Grace, President of ARSC, “and potentially over $1 billion in sales within 8 years. This is just the first market we are going to develop for this break-through technology.” American Security Resources Corporation is a holding company seeking to acquire companies which have products or services for homeland defense and national security. Website: http://www.americansecurityresources.com     

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Altair Nanotechnologies, Partners Receive US$2.5M from DOE

Altair Nanotechnologies, Inc. (NASDAQ: ALTI), in collaboration with the University of Nevada Las Vegas Research Foundation (UNLVRF), announced the consortium has received a $2.5 million Phase III grant award from the U.S. Department of Energy (DOE) for the joint development of solar hydrogen generation cells. Under the terms of the multi-year grant, Altairnano will receive $750,000 for collaborative research and development efforts through its subcontractor agreement with UNLVRF beginning October 1, 2005, and continuing through December 2006. Commented Altair Nanotechnologies CEO, Alan J. Gotcher, Ph.D., “The consortium’s two-pronged approach, which supports the National Hydrogen Fuel Initiative, is the joint development of a cell for direct hydrogen production from sunlight and water, along with related vehicle refilling stations. We expect this approach to accelerate the commercialization of alternative energy vehicles and resource utilization throughout the state of Nevada and, in due course, the United States.” Under the terms of the grant, UNLVRF, a non-profit affiliate of UNLV, will lead a team of industrial and technology partners to spearhead multiple research and development projects to drive production and commercialization of solar technology-based hydrogen projects. Altairnano’s nanocrystalline metal oxide materials are key components to the overall effectiveness of the hybrid cell being developed […]

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Kucinich Demands White House Documents On Climate Change

Congressman Dennis J. Kucinich (D-OH) has introduced a Resolution of Inquiry (H. Res. 515) demanding that the White House submit to Congress all documents in their possession relating to the anticipated effects of climate change on the coastal regions of the United States. The Kucinich Resolution is co-sponsored by 150 Members of Congress including the House Minority Whip and the Ranking Members of the House Science Committee, Government Reform Committee, Education and the Workforce Committee, Transportation Committee, Judiciary Committee, Rules Committee, Ways and Means Committee, Small Business Committee, House Administration Committee and Homeland Security Committee. A Resolution of Inquiry is a rare House procedure used to obtain documents from the Executive Branch. Under House rules, Kucinich’s resolution is referred to committee, and action must be taken in committee within 14 legislative days. The Kucinich Resolution states: Resolved, that the President of the United States is requested to provide to the House of Representatives, not later than 14 days after the date of adoption of this resolution, all documents (including minutes and memos) in his possession relating to the effects of climate change on the coastal regions of the United States produced by the National Aeronautics and Space Administration, the National […]

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