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Frost & Sullivan Names MTI Micro Fuel Cell Entrepreneurial Company of the Year

Frost & Sullivan, a leading market research company, has named MTI MicroFuel Cells, Inc. (MTI Micro) the 2005 Fuel Cell Entrepreneurial Company of the Year. MTI Micro was the first to commercialize and ship a micro fuel cell product in 2004. “To become a truly entrepreneurial-spirited company, many aspects are considered from product development and innovation, to strategic partnerships and achievement of financial resources to ensure a large probability of success,” says Frost & Sullivan research manager Sara Bradford. Since 2001, the company has striven to develop and strengthen necessary platforms to bring micro fuel cell technology from conceptual stage to product launch. This infant industry faces many challenges including slow adoption new technology, lack of cartridge/fuel refill standardization, transportability of cartridges, and growth from low to high volume manufacturing with decreasing cost curves. MTI Micro achieved numerous patent-pending designs with the ultimate goal of overcoming a key challenge micro fuel cell technologies face – compact size. Its innovative internal design requires no pumps or re-circulation loops, therefore, creating a simpler design and streamlining the size of the cell. The company also gained multiple certifications that build end-user confidence in its safety and performance standards. In June 2004, MTI Micro […]

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South Korea to Build World's Largest Tidal Power Plant

South Korea is planning the world’s largest tidal energy plant as part of its commitment to increase the share of renewable energy from 1.4 – 5% by 2011. The Sihwa Tidal Power Plant, to be completed by 2009, would generate 260 megawatts (MW) from the energy created from the flow of water in and out of a seaside bay. The total project cost is approximately US$250 million. It will consist of a powerhouse for 10 ‘bulb-type’ turbines with direct driven generators including gates and other equipment. Each turbine and generator will have an output of 26 MW (total 260 MW installed capacity). The plant is designed to be operated in one direction from the sea to the Sihwa Lake, allowing up to 60 billion tons of seawater to be circulated annually. In doing so the plant will generate power by using the head between the high tide and the reservoir level, while improving the water quality of Sihwa Lake. The Korea Water Resources Corporation (KOWACO), the governmental water authority, is acting as project developer/ owner. Daewoo Engineering & Construction, as the civil leader, is the project’s main contractor. Daewoo has awarded VA Tech Hydro a US$94 million contract to engineer […]

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