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Fuel Cell Technologies, Siemens Westinghouse Power Sign MOU

Fuel Cell Technologies Ltd. (FCT) and Siemens Westinghouse Power Corporation (SWPC) have signed a Memorandum of Understanding (MOU) regarding the global supply, sales and distribution of solid oxide fuel cell systems. Under the terms of the MOU, FCT and Siemens will establish strategic regional marketing relationships that can ultimately cover all parts of the globe. The MOU between the companies will allow for further expansion of introductory markets and positions the companies to form selected global business alliances that can be beneficial to the deployment of solid oxide fuel cell systems for a variety of residential, remote power and selected niche distributed generation markets. The relationship also positions FCT to focus on products in the range of 4 – 75 kW, while utilizing Siemens Westinghouse generator components and subsystems. "Siemens Westinghouse considers FCT an ideal means to further deploy its solid oxide fuel cell technology in the distributed generation market. The smaller FCT systems can enhance market opportunities immediately and allow us to demonstrate and improve the technology quickly," said Dr. Thomas Flower, President of SWPC's Stationary Fuel Cell Division. SWPC, headquartered in Orlando, Florida, is the regional business entity in the Americas for Siemens Power Generation and offers a […]

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International Paper Sells Million Acres, Sustainability Pledged

STAMFORD, Connecticut, November 13, 2004 (ENS) – Sustainable forestry standards will be maintained on International Paper's 1.1 million acres in Maine and New Hampshire forestlands, even after the forestlands are sold to GMO Renewable Resources, LLC, (GMORR) a private forest investment management company. The $250 million sale is expected to be complete by the first quarter 2005. The companies have agreed to a long-term management contract by which International Paper will provide forest management services, including third-party certification to the Sustainable Forestry Initiative Standard [SustainbleBusiness.com editor's note: this is the industry's certification program and is much looser than the Forest Stewardship Council (FSC)'s standards]. The forestlands being sold are located in an east-west strip across central Maine, with an additional 24,000 acres in northern New Hampshire. International Paper and GMORR have agreed to a long-term wood fiber supply agreement to continue the flow of fiber to IP's Maine paper mills in Jay and Bucksport. "Our decision to sell these forestlands is based on achieving a superior value for our forestlands while maintaining our ability to provide for the wood fiber needs of our two Maine mills," said George O'Brien, IP's senior vice president for forest products. "We look forward to […]

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