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GE Energy Gets Wind Project Contracts

GE Energy has secured contracts to supply more than 750 megawatts of wind turbines for 2004-2005 projects in the United States. The company also said it has received commitments for another 750 megawatts. In total, the orders and commitments are valued at more than $1.3 billion. The federal government's recent extension of the Renewable Energy Production Tax Credit (PTC) has, again, provided a tremendous impetus for the wind industry in the U.S., said Steve Zwolinski, chief executive officer of GE Energy's wind energy division. Many leading developers of wind projects now are encouraged to move forward with their plans to significantly increase the country's supply of wind electricity, he added. The PTC provides a 1.8-cent per kilowatt hour credit (adjusted annually for inflation) for electricity produced during the first 20 years of a wind project's operation. With the extension, the PTC will remain in place through December of 2005, and is expected to spur a new wave of wind energy installations across the country. The new contracts announced by GE Energy include projects in Iowa, Minnesota, Idaho, Texas, Oklahoma, Oregon and California. All of the projects will use GE's 1.5-megawatt wind turbines, which are the largest wind turbines assembled in […]

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DTE Energy Dedicates Hydrogen Technology Park

DTE Energy took the wraps off its Hydrogen Technology Park today, the culmination of two years of planning and construction, but just the beginning of its venture to determine the commercial viability of hydrogen as a replacement fuel for homes, businesses and automobiles. "We don't know when, or to what extent, hydrogen will become integrated into the country's energy system," Anthony F. Earley, Jr., DTE Energy chairman and CEO, said at the Hydrogen Technology Park dedication event. "It's likely to take years, if not decades, to fully develop hydrogen technologies. But we are certain about one thing: We know more about hydrogen today than we did two years ago." DTE Energy has partnered with the U.S. Department of Energy (DOE), the state of Michigan and the city of Southfield to develop, build and operate the pilot project that will create hydrogen gas from tap water and use that gas in fuel cell generators and to refuel fuel cell-powered vehicles. The hydrogen will be produced using electricity from a combination of grid power and on- site solar photovoltaic cells. The facility is capable of delivering 100,000 kilowatt-hours of electricity per year, enough to power a small office complex and several fuel […]

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FuelCell Energy Signs Agreement with Versa Power Systems

FuelCell Energy, Inc. (NasdaqNM:FCEL), a manufacturer of large stationary fuel cell power plants for commercial and industrial customers, announced today that it has entered into an agreement to combine its Canadian solid oxide fuel cell (SOFC) operations into Versa Power Systems (Versa). In exchange, FuelCell Energy will receive stock in Versa, increasing its ownership position in Versa from 16 percent to 42 percent. Consolidating SOFC technology development into a single entity provides a greater opportunity to commercialize SOFC products under the U.S. Department of Energy's (DOE) 10-year, $139 million Solid State Energy Conversion Alliance (SECA) Program. The closing is expected to take place on November 1, 2004. "We believe that combining our Canadian SOFC operations with Versa, two entities with established core solid oxide fuel cell technology programs, will enhance our ability to advance to the latter phases of the SECA program," said Jerry D. Leitman, Chairman and CEO of FuelCell Energy, Inc. "We see Versa as the vehicle for successful commercialization of SOFC products that will be complementary to our larger-scaled Direct FuelCell power plants that we are delivering to commercial, industrial and government customers today." "Having FuelCell Energy's Canadian operations join Versa will expand our technology base to […]

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