Apr 3, 2019 | Gasworld
Generate Capital has invested $100m in Plug Power to fund new project deployments and create financial flexibility to pursue company growth plans. The facility by Generate is set to accelerate Plug Power’s ongoing expansion by funding new fuel cell project deployments. The funding will enable Plug Power to complete the restructuring of existing financings. The new capital comes from a debt financing agreement between Plug Power and Generate Capital. “Generate Capital is providing Plug Power with access to a new source of capital, which will help fund out ongoing deployments and allow the Plug Power team to continue pursing our aggressive market expansion and innovation agenda for 2019,” said Andy Marsh, CEO of Plug Power.
Mar 28, 2019 | CNET
Nikola, the somewhat provocatively named rival to Tesla's Semi, announced on Thursday that it had just placed a $16 million order for equipment for its new hydrogen fuel cell lab. Why is this a big deal? By investing in advanced fuel cell technology, the company will be able to not only differentiate itself from the Big T, but it can take advantage of some of the benefits that fuel cells have to offer, namely quick refueling.
Mar 28, 2019 | Gasworld
Plug Power Inc. has launched its 30-kilowatt (kW) hydrogen fuel cell engine, the newest commercial product from the ProGen site of products. The ProGen 30kW engine provides a cost-effective solution to meet the needs of today’s electric vehicles use-case, including high utilisation, extended runtimes, reliable performance in harsh environments, rapid fuelling, and zero emissions. Delivery of the first commercial orders of the product are scheduled in July (2019) for European and Asian on-road e-mobility applications.
Mar 18, 2019 | WAMU
It may feel like the electric car has been crowned the future of transportation. Auto companies have plans to make more electric car models, and sales — still only a tiny fraction of the overall market — are expected to get a boost as more countries pass regulations to reduce carbon emissions. But Japan isn’t sure that the battery electric car is the only future, and it’s betting big on something it says makes more sense in big cities: hydrogen fuel cell vehicles. At the LFA Works factory in the city of Toyota, Aichi prefecture, workers install carbon-fiber hydrogen tanks on Toyota’s new hydrogen powered fuel cell car. It’s called the Mirai, which means “future” in Japanese.
Mar 14, 2019 | FuelCellMaterials
Nexceris is excited to have been selected to participate in a project with the Vehicle Technologies Office (VTO) within the U.S. Department of Energy (DOE) to develop cathode battery materials for next-generation vehicles that eliminate or significantly reduce the use of cobalt in the manufacture of advanced batteries. The increased demand for electric vehicles will drive demand for battery materials. Current state-of-the-art lithium-ion batteries (LiBs) are based on cobalt containing cathode chemistries. Speculation over a future global shortage of cobalt has led to a rapid increase in cobalt prices and renewed interest in increasing battery performance with reduced or cobalt-free cathode formulations. This provides an opportunity to reestablish U.S. dominance in batteries and prevent us from going from one dependency on oil to another in cobalt.
Mar 12, 2019 | Freight Waves
For all the focus on battery-powered trucks, Marrten Wetselaar told an audience at the world's leading energy conference on March 11 that the future was elsewhere. "For the decarbonization of heavy transport, there really is no alternative to hydrogen," Wetselaar said at one of the opening sessions of the 2019 edition of CERAWeek, a gathering in Houston that brings together several thousand of the leading energy decision-makers from both government and private industry. That theme – that it was going to be hydrogen powering the heavy vehicles of the future, not batteries – was heard later in a session hosted by various CERA officials to discuss the future of hydrogen. Several conclusions were drawn from the roundtable as to why hydrogen will have advantages over batteries as the future unfolds.
Mar 12, 2019 | Tech Times
Toyota aims for the moon as the Japanese automotive company joins forces with the Japan Aerospace Exploration Agency (JAXA) to build a fuel cell rover for lunar explorations. The rover is projected to be launched in 2029. Toyota's six-wheel concept rover can carry two passengers (four in emergencies) and travel more than 6,214 miles (10,000 kilometers) on the moon's surface, according to an official report released by Toyota. Passengers will also be able to live in the pressurized vehicle for a fixed amount of time without having to wear their space suits. The living space is approximately 13 square meters. The rover will land on the moon before the humans get there and travel over the surface to meet them, Endgadget reports.
Mar 05, 2019 | Microgrid Knowledge
Partners HealthCare, a medical network in New England, is moving forward with plans to install 4.1 MW of Bloom Energy fuel cells this year across its footprint of medical, healthcare, administrative and data center facilities in Massachusetts. “Partners intends to deploy the new systems at its corporate headquarters in Somerville, where more than 4,500 employees from administrative departments are based. They will also be deployed at North Shore Medical Center and Partners’ data center in Marlborough,” Partners’ Senior Manager, Energy & Sustainability Dennis Villanueva told Microgrid Knowledge.
Mar 04, 2019 | Globe Newswire
DANBURY, Conn., March 04, 2019 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced the signing of a construction financing facility with Fifth Third Bank. The proceeds will be used by FuelCell Energy to finance the construction, installation and commissioning of the fuel cell power plant being built by the Company at the U.S. Navy Submarine Base located in Groton, Connecticut. The facility structure provides for aggregate principal commitments of up to $23 million. The initial draw amount under this facility, funded at closing, was approximately $10 million.
Mar 04, 2019 | Mass Transit Mag
The Canadian Urban Transit Research and Innovation Consortium (CUTRIC) will has partnered with the University of Waterloo, the University of Western Ontario, private industry and government to develop new hydrogen fuel cell technology for transit and automobile applications. The CUTRIC will lead the project, dubbed The Development of Low-Cost, High Performing and Durable Polymer Electrolyte Membrane (PEM) Fuel Cells Project, as well as fund 25 percent of its cost. CUTRIC places the total cost of Phase I at C$1,898,432 (US$1,427,772.74). The Natural Sciences and Engineering Research Council of Canada (NSERC) will co-fund the project.