FuelCellsWorks

Twenty Mercedes-Benz fuel cell vehicles deployed in California will be part of a technology validation project of the U.S. Department of Energy’s (DOE) Fuel Cell Technologies Program. Mercedes-Benz recently announced that it will place seventy fuel cell vehicles in California by 2012. This deployment shows a strong commitment to advanced technology vehicles and international collaboration to bring these technologies to their fullest fruition. Bringing vehicles with the latest technology advancements to U.S. roadways as part of the DOE’s project will help validate the technologies for ultimate market acceptance.

The U.S. Department of Energy has participated with industry in a 50/50 cost-shared project to validate fuel cell vehicles and hydrogen fueling stations under real-world operating conditions and demonstrate advances in research. Mercedes-Benz North America has been involved since 2005 and will continue to provide critical data to the DOE from 20 of the fuel cell vehicles being announced today.

A total of 152 vehicles and 24 fueling stations have reported data to the DOE’s project, including vehicles from General Motors, Ford, and Hyundai Kia, in addition to Mercedes-Benz. These vehicles have travelled over 2.8 million miles and have shown a durability of 2,500 hours, equivalent to about 75,000 miles.

The second generation, B-class Mercedes-Benz vehicles are designed to have a 270 mile driving range on one tank of hydrogen and take less than 5 minutes to fill. It is also currently certified by the EPA and CARB as a zero-emission vehicle for the 2011 model year.

Vehicles will be delivered to select customers in California before the end of this year. The full 70 vehicle fleet will be deployed by 2012. Based on successful performance of these vehicles, Mercedes-Benz anticipates commercialization of fuel cell vehicles in the 2015 timeframe.

Targeting Commercial Applications Segment

DANBURY, Conn.– FuelCell Energy, Inc. (Nasdaq:FCEL), a leading manufacturer of ultra-clean high efficiency power plants using renewable and other fuels for commercial, industrial, government, and utility clients, today announced that it will jointly develop a small-scale Direct FuelCell® (DFC®) power plant with its South Korean partner, POSCO Power. The power plant will target the fast-growing commercial applications market segment, particularly in Asia. POSCO Power will fund the $5.8 million program in stages as performance milestones are reached, with an initial funding of $2.9 million for design and development of a smaller scale fuel cell stack.

Due to their highly efficient power generation, lack of pollutants and quiet operation, fuel cell power plants are well-suited for commercial buildings located in urban environments. Fuel cells efficiently generate power using an electrochemical process that does not involve combustion. The lack of combustion results in virtually zero pollutants and quiet operation. Fuel cell generated power can make use of available clean energy incentives, and can compete favorably with commercial and residential electricity rates in many regions of the world.

“FuelCell Energy’s DFC products have been demonstrated as a dependable, ultra-clean solution,” said Ben Toby, Vice President of Global Business Development for FuelCell Energy. “With today’s announcement, POSCO Power and FuelCell Energy seek to build on their partnership to enter into a previously untapped market segment, which has the potential to drive significant volume.”

FuelCell Energy’s core DFC power plant product line consists of the 300 kilowatt DFC300, the 1.4 megawatt DFC1500, and the 2.8 megawatt DFC3000. The DFC3000 is scalable for utility-size applications of multiple megawatts.

About FuelCell Energy

DFC® fuel cells are generating power at over 50 locations worldwide. The Company’s power plants have generated over 600 million kWh of power using a variety of fuels including renewable wastewater gas, biogas from beer and food processing, as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers and power companies around the world. The Company also receives funding from the U.S. Department of Energy and other government agencies for the development of leading edge technologies such as fuel cells. For more information please visit our website at www.fuelcellenergy.com

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that VolkerHighways (a member of the VolkerWessels UK group of companies) has signed an agreement to participate in the Hydrogen On Site Trials (HOST) of ITM Power’s transportable high pressure refueling unit (HFuel).  The HFuel unit was built with support from the Technology Strategy Board (TSB) and was launched at the Company’s AGM on 15^th September 2010.

VolkerHighways specialises in public and private sector highways maintenance, street lighting, civil engineering term contracts and hard and soft landscaping projects.  Dedicated divisions provide surfacing, road marking, specialist surfacing, traffic management and fencing, and operate a fleet of approximately 300 vehicles.

Commenting for ITM Power, CEO Graham Cooley said: “We welcome VolkerHighways to the growing number of organisations representing the public and utility sector service providers, who have joined our HOST programme.  Their feedback regarding our energy storage and clean fuel technology, using renewable energy for decarbonising fleet operations and for advancing the development of clean air transport strategies in urban centres, will enhance the data collected to assess the role our technology could play in this important sector of our economy.”

VolkerHighways’ Managing Director, Peter Hyde, said: “Decarbonising our vehicle fleet and reducing tail pipe pollutants is vitally important to our clients and for our operations in urban areas across the South East of England.  We are very pleased to be joining ITM Power’s hydrogen trials as we continue to look at options for utilising renewable power for zero carbon emission vehicles.”

MISSISSAUGA, Ontario– Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that Daryl Wilson, President and Chief Executive Officer, will be presenting at the LD MICRO Growth Conference in Los Angeles on Thursday, December 9th, 2010 at 3:00 PM PST. The presentation will provide a corporate overview and discussion the Company’s growth strategy.

ABOUT HYDROGENICS

Hydrogenics Corporation ( www.hydrogenics.com ) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

About LD MICRO

LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor. For more information on the list of presenting companies or to register for the event, please visit http://www.ldmicro.com or call (408) 457-1042.