FuelCellsWorks

MISSISSAUGA, Ontario– Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that it was awarded a contract to deliver and install a 1MW HySTAT® electrolyzer in an industrial scale renewable energy storage project, the largest of its kind in Germany. The system will have the capacity to store up to 27 MWh of energy as hydrogen.

The full-scale project, by the name RH2-WKA, will be located in Mecklenburg-Vorpommern in northern Germany where the wind regimes are highly favorable. The project owner of the wind-hydrogen system is German-based WIND-projekt GmbH (www.wind-projekt.de), a leading European turn-key provider and operator of wind energy parks and stand-alone plants. To date WIND-projekt has delivered just under 300 MW of installed wind energy generation onshore and has received building permission for approximately 1 MW offshore. The electrolyzer purchase is funded by the German NIP (Nationale Innovationsprogramm für Wasserstoff- und Brennstoffzellentechnologie).

Power to operate the electrolyzer, including an integrated compressor to store hydrogen at elevated pressure, will be provided by WIND-projekt’s newly installed 140 MW wind farm, harvesting wind energy from an array of 7.5 MW wind turbines. By incorporating hydrogen generation and storage in the system design, the wind’s fluctuating energy is balanced. At the same time energy can be stored for long periods of time.  For end-users this ensures a supply of high quality, reliable power from renewable energy sources.

“The electrolysis of water into hydrogen using excess energy from wind and solar sources is the optimal pathway to increase the renewable content in our energy system mix,” said Daryl Wilson, President and CEO of Hydrogenics. “For a renewable energy project of this scale, WIND-projeckt’s choice of a hydrogen technology storage solution is great validation for this capability. It tells us that Hydrogenics’ long-standing dedication to this market opportunity has been well-placed.”

The stored hydrogen will be used as needed to generate electricity for the RH2-WKA project. The system will also allow the hydrogen to be used for transport and be fed to the natural gas network. Wind energy is considered to have significant potential as part of Germany’s announced commitment to phase out all nuclear power by 2020.

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.

BOTHELL, WA– Neah Power Systems Inc. (OTCBB: NPWZ) announces that it has added a strategic component to its business model by offering licenses to potential customers to manufacture Neah’s patented, award winning PowerChip™ technology. Traditionally, Neah Power has focused on an outsourced manufacturing business model. The shift to emphasize a licensing strategy is intended to further leverage existing third-party manufacturing capacity in the semiconductor industry.

Dr. Chris D’Couto, CEO Neah Power Systems, said, “The ability to use existing, low cost, third-party factories to manufacture our PowerChip™ technology is a key differentiator between our fuel cells and incumbent Proton Exchange Membrane (PEM) products. Our licensing strategy is a powerful competitive tool particularly for customers who have access to their own computer chip manufacturing capacity. Because our products can be manufactured with existing equipment used in the semiconductor industry, licensing allows potential customers to leverage current manufacturing facilities without significant capital outlays for new equipment. We believe this manufacturing capacity, along with the longer fuel cell life, higher power density (power per unit area) and anaerobic (non-air) functionality of our PowerChip™ technology provides us with competitive advantages over PEM-based fuel cells.”

About Neah Power

Neah Power Systems, Inc. is developing long-lasting, efficient and safe power solutions for the military, transportation, and for portable electronics applications. We use a unique, patented, award winning, silicon-based design for our PowerChip™ micro fuel cells that enable higher power densities, lower cost and compact form-factors, and that can run in aerobic and anaerobic modes.

Neah Power is headquartered in Bothell, Washington, and its common stock trades on the OTC Bulletin Board under the symbol “NPWZ.” Further company information can be found at www.neahpower.com.

AARON NATHANS-The News Journal

DOVER – The Public Service Commission handed Bloom Energy a decisive victory Tuesday, unanimously approving a surcharge on Delmarva Power electric bills to help subsidize two generating stations and a fuel-cell factory in Newark.

The factory, which is expected to employ 900 people and could attract additional suppliers and jobs, will mark the entry into the East Coast market for Bloom, the venture-capital-backed company based in California’s Silicon Valley. The plant will enable the firm to expand beyond its base in the West, which is serviced by a California factory.

The Delaware factory will be built on the former site of the Chrysler plant, now being transformed into a technology park owned by the University of Delaware. State officials have estimated it could generate $300 million annually for the economy.

Bill Kurtz, Bloom’s chief financial officer and chief commercial officer, said in a statement the company is “looking forward to working with the state, the University of Delaware and Delmarva to now begin the process of creating jobs and applying our innovative fuel-cell technology to bring affordable, reliable and clean energy to the entire East Coast.”

The surcharge on Delmarva bills is expected to average $1.34 per month over 21 years, a consultant to the PSC staff said Tuesday, a slightly lower number from the previous estimate. It would raise more than $100 million over 21 years.

The newly enacted tariff will fund the installation of two clusters of Bloom’s fuel-cell generators at Delmarva substations in New Castle County and will pay for the natural gas that will be used to generate electricity for sale onto the regional power grid.

Instead of burning the gas, the fuel cells create an electrochemical reaction that emits fewer pollutants than a power plant fueled by the same gas would.

The first surcharge is expected to hit Delmarva bills in early 2013, when the first “Bloom Boxes” will begin creating electricity. When fully built, the boxes will provide 30 megawatts of power and will help Delmarva fulfill its state renewable-energy purchase requirements.

PHILADELPHIA, PA–(Marketwire – Oct 19, 2011) – Early production stage hydrogen generation company AlumiFuel Power, Inc. (”API”), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW) (the “Company”), today provided an update on its strategic marketing thrusts based on recently announced technology advancements and collaboration discussions with potential new path-to-market partners. These initiatives involve four important market segments: Portable Balloon Inflation Systems; portable power; H24U mini hydrogen generator; and Unmanned Undersea Vehicles.

Portable Balloon Inflation Systems (PBIS) — $200 million market
The recent announcement of the US Air Force Special Operations Command contract for the new PBIS-2000 to fill and launch 200g weather balloons has triggered new expressions of interest in purchasing API’s unique PBIS products by other NATO military customers as well as meteorological customers. The PBIS-2000 technology, including ambient pressures, low temperatures, and simplified designs, will be incorporated into all future PBIS products, including the PBIS-1000 for 100g balloons. The cost of the traditional lift gas, helium, is up 15% just in the past year and supply is increasingly tight — causing more weather balloon users to switch to hydrogen. Global meteorological users include: (1) Agencies such as NOAA and WMO that launch weather balloons in remote areas of the world to collect and disseminate vital weather and climatologic information; (2) Air Traffic Control agencies in developing nations that do not have a consistent and reliable source of hydrogen for lift gas; and (3) Disaster relief agencies in areas that have a hydrogen distribution network which has been cut off because of a natural disaster. This was the case in the Japanese nuclear disaster earlier this year.

Portable Power — $3 billion market
Recently announced technology developments in 100W portable power applications, in which API’s AlumiFuel hydrogen generator-cartridges are used to power a fuel cell, have triggered a flurry of activities involving potential fuel cell partners. API is in the process of qualifying several candidates interested in exploring strategic collaboration arrangements. Moreover, API’s new automated generator-cartridge unit is also ready to be used as a standalone system to fill metal hydride cylinders already in the field in many military and commercial applications.

H24U — $3 million market
Based on market surveys and discussions with many academicians and science apparatus distributors, API is convinced that this is a unfilled market waiting to be developed. API’s mini-hydrogen generator, H24U, is an ideal product for high school and college science labs to demonstrate the generation and use of hydrogen. API’s collaboration with a local high school science department is proceeding as planned, with the development of lesson plans and experiments based on the H24U unit. At the same time, API is now qualifying potential distribution partners to roll out the H24U and lesson plan package in a nationwide marketing and sales effort.

Unmanned Undersea Vehicles (UUVs) — $1.2 billion market for UUV fuel
API’s unique technology combines hydrogen generation along with heat generation, with both sources providing unmatched energy density feeding fuel cells and turbines to power UUVs. Together with its UUV power plant partner, Ingenium Technologies, API is continuing to pursue US Navy program opportunities. API and Ingenium will be presenting the current state of development of their Integrated Hybrid Fuel Cell Power System for UUV applications this November at the Fuel Cell Seminar and Exposition in Orlando Florida. This is the premier annual fuel cell conference in the US.

API’s President & CEO, Mr. David Cade, said, “Essentially API is in the process of introducing exciting new technologies and products into these target markets. This requires considerable education on the benefits of using hydrogen as a potent new alternative energy power source to replace existing technologies and products. We believe we have made significant progress in this regard, and are beginning to see real results in our quest to penetrate these large markets.”

About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation, is an early production stage alternative energy company that generates hydrogen gas and steam/heat through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. API’s hydrogen feeds fuel cells for portable and back-up power; fills inflatable devices such as weather balloons; can replace costly, hard-to-handle and high pressure K-Cylinders; and provides fuel for flameless heater applications. Its hydrogen/heat output is also being designed and developed to drive fuel cell-based and turbine-based undersea propulsion systems and auxiliary power systems. API has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products.

About AlumiFuel Power Corporation
AlumiFuel Power Corporation operates through its wholly owned operating subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and heat for multiple applications requiring on-site, on-demand fuel sources.

BOULDER, Colo.–With fuel cells being deployed for applications as diverse as residential power, off-grid mobile communications sites in Africa, low-carbon transportation, and electrical grid reliability, the shift from a sector centered on R&D to a fully commercialized fuel cell industry is well underway. While profits at a company level remain elusive, a handful of industry players have taken the necessary first step of making a profit on each unit sold. Between 2008 and 2010, the fuel cell industry experienced a compound annual growth rate (CAGR) of roughly 27% – lower than some industry commentators would have liked to see.

According to a recent report from Pike Research, however, global fuel cell industry revenue climbed sharply during that period, increasing from around $260 million in 2008 to nearly $670 million two years later – an increase of more than 250%. Looking ahead, Pike Research forecasts that growth in the industry will accelerate rapidly beginning in 2012, with strong growth anticipated over the next six years. Global fuel cell revenue is expected to surpass $28 billion by 2017.

“Shipments continue to pick up speed thanks to the breadth of applications being targeted by vendors,” says research director Kerry-Ann Adamson. “Fuel cells are being recognized as a highly effective tool for deploying reliable, clean power for stationary, portable, and transport applications.”

In its first Fuel Cells Annual Report, Pike Research provides a benchmark for the development of the industry. Thirty-plus applications across the transport, stationary, and portable sectors are measured. While fuel cells for transportation applications have received the most attention from the media, the real driver of the industry is the stationary fuel cell sector. In 2010, fully 50% of all fuel cell systems shipped were for stationary applications. Certain big-ticket markets, such as residential, are already seeing shipments in the tens of thousands. A number of early adopter sectors have emerged, including residential units (particularly in Japan), power for both grid-connected and off-grid mobile telecommunications base stations, and combined heat and power (CHP) plants for a variety of markets, including hospitals and hotels.

Portable fuel cells, meanwhile, have had their ups and downs, with a temporary spike in shipments created by the sale of 3,000 Toshiba Dynario external battery rechargers in 2009 followed by a sharp decline in total sales in 2010. Significant volumes for transportation fuel cells in car and buses are still several years away, as automakers gear up for fuel cell vehicle (FCV) launches in 2015. The fall-off in shipments for the portable sector led to a strong correction for the overall industry in 2010, as shipments essentially flatlined. That is expected to change, beginning next year. While cars and buses will continue to dominate the headlines, applications such as remote monitoring, residential, and uninterruptible power supplies will continue to gain traction and grow.

Pike Research’s first annual “Fuel Cells Annual Report” analyzes the state of the global fuel cell industry, its key barriers and drivers, where the industry could be in 2017, and why 2015 is shaping up to be such a crucial point for the industry. This report is produced from extensive industry interviews as well as the Pike Research fuel cell forecast model. An Executive Summary of the report is available for free download on the firm’s website.