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Bloom Energy Officially Celebrates New Fuel Cell Manufacturing Center


“the new face of manufacturing in Delaware”

JPMorgan Chase announced as newest Bloom customer

(Newark, DE) –  Bloom Energy officially celebrated its new manufacturing center in Newark and says it will be hiring more than 100 new workers in the coming months in jobs ranging from welders to production control technicians to electric/electronic engineers.   Bloom Boxes use revolutionary solid oxide fuel cell technology that converts fuel to electricity using an electrochemical reaction, rather than combustion, allowing customers to reduce their carbon footprint while cutting operating costs.  At today’s event, JPMorgan Chase announced it will be Bloom’s newest commercial customer in Delaware.

“This is the new face of manufacturing, and we have it right here in Delaware “ said Governor Jack Markell, who spoke about traveling to Bloom’s California headquarters in 2010 to talk with company leaders about expanding to Delaware.  “The growth of innovative companies like Bloom and of new, high-tech manufacturing is necessary to move Delaware’s economy forward.  We know one of the major reasons Bloom chose Delaware is our outstanding workforce.  We are committed to supporting and developing a pool of talented workers prepared for jobs in new manufacturing.  I am confident the company will continue to discover the great talents we have in Delaware and partners in the community that support Bloom’s continued growth here.”

JPMorgan Chase announced that it will soon pilot an 500 kW installation of Bloom boxes powering its Morgan Christiana site that will support power to its data centers.

“The fact that Bloom is opening this additional manufacturing plant in Delaware gives us easy access to maintenance and monitoring engineers at our Morgan Christiana site.  We hope to expand the pilot as we move forward,” said Bill McHenry, global head of Property Operation, who spoke at the official opening. “We are able to not only improve our facility right here in Delaware, but also fulfill our companywide commitment to investing in new technologies designed to reduce our impact on the planet.”

“Bloom has the best technology when it comes to converting fuel to electricity,” said K.R. Sridhar, C-E-O of Bloom.  “We have a tremendous following with our customers who want affordability, predictability when it comes to costs , reliability, security, and sustainability.  Using less fuel is the pathway to efficiency.”

Sridhar talked about Bloom’s commitment to Delaware saying, “We have built a factory; we are creating jobs and  we are putting cleaner energy in the state.  Our commitment continues.   Good partnerships are about trust and we will continue our commitment.”

University of Delaware President Patrick Harker said, “This is a milestone moment for us in terms of sponsoring innovation.  Bloom saw the potential of this campus early on.  They understood the advantages of proximity to UD: the creative energy of a lot of great minds working together; the efficiency that expedites time-to-market for important discoveries; the synergy of centralizing high-quality R&D education and training, technology development and manufacturing so that each can inform and improve the other.”

Bloom announced its plans to build its new, high-tech manufacturing center in Delaware in 2011 and broke ground on its facility in Newark in April 2012 which is located on the site of the former Chrysler plant in Newark.

Bloom’s customers include WalMart, which endorsed its growing partnership with Bloom during today’s event, as well as Google, Apple,  Bank of America, FedEx, Co a-Cola, Staples, A-t-and-T, Verizon and E-Bay.  Walmart first installed Bloom systems in 2009 and is one of Bloom’s largest customers.

Bloom began shipping Bloom boxes from the Center this summer and currently has approximately 80 people working at the new manufacturing center and has more than 70 jobs posted for immediate hiring.

October 17, 2013 - 1:27 PM Comments: Closed

S. Korea to form public-private body to boost hydrogen sectors

MK Business News–South Korea is set to found a public-private body representing the hydrogen energy, fuel cell and vehicle sector next month, following a similar trend of the public and private sectors working together to develop and produce hydrogen-fueled vehicles and to build charge stations in the US, Germany and Japan.

This signals that the government and private entities will start a joint effort to stimulate the hydrogen sectors, including the development of hydrogen cars and generators and establishing relevant infrastructure, in the country where no organization was devoted to bolstering the hydrogen energy, fuel cell and vehicle industry. The new body, which will be established under the Ministry of Trade, Industry and Energy to advance the hydrogen sectors, has assembled over 100 corporations, including conglomerates such as Hyundai Motor, SK Energy and GS Caltex, as well as small and mid-sized businesses (SMB).

[S. Korea to form public-private body to boost hydrogen sectors] 기사의 본문 이미지

A senior official at Hyundai Motor Group said Sunday “Korea is seen as a powerhouse in the hydrogen vehicle sector on the surface, as it is the first country to mass-produce hydrogen vehicle ‘Hyundai Tucson ix.’ But major advanced countries are one step ahead of us, with their governments fully providing systematic support to develop hydrogen cars and building related infrastructure.” The official added “there is neither governmental nor private organization in charge of the hydrogen business whatsoever, calling for an urgent need to have an agency that oversees the industries across the spectrum.”

In Japan, large engineering company Chiyoda Corporation intends to invest 30 billion yen ($307.8 million) in building the world’s first mega-size complex that produces hydrogen fuel in Kawasaki city by 2015. Coinciding with the construction, Toyota and Honda plan to sell hydrogen cars in the mass market. The number of hydrogen cars is estimated to reach two million units in Japan by 2025.

October 17, 2013 - 6:48 AM Comments: Closed

Intelligent Energy Holdings plc completes $51 million capital raising

Global power technology company announces its largest ever capital raise

Intelligent Energy Holdings plc (“Intelligent Energy” or “the Company”), the global power technology company, announces the completion of a $51* million capital raise (the “Capital Raise”). The proceeds of the Capital Raise will be used to finance the next stages of the Company’s development. This is its largest ever fund raising since its inception.

The Company highlighted in its Annual Report to 30 September 2012 that the planned commercial launch of consumer electronics and stationary power systems, together with the development of remote asset monitoring capabilities, would require Intelligent Energy to seek additional growth capital in the financial year to 30 September 2013. Having completed the Capital Raise, Intelligent Energy can now proceed with capitalising on the exciting opportunities in front of it, namely to:

  • fund and enable the commercial launch of the consumer electronics division, with its attendant global opportunities;
  • fund and enable the commercial launch of the stationary power division, initially in India; and
  • maintain, and fund an expansion of, core R&D activities (including in relation to the development of remote asset monitoring capabilities) and develop further management risk control systems.

Commenting, Paul Heiden, Chairman of Intelligent Energy, said: “We are delighted to be announcing a further private funding for Intelligent Energy, which is our largest ever. It is a testament to the regard in which our management, strategy and prospects are held. We now look forward to focusing fully on seeking to capitalise on the many opportunities provided by our superb technology and to deliver value to shareholders.”

Dr. Henri Winand, Chief Executive Officer of Intelligent Energy, commented: “We have raised this finance at a time when we are making significant strides in our principal market sectors: motive, consumer electronics and stationary power. We have recently signed important agreements in two of these sectors, and in the third, motive, our Joint Venture with Suzuki has achieved an important milestone. The fund raising will strengthen our strategy of providing world-leading fuel-cell technology to our global partners.”

Selected highlights in last financial year

Intelligent Energy signed separate agreements within its consumer electronics division earlier this year with Etisalat Nigeria, a world-leading telecoms company, and with Cable & Wireless Communications’ Sure operation (now owned by the Batelco Group) to test personal energy devices powered by Intelligent Energy’s fuel-cell technology. In India, Intelligent Energy’s stationary power division signed an MOU with Microqual Techno Limited to provide telecoms infrastructure using equipment mounted on existing power transmission towers and a Statement of Intent with Indian Oil, the country’s largest oil and gas company, to jointly develop a range of fuel-cell power systems for the Indian market. In February, SMILE FC System Corporation, a Joint Venture formed with the Suzuki Motor Corporation, announced the completion of a ready-to-scale production line in Japan to ultimately supply fuel cell stacks for integration with Suzuki vehicles.

October 17, 2013 - 6:01 AM Comments: Closed