THE FUEL CELL TECHNOLOGY THREAD

THE FUEL CELL TECHNOLOGY THREAD





Stocks Presently In the WilderHill Index:
TICKER COMPANY NAME COMPANY WEBSITE SECTOR NOTES
Ava Avista Laboratories http://www.avistalabs.com/ Fuel Cells Part of a larger utility which has other interests including information technology. Gates has investment in the larger company. Also spun-off new company for producing hydrogen.
Bldp Ballard Power Systems http://www.ballard.com/ Fuel Cells Very important leader, rise of BLDP circa 1995 with Daimler investment sparked the first wave of investor interest in fuel cells. Serious Projects with Daimler Chrysler, Ford and have delivered for testing to Nissan. Interesting project with Coleman to make home-generator Fuel Cells.
Desc Distributed Energy Systems. Subsidiary: Proton Energy Systems http://www.distributed-energy.com/
http://www.protonenergy.com/ Fuel Cells, On-site H2 generation and storage. "Proton Energy Systems, Inc. designs, develops, and manufactures Proton Exchange Membrane, or PEM, electrochemical products that it employs in hydrogen generating devices and in regenerative fuel cell systems that function as power generating and energy storage devices."
Ener Energy Conversion Devices http://www.ovonic.com/ Hydride H2 Storage, additional membrane fuel-cell "battery" technology? A much different animal than almost any other alternative energy company. Largely a materials-engineering R+D company specializing in thin-films, amorophous materials and membranes, with very serious products and patents and established business in PV solar energy, Hydrogen Storage, Environmentally-OK NiMH rechargeable batteries, not to mention computer memory. Parternships and stock interest from such companies as Texaco, Canon, Bekaert. 30-40 years of disappointing buy-and-hold investors makes them the grandfather of tilting-at-windmill-class stocks, but there's no disappointment in the products themselves. With the turnaround in A-E stocks, their investors' ship might finally come in.
Working on regenerative fuel cells. Texaco has purchased a 20% equity stake in ECD.
Fcel FuelCell Energy http://www.ercc.com/ Fuel Cells One of the real big hits, stock has appreciated so much the Index had to sell some of it. Investors also did very well from EVRC (Nickel Zinc batteries) spinoff.

HYGS (HYG on the Toronto Exchnage) Hydrogenics Corporation http://www.hydrogenics.com/ PEM Fuel Cells, also system integration, testing, diagnosis. Apparently working with General Motors.
IDA Idacorp http://www.idacorpinc.com/ Fuel Cells Idaho Utility with focus on Fuel Cells. Bears Dividends.
Imco Impco Technologies http://www.impco.ws/ H2 Storage in Pressure Tanks Unusual in this sector for having sizable current revenues. Is doing considerable hiring of H2 FC engineers and building strengths here, with an emphasis on transportation applications and hydrogen storage under pressure.
Mcel Millennium Cell http://www.millenniumcell.com/ R+D NaBH4 Fuel Cell Technology Intriguing use of sodium borohydride to both store and generate hydrogen safely; might potentially play an important role in answering the key H2 storage question for transportation and stationary uses.
Mdtl Medis Technologies, Ltd. http://www.medistechnologies.com/ Smaller Fuel Cells (cell phones, computers) Could be real competitor in the race to put FCs in the highly visible micro applications. An incubator staffed by Israeli/Russian scientists, is also active in other sectors such as medical technology fields. 07/15/01: Several recent announcements regarding smaller ethanol high-efficiency fuel-cells. This is unusual in that ethanol was not previously widely discussed as a possible fuel cell fuel and it is presently made from renewable sources (usually Corn).
MEOH Methanex http://www.methanex.com/ Methanol from Natural Gas Methanol is under consideration by some as an interim fuel on the way to an H2 Economy.
Mhtx Manhattan Scientifics http://www.mhtx.com/ Smaller Fuel Cells for Bicycles, cell phones etc. Some work with Methanol? Announcements seem to indicate bike project progressing. Stock dilutions with no sign of revenues a negative sign.
Mkty Mechanical Technology http://www.mechtech.com/ R+D in new-energy solutions, Helped form and has investments in SATC, PLUG, BCON. 39 year old company. Albany NY. Investments in PLUG, SATC make the index more weighted to those companies.
Plug Plug Power http://www.plugpower.com/ Fuel Cells for homes using Natural Gas and Propane Latham, NY... some work with GE... 11/99 IPO helped spark Fuel Cell Stock boom. 2 million per quarter in revenues vs. 02/23/01 3/4 Billion dollar market cap. ... 07/22/01: GE's "Homegen 7000" is a fuel cell designed and manufactured by Plug Power planned for mid-2002 release.
Prbl Powerball Technologies http://www.powerball.net/ Sodium Hydride Pellet Fuel Storage Like Millennium Cell, this is a hydride that might safely store and generate hydrogen. Based on NaOH (Sodium Hydroxide), an industrial by-product but not yet widely available.
Qtww Quantum Fuel Systems Technologies Worldwide Inc http://www.qtww.com/ Hydrogen, compressed natural gas (CNG) and liquid propane gas (LPG) handling and gaseous fuel storage system technologies for Fuel Cells, Alt-Fuel Vehicles, Refueling Infrastructure Spun off from IMCO 7-23-02. Worth keeping in Index because of many activities relevant to fuel cells.
Satc Satcon http://www.satcon.com/ Electric Controllers, Converters, Power and Energy Management Products Fuel Cell power converters for IDA, HPOW. Power inverters for PLUG. Part-owned by MKTY which also part-owns PLUG. BCON (flywheels) is also a subsidiary or associate.
Srnyf (Hho on the Toronto exchange) Stuart Energy http://www.stuartenergy.com/ H2 production Quite a few years of experience in producing Hydrogen. Seem to be doing some good work with the California Hydrogen Business Council and other forward thinking fuel-cell-involved companies. Addition to the index helps give the index the weight of another fuel producer and store-er.
Synm Syntroleum http://www.syntroleum.com/ Natural Gas into Synthetic Liquid Fuels Recent work with FCEL. Economics of natural gas and syn-gas industries recently dictated by higher-prices. Some Big-name Hydrocarbon companies work with them. Relevance to Fuel-Cell sector debatable, but in index for now.

Only small and mid-cap stocks are tracked by this index. Large Diversified Companies such as General Electric, United Technologies and Texaco have a tremendous influence and involvement with fuel cells, but their stock prices reflect their diversified interests and so it is difficult to use them for a fuel-cell stock index.



Fuel Cell Technology Research Links:-

Fuel Cells Canada
http://fuelcellscanada.ca/index2.html
California Hydrogen Council
http://www.ch2bc.org/indexh.htm
Smithsinian Institute
http://americanhistory.si.edu/csr/fuelcells/basics.htm
Fuel Cell Marketplace
http://www.fuelcellmarketplace.com
Eyes For Fuel Cells
http://eyeforfuelcells.com
Fuel Cells Today
http://fuelcelltoday.com/index/
Fuel Cell Info
http://www.fuelcell-info.com
Green Motorsport
http://www.greenmotorsport.com