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CONTENTS NEWS Danish breakthrough on high-temperature PEM fuel cells 2 Yamaha demos fuel cell scooters, links with Yuasa 2 Hectic time for Hexis 2 Nickel alloy catalyst for cheap, ‘green’ H 2 3 Plug ships first LPG units 3 Hoku Scientific, Sanyo to develop MEA 4 MTU, RWE establish fuel cell joint venture 4 Planners reject London hydrogen station 4 FCT to supply SOFC for Vancouver project, extends SWPC agreement 4 More DOE awards for advanced hydrogen and fuel cell R&D projects 5 FedEx starts using GM FCV for Tokyo deliveries 5 Fuel cells with much less precious metal catalyst 6 US Air Force fuel cell bus project in Hawaii 6 Fumes-to-fuel system turns Ford’s waste paint exhaust into power 6 NYSERDA awards for MTI Micro, Plug demo 6 Iwatani leases Honda FCV, develops mobile hydrogen storage 7 Icelandic H 2 project for Millennium Cell 7 Fabrication process for intermediate- temperature SOFCs 7 High-performance lithium nitride for hydrogen storage 8 UK plans national fuel cell applications facility 8 Planet Capital to commercialize PSI energy technologies, sell ECN molten carbonate patents 8 Advanced technology R&D awards from NIST 8 Chrysalix leads buyout funding of Avista Labs 9 Illinois 2H 2 launched as public-private partnership 9 FEATURE The Smart way to get DMFC products into the market 10 REGULARS In Brief 3, 5, 7, 9 Research Trends 13 Patents 14 Events Calendar 16 The US Department of Energy has released two solicitations for R&D in hydrogen production, delivery and storage technologies, with proposals to be submitted in September. These solicitations will provide funding of up to $200m over four to five years to support President Bush’s Hydrogen Fuel Initiative. The solicitation for hydrogen production, delivery and storage covers: biomass gasification and pyrolysis; photolytic processes; distributed natural gas reforming technologies; separation and purification technologies; advanced electro- lysis systems; high-temperature thermochemical water splitting; hydrogen production infra- structure analysis; and advanced hydrogen delivery technologies. The second solicitation focuses on developing hydrogen storage materials and technologies with collaboration among industry, universities and national labs. Two categories are addressed: to establish virtual ‘centers of excellence’ in metal hydrides, carbon and chemical hydrogen storage led by the national labs; and applications from universities and industry for new and innovative materials and concepts, compressed and liquid hydrogen, and both on-board and off-board hydrogen storage technologies. More information at: www.eere.energy.gov/ hydrogenandfuelcells/financial.html Connecticut-based FuelCell Energy, the acknowledged leader in commercializing molten carbonate fuel cells for stationary power, has entered into a definitive agreement to acquire Canadian solid oxide fuel cell developer Global Thermoelectric. Global has terminated its combination agreement with California-based Quantum Technologies. The all-stock FCE–Global transaction is valued at US$2.72 (C$3.82) per Global common share, for a total value of approximately US$80m (C$112m). It has the unanimous support of both companies’ boards. On closure Global share- holders will own 17–20% of the fully diluted shares of FCE. Global will nominate one person, possibly two, to be appointed to the FCE board. The transaction is expected to close in the fourth quarter of 2003, subject to approval by each company’s shareholders, the courts, regulatory approvals and other customary closing conditions. As a result of the proposed combination with FCE, Global has paid a US$2m break-up fee to Quantum Technologies to terminate its combination agreement. Quantum and Global had recently settled legal action by major Global shareholder Enbridge challenging that combination [FCB, August]. ‘We believe that this combination represents an excellent strategic and technological fit,’ commented Jerry D. Leitman, chairman, president and CEO of FCE. ‘Global’s advanced SOFC technology has a strong complementary fit with our core carbonate technology and product development expertise, and will also strengthen our position throughout the 10-year, US$139m Solid-State Energy Conversion Alliance (SECA) contract recently awarded to FCE by the US Department of Energy.’ Leitman emphasized that FCE will be marketing its Direct FuelCell ® products for several years before the SECA products are commercialized. FCE does not expect its SECA- developed SOFC products to eventually replace its MCFC product line, but rather will offer both technologies FCE currently has very few staff working in SOFC technology, so the addition of Global’s experts will greatly enhance its SOFC research. FCE believes that it will in future be able to transfer solutions – such as stack manufacture, sealing, balance-of-plant etc. – from one high- temperature fuel cell technology to the other. FCE to acquire Global, synergies in high-temp fuel cells ISSN 1464-2859/03 © 2003 Elsevier Ltd. All rights reserved This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use. DOE $200m for H 2 production, delivery and storage ISSN 1464-2859 September 2003

FCE to acquire Global, synergies in high-temp fuel cells

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Page 1: FCE to acquire Global, synergies in high-temp fuel cells

C O N T E N T S

NNEEWWSS

Danish breakthrough on high-temperaturePEM fuel cells 2

Yamaha demos fuel cell scooters,links with Yuasa 2

Hectic time for Hexis 2

Nickel alloy catalyst for cheap, ‘green’ H2 3

Plug ships first LPG units 3

Hoku Scientific, Sanyo to develop MEA 4

MTU, RWE establish fuel cell joint venture 4

Planners reject London hydrogen station 4

FCT to supply SOFC for Vancouver project,extends SWPC agreement 4

More DOE awards for advanced hydrogenand fuel cell R&D projects 5

FedEx starts using GM FCV for Tokyo deliveries 5

Fuel cells with much less precious metalcatalyst 6

US Air Force fuel cell bus project in Hawaii 6

Fumes-to-fuel system turns Ford’s wastepaint exhaust into power 6

NYSERDA awards for MTI Micro, Plug demo 6

Iwatani leases Honda FCV, develops mobilehydrogen storage 7

Icelandic H2 project for Millennium Cell 7

Fabrication process for intermediate-temperature SOFCs 7

High-performance lithium nitride forhydrogen storage 8

UK plans national fuel cell applications facility 8

Planet Capital to commercialize PSI energytechnologies, sell ECN molten carbonatepatents 8

Advanced technology R&D awards from NIST 8

Chrysalix leads buyout funding of Avista Labs 9

Illinois 2H2 launched as public-privatepartnership 9

FFEEAATTUURREE

The Smart way to get DMFC productsinto the market 10

RREEGGUULLAARRSS

In Brief 3, 5, 7, 9

Research Trends 13

Patents 14

Events Calendar 16

The US Department of Energy has releasedtwo solicitations for R&D in hydrogenproduction, delivery and storage technologies,with proposals to be submitted in September.These solicitations will provide funding of upto $200m over four to five years to supportPresident Bush’s Hydrogen Fuel Initiative.

The solicitation for hydrogen production,delivery and storage covers: biomass gasificationand pyrolysis; photolytic processes; distributednatural gas reforming technologies; separationand purification technologies; advanced electro-lysis systems; high-temperature thermochemicalwater splitting; hydrogen production infra-structure analysis; and advanced hydrogen

delivery technologies.The second solicitation focuses on developing

hydrogen storage materials and technologieswith collaboration among industry, universitiesand national labs. Two categories are addressed:to establish virtual ‘centers of excellence’ inmetal hydrides, carbon and chemical hydrogenstorage led by the national labs; and applicationsfrom universities and industry for new andinnovative materials and concepts, compressedand liquid hydrogen, and both on-board andoff-board hydrogen storage technologies.

More information at: www.eere.energy.gov/hydrogenandfuelcells/financial.html

Connecticut-based FuelCell Energy, theacknowledged leader in commercializingmolten carbonate fuel cells for stationarypower, has entered into a definitive agreementto acquire Canadian solid oxide fuel celldeveloper Global Thermoelectric. Global hasterminated its combination agreement withCalifornia-based Quantum Technologies.

The all-stock FCE–Global transaction is valuedat US$2.72 (C$3.82) per Global common share,for a total value of approximately US$80m(C$112m). It has the unanimous support of bothcompanies’ boards. On closure Global share-holders will own 17–20% of the fully dilutedshares of FCE. Global will nominate one person,possibly two, to be appointed to the FCE board.

The transaction is expected to close in thefourth quarter of 2003, subject to approval byeach company’s shareholders, the courts,regulatory approvals and other customary closingconditions. As a result of the proposedcombination with FCE, Global has paid aUS$2m break-up fee to Quantum Technologiesto terminate its combination agreement.Quantum and Global had recently settled legalaction by major Global shareholder Enbridge

challenging that combination [FCB, August].‘We believe that this combination represents an

excellent strategic and technological fit,’commented Jerry D. Leitman, chairman,president and CEO of FCE. ‘Global’s advancedSOFC technology has a strong complementary fitwith our core carbonate technology and productdevelopment expertise, and will also strengthenour position throughout the 10-year, US$139mSolid-State Energy Conversion Alliance (SECA)contract recently awarded to FCE by the USDepartment of Energy.’

Leitman emphasized that FCE will bemarketing its Direct FuelCell® products forseveral years before the SECA products arecommercialized. FCE does not expect its SECA-developed SOFC products to eventually replaceits MCFC product line, but rather will offer bothtechnologies

FCE currently has very few staff working inSOFC technology, so the addition of Global’sexperts will greatly enhance its SOFC research.

FCE believes that it will in future be able totransfer solutions – such as stack manufacture,sealing, balance-of-plant etc. – from one high-temperature fuel cell technology to the other.

FCE to acquire Global, synergies in high-temp fuel cells

ISSN 1464-2859/03 © 2003 Elsevier Ltd. All rights reservedThis journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use:

PhotocopyingSingle photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all otherphotocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available foreducational institutions that wish to make photocopies for non-profit educational classroom use.

DOE $200m for H2 production, delivery and storage

ISSN 1464-2859 September 2003