Hydrogen fuel cells gain US Government support

The United States Federal Government is committing around $12bn in funding for the research of renewable energy and clean technologies. Several fuel cell developers, including Ballard, Plug Power, and FuelCell Energy, and companies specialising in hydrogen fuel will benefit from the funding, which is is intended to improve fuel cell technology and the application of these energy systems in various sectors.

CORAL SPRINGS, Florida, February 17, 2016 /PRNewswire/ --

US Government pledges to commit north of $12 billion in research to renewable energy as companies thrive off increased demand for sustainable energy products and solutions. Sustainable energy & hydrogen-on-demand Fuel Cell companies with recent achievements of importance in the market are: Neah Power Systems, Inc. (OTCBB: NPWZ), FuelCell Energy, Inc. (NASDAQ: FCEL), Ballard Power Systems Inc. (NASDAQ: BLDP), Plug Power Inc. (NASDAQ: PLUG), Clean Energy Fuels Corp., (NASDAQ: CLNE) and Energizer Holdings, Inc. (NYSE: ENR)

Neah Power Systems, Inc. (OTCBB: NPWZ) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced that Dr. Chris D'Couto, President & CEO, was invited to attending a White House Business Council briefing on February 17 2016on renewable energy and climate change. The White House Business Council and Business Forward are organizing the briefing at the White House with senior Administration officials on Wednesday, February 17 to discuss efforts to make America the world leader in sustainable energy production and methods for mitigating the effects of severe weather. Dr. D'Couto and others will brief senior Administration officials on how the government can help spur investments that will bring new energy products and solutions to market.

Read the entire Neah Power Systems (NPWZ) Press Release athttp://www.financialnewsmedia.com/profiles/npwz.html

Dr. Chris D'Couto, President & CEO of NEAH, said, "I am honored to be invited to this prestigious event and to participate in solving one of the most pressing issues of our time. This is a generational issue and a legacy that we will leave our children and grandchildren. The leadership by the White House Business Council and Business Forward is commendable and I look forward to making our country a leader in the clean tech arena, while creating high quality jobs and offering world-class solutions. Dr. D'Couto further added, "We believe that the NEAH PowerChip® fuel cell, the Formira Hydrogen-on-demand products, and the PowerChip® battery product under development, besides offering very differentiated and cost effective solutions for off-grid power and hydrogen-on-demand, will help mitigate global warming and make our country a leader in the clean energy landscape."

In other battery, fuel cell, clean energy developments and happenings in the market: FuelCell Energy, Inc. (NASDAQ: FCEL), a global leader in the design, manufacture, operation and service of ultra‐clean, efficient and reliable fuel cell power plants, yesterday announced a contract with Cenovus Energy Inc. to complete the preliminary front-end design and engineering (pre-FEED) for siting a fuel cell system to capture CO2 from flue gas. The system would be at an existing 14 megawatt natural gas-fired co-generation facility located at the University of Calgary in Alberta, Canada.

Ballard Power Systems (NASDAQ: BLDP) last month announced that it has signed an Equipment Supply Agreement (ESA), valued at $12 million, with Guangdong Synergy Hydrogen Power Technology Co., Ltd. ("Synergy") to provide FCvelocityTM-9SSL fuel cell stacks for use in commercial buses in China. Ballard expects to deliver the stacks in 2016 and 2017. Synergy will collaborate with Dongfeng Xiangyangtouring Car Co., Ltd. ("DFAC"), which is part of Dongfeng Motor Corporation, a Chinese state-owned automobile manufacturer headquartered in Wuhan. Dongfeng Motor Corporation is the largest manufacturer of commercial vehicles in China.

Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, will welcome Congressmen Paul Tonko (D-NY) and Chris Gibson (R-NY) to a visit and full tour of Plug Power's manufacturing facilities. This tour will showcase the vertically integrated manufacturing operation in Latham, New York, and spotlight ways that Plug Power continues to lead hydrogen and fuel cell system development and manufacturing in both New York State, and the entire country. Following the tour, the Congressmen will join Plug Power CEO, Andy Marsh, for remarks to Plug Power employees and the media.

Clean Energy Fuels Corp., (NASDAQ: CLNE) recently announced that sales of Redeem™, its renewable natural gas (RNG) vehicle fuel offering, more than doubled in 2015 to 50 million gasoline gallon equivalents (GGEs) from 20 million GGEs in 2014. Redeem™ sales have expanded from Clean Energy public-access stations in California, to become the contracted fuel choice of customers like UPS, Republic Services, the City of Santa Monica's Big Blue Bus, the University of California San Diego and others. Sales of Redeem™ also have recently expanded into Oregon and Texas. Clean Energy launched Redeem™ in 2013 and has rapidly increased sales as more fleets want to realize the significant reduction in greenhouse gas (GHG) that Redeem™ offers as compared to diesel fuel.

The battery that keeps on going and going is now being recognized by consumers for helping the planet do the same. After a vote of 40,000 consumers, Energizer Holdings, Inc. (NYSE: ENR), a worldwide energy and battery leader, has been named Product of the Year's first-ever Sustainability winner for its most recent innovation, Energizer® EcoAdvanced® batteries. Energizer EcoAdvanced is the world's first AA battery made with 4 percent recycled batteries. The breakthrough product is also Energizer's highest-performing alkaline battery, powering consumers' most critical devices while creating less impact on the planet.

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