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2010 a bust for fuel cell industry

By / December 29, 2010

Greentech Media has published a year-end list of profitable and unprofitable fuel cell firms. The real kicker is that the “profitable” list contains no entries. Taken directly from Greentech Media’s list: FuelCell Energy (Nasdaq:FCEL) reported revenue of $69.8 million in 2010 compared to $88.0 million for the comparable prior year. Net loss for the year…

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DOE pumping $42 million into fuel cells

By / April 15, 2009

DOE Secretary Steven Chu announced today that it would target $41.9 million in American Recovery and Reinvestment Act funding for fuel cell development. The money will be doled out to 12 companies for 14 projects in 10 states (see below). Some of the funding is to subsidize the purchase of fuel cell vehicles (by companies…

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