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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells -- Ignore unavailable to you. Want to Upgrade?

To: david jung who wrote (3219)	10/27/1998 9:03:00 AM
From: LaVerne E. Olney	Read Replies (1) \| Respond to of 5827

Ballard teams with McDermott for Navy contract. biz.yahoo.com Tuesday October 27, 8:16 am Eastern Time Company Press Release McDermott Technology, Inc. Wins Navy Fuel-Cell Contract ALLIANCE, Ohio--(AutomotiveWire)--Oct. 27, 1998--The Office of Naval Research and The Naval Sea Systems Command have selected McDermott Technology, Inc. (MTI) to help develop a new form of power generation - known as fuel cells - for shipboard applications. Fuel cells use hydrogen to produce electricity by an electrochemical reaction and release near zero pollutants. McDermott Technology's Research & Development Division in Alliance, Ohio, was one of two recipients of awards by the U.S. Navy to develop a Ship Service Fuel Cell (SSFC) generator. The two-phase, three-year SSFC program will support the Navy's evaluation of fuel cells for shipboard power. MTI is teamed with fellow McDermott subsidiary BWX Technologies, independent fuel cell supplier Ballard Power Systems, and naval architect Gibbs & Cox. During the 12-month, $3 million Phase I, this team will design a 2.5-megawatt SSFC power plant in which key subsystems (fuel reformer, fuel cells, and gas purifier) will be demonstrated in subscale units. The Navy will select one vendor to complete Phase II, featuring design and construction of a 500-kilowatt SSFC power plant for at-sea demonstration. More than $1 million of Phase I will be the development of a critical naval distillate fuel reformer performed at the MTI research facility in Alliance. This processing component is key to integrating fuel cells into the Navy without the need to change its fuel supply infrastructure. MTI will be drawing on extensive prior experience, specifically its work with the U.S. Defense Advanced Research Projects Agency (DARPA) and the U.S. Army Research Office, to develop fuel cell power plants operating on liquid logistic fuel for mobile power applications. The 2.5-megawatt SSFC power plant conceptual design effort will be led by the Naval Nuclear Fuel Division of BWXT in Lynchburg, Virginia. This design effort will result in estimates of the size, weight, efficiency, reliability, and transient response capabilities of the SSFC power plant. Overall program management will be supplied by BWXT. Ballard Power Systems, a leading developer of proton-exchange membrane (PEM) fuel cell technology, will supply the fuel cells. PEM-based fuel cells operate at low temperature (80 degrees C) and have already been the focus of many power plant projects within the stationary and transportation industries - notably Ford and Daimler-Benz automobile programs. Additionally, several studies by the U.S. Navy and others have identified PEM cells as a viable choice for near-term shipboard and transportation applications. ''In parallel with Ballard pioneering PEM fuel cell technology,'' says Rob Privette, business development specialist at MTI, ''we've developed heavy hydrocarbon reforming technology to allow efficient processing of military logistic fuels for use with fuel cells. We expect that these complementary technologies can be combined for a break-through in power plant technology and design.'' McDermott Technology, Inc. and BWX Technologies are operating units of McDermott International, Inc. (NYSE:MDR - news), a leading worldwide energy services company. McDermott and its subsidiaries manufacture steam-generating equipment, environmental equipment, and products for the U.S. government. They also provide engineering and construction services to industrial, utility, and hydrocarbon processing facilities, and to the offshore oil and natural gas industries. McDermott Technology, Inc. is located on the World Wide Web at (http://www.mtiresearch.com).