Plug Power CEO Talks About His Company

 

Plug Power CEO Talks About His Company
Posted on Aug 30th, 2006 with stocks: PLUG

Excerpt from The Wall Street Transcript's August 7 interview with Plug
Power (PLUG) CEO Roger Saillant:


TWST: What is Plug Power today? What have been some of the more recent,
significant milestones or transitions that have come into play?

Dr. Saillant: Plug Power is a fuel cell company located in Latham, New
York. We went public in 1999. We have been working on what we would
consider a series of products that will eventually get us into the mass
residential fuel cell market. However, along the way, we have been very
focused on value propositions for products that could enter the market
now.

One of those products is GenCore', a premium battery backup replacement
for the telecommunications industry. Actually, we have been selling
this product into the market for about two years. The market adoption
has many hurdles to it. For example, we have to be certified by various
government and public agencies and we have to be able to pass internal
testing requirements for the telecommunications industry. We are moving
along with relationships in various stages of development with at least
the nine top telecommunications companies in the world; we are trying
to enter it from a global front.

I think that the most significant event that has happened to us in the
past six to 12 months has been a large infusion of cash from Russia
through an investment vehicle called Smart Hydrogen, which is backed up
by money from Interros and Norilsk Nickel. They are investing with
about a 35% ownership in our company to help commercialize some of the
technologies in Russia and also to introduce our products into the
Russian market. Based on their evaluation around the world, they think
that we are one of, if not the leading stationary fuel cell company in
the world. That is why they are making their investment.

TWST: What is the agenda at this point? What are your priorities for
the next six to 12 months?

Dr. Saillant: My priorities never change; it is finding the shortest
path to profitability. To do that, I am trying to reduce system cost
and improve system reliability. And that means engaging the marketing
people to understand what designs will sell, and engaging our sales
force in order to promote sales in the most aggressive and reasonable
way we can in the various markets throughout the world. My stated
milestone for this year has been that we will sell somewhere between
500 and 650 fuel cell systems this year. We are on track to do that,
and there is no reason to reduce my confidence.

 

On alt.energy.homepower, in

<article not downloaded:
http://slrn.sourceforge.net/docs/README.offline>


Not here he doesn't.

You are clearly a fanatic (or a paid spammer), and not to be
trusted.

And technologically ignorant on top of that.

Alan

--
http://home.earthlink.net/~alanconnor/contact.html
http://home.earthlink.net/~alanconnor/survival/index.html
http://home.earthlink.net/~alanconnor/linux-unix/index.html

 



lkgeo1 wrote:


Irrelevant SPAM not relating to home power.

Graham

 

PLUG Power GenSys 5P
The Plug Power GenSys 5P fuel cell is a fully integrated 5kW PEM fuel
cell system specifically designed to supply a wide range of residential
and small commercial applications with baseload power (and heat). This
application, which requires a continual supply of electrical energy,
commonly relies on fossil fuels reformed into a source of hydrogen.
While the GenSys technology platform can be powered by either natural
gas or LPG, the system being evaluated by the Center operates on LPG.
The GenSys 5P fuel cell system provides an alternative to standard
utility grid power, potentially offering a greater energy security with
zero emissions. At this time, the technology is not particularly well
suited for residential and small commercial due to low durability of
the PEM technology and due to the high reliability and low-cost of
utility-supplied energy. Plug Power provides a 1500 hour operating life
warranty for the GenSys product, well below the desired mean time to
stack failure of 40,000 hours anticipated to be demanded by the market
for this application.

The system under test is located at Verstandig Green House in Selkirk,
New York, where it is providing both electrical and thermal energy for
the operation. The unit is physically located outside the greenhouse
and is exposed to outdoor weather conditions. The Center is remotely
monitoring the performance with a Remote Testing Unit (RTU) with data
download to the Center by modem. The fuel cell is connected to the
utility grid and can be set to produce AC power at 2.5kW, 4.0 kW, and
5.0kW set points. In event of a grid failure, the unit can operate in
stand-alone mode and continue to provide uninterrupted power to a
critical load panel. In addition to the electrical output from the
device, the green house is capturing waste heat, allowing the Center to
evaluate the total efficiency of the unit in combined heat and power
applications.

The Center began monitoring the unit when it was first commissioned in
mid January of 2004 and we intend to continue monitoring the unit for
at least 12 months. The Center is particularly interested in comparing
the unit to results obtained previously on the earlier SU-1 generation
tested at the Center in 2002-2003.

Related Documents   Technical Bulletin TB-09-001: Set Up & Remote
Monitoring 12/29/2004 415 KB
  Technical Bulletin TB-09-002: Overall System Performance 12/29/2004
27 KB
  Efficiency for GenSys 5P 8/30/2004 17 KB
  RTU Weekly Summary 8/30/2004 37 KB
Photographs
[Hide Descriptions]
 The Plug Power GenSys 5P was installed next to the Verstandigs Farm in
Selkirk, NY. HARC installed its remote telemetry unit next to the fuel
cell system for remotely monitoring the performance data. The fuel cell
system is providing both electrical and thermal energy (CHP capability
allows the waste heat to be recovered from the fuel cell system and use
to enhance the existing domestic hot water and space heating systems).
In event of a grid failure, the unit can operate in stand-alone mode
and continue to provide uninterrupted power to a critical load panel.
In addition to the electrical output from the device, the green house
is capturing waste heat, allowing the Center to evaluate the total
efficiency of the unit in combined heat and power applications.

 HARC's installed its remote telemetry unit to monitor Plug Power
GenSys 5P system in the month of January 2004. The task was difficult
as electrical and plumbing connections had to be made in sub-zero
temperatures. And specially when there is a Snowman around!Sponsors
Only
There are images that only sponsors can view. Click the Sign In link at
the top right to view these images.

 Page Updated/Reviewed: 11/21/2006 6:35 AM

https://www.harc.edu/Projects/FuelCell/Reports/Equipment/FuelCell?fuelCellID 7&details=true
                     Eeyore wrote:
 > Irrelevant SPAM not relating to home power.

 

lake george wrote:

National "Best SPAM Recipe" Competition 2003
Grand Prize Winner
Connie Loewenberg

Curried Rice and SPAM

Ingredients

2 cups cooked rice
1 cup frozen peas
1 cup thinly sliced celery
4 green onions, sliced
1 (12-ounce) can SPAM® Classic, diced
1 cup mayonnaise
2 tablespoons sugar
2 tablespoons lemon juice
½ cup prepared chutney
1½ teaspoons curry powder

Cooking Directions

In large mixing bowl, combine rice, peas, celery, onions and SPAM. In
small mixing bowl, combine mayonnaise, sugar, lemon juice, chutney and
curry powder. Add to SPAM and rice mixture and stir well. Chill before
serving.