Hydrogen Engine Center, Inc. (HEC), today announced that it has received a $179,000 CAD ($161,211 USD) order through its wholly owned Canadian subsidiary, Hydrogen Engine Center Canada, from Natural Resources Canada for a 250kW power generator or "genset."
The genset utilizes the company's new proprietary 4+1(TM) technology, which enables substantial power to be generated in a cost-effective and environmentally friendly manner.
Natural Resources Canada, an agency promoting the sustainable development and responsible use of Canada's mineral, energy, and forestry resources, will integrate this genset into a wind/hydrogen project on Ramea Island off the southern coast of Newfoundland, Canada. Electric power and hydrogen will be generated from wind energy and under slack wind conditions, hydrogen will be used to create electric power. This reduces or eliminates the need to use fossil fuels to generate electric power when the wind is not blowing, thereby reducing operating costs and making wind projects of this kind environmentally clean.
"The use of hydrogen in wind projects looks very promising for smoothing out the peaks and valleys in wind energy production," said Ted Hollinger, HEC president. "This demonstration of 4+1(TM) 250kW genset technology leads our participation in the booming wind power generation market. The use of 4+1(TM) wind/hydrogen systems is the next logical step in improving energy delivery from environmentally friendly wind systems."
The novel 4+1(TM) genset design utilizes five hydrogen-fueled 4.9 liter internal combustion engines. Four of the engines work together to produce electric power and one is kept in reserve to ensure high reliability and easy maintenance. The whole system is controlled electronically by a sophisticated and proprietary controller designed by the Hydrogen Engine Center Canada.
According to forecasts by Red Herring on March 6, 2006, wind power installations should expand worldwide from $11.8 billion USD ($13 billion CAD) in 2005 to $48.5 billion USD ($53.8 billion CAD) in 2015. "Using hydrogen to store energy in wind power systems has potential in reducing dependence on fossil fuels and reducing emissions of greenhouse gases," said Hollinger.
About Hydrogen Engine Center
Algona, Iowa based Hydrogen Engine Center, Inc. (HEC) is an innovator and leader in alternative-fuel power solutions. HEC engineers, manufactures and sells flex-fuel spark-ignited internal combustion engines for the industrial and power generation markets. HEC's world-class team of professionals includes trendsetters in mechanical and electrical engineering, design and specialty applications. The company has made several advances that can increase the durability and efficiency of today's internal-combustion industrial engine while also lowering emission outputs. HEC is located at 602 East Fair Street, Algona, IA 50511. Visit www.hydrogenenginecenter.com or call 515-295-3178 for more information.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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