Latham

Global exploration success in 2018 reflected a disciplined capital approach that is likely to continue this year, with many of the leading prospects not only conventional, with many in deepwater, but also weighted to natural gas.

Hostilities have climbed further in the once-friendly merger of Energy Transfer Equity LP (ETE) and the Williams Companies Inc. as the latter announced another lawsuit against its now-retreating suitor.

Hostilities have climbed further in the once-friendly merger of Energy Transfer Equity LP (ETE) and the Williams Companies Inc. as the latter announced another lawsuit against its now-retreating suitor.

Plug Power Inc.’s first demonstration using a gas-fired fuelcell to power a home was declared a success by the company. Thehome in Latham, NY, was converted to gas from pure hydrogen inAugust without a glitch. The house is equipped with Plug Power’sfuel cell stack, a power conditioner and gas fuel processor.”Powering a house with electricity from a natural gas fuel cellsystem is an important first for Plug Power and for the fuel cellindustry,” said Gary Mittleman, Plug Power’s CEO. Plug Power plansto make its fuel cell systems available beginning in 2001 through ajoint venture with GE MicroGen, a subsidiary of GE Power Systems.The typical 7-10 kW units are expected to cost $3,000-$5,000 by2003. They will have a 17-year life span. The Plug Power systemreceives fuel from a home’s existing gas line or propane tank,converts the fuel into a hydrogen-rich stream and then combines itwith oxygen from the air in a chemical reaction that produceselectric power.

General Electric (GE) announced Thursday it has entered into ajoint venture with Plug Power, a Latham NY-based company dedicatedto the development and manufacturing of fuel cells, to market fuelcells worldwide. Terms of the transaction were not disclosed. Thetwo companies will combine efforts to form a new company called GEFuel Cell Systems. GE will own 75% of the new company, with PlugPower owning the rest. GE also acquired 10% of Plug Power ownershipin the deal.