GEI Administration Control Panel


GEI Global Energy Corp. Announces Partnership for Italy Fuel Cell Deployment

July 2014

http://online.wsj.com/article/PR-CO-20140709-904025.html

GEI Global Energy Corp. (OTCBB:GEIG), a fuel cell electric power generation company, announced the JV partnership execution with the Italian firm Associazione Italiana per lo Sviluppo Economico (AISVEC) to leverage the expanding global natural gas supply infrastructure to deploy its fuel efficient electric power generation devices within Italy and Europe.

Alessio Montanarini, AISVEC Vice President, states: "The competitive advantage of the GEI hybrid fuel cell electric power generation technology will address the paramount need to decrease the high energy costs in Europe, whose market amounts to 500 million people. Initially, the partnership will focus on the Italian market and later on Europe, the Balkans and CIS countries, addressing the 3000 public authorities and private companies connected to AISVEC. To this end, AISVEC is negotiating with governmental authorities in Central and Eastern Europe with regards to fuel supply, power requirements, and economic development".

"The GEI goal is to remove the fuel infrastructure as a commercialization barrier, and to provide the GEI hybrid fuel cell electric power generation technology to large scale potential consumers and thereby lowering manufacturing costs", stated Dr. K. J. Berry, GEI Chairman and CEO. "The partnership between the two firms will enable European companies to install the GEI hybrid fuel cell cogeneration power system, and take advantage of the new EU Policy on Climate Change. Also, companies will be able to leverage the large scale methane and natural gas infrastructure system presently in Italy and the rest of Europe to become grid independent", concluded Berry.

A pilot plant and technology showcase will launch in October 2014 providing over 6,000 kW-hr per month of combined heat and power (CHP) to a small municipality in Northern Italy. The partnership will focus on clean, efficient and environmentally friendly electric power systems within public owned buildings, shopping malls, commercial real estate, and industries.

About AISVEC

AISVEC is an Italian economic association with a worldwide presence, supporting public authorities and private enterprises with easy access to credit facilities, investments, lobbying and bilateral agreements with foreign authorities and/or private partners.

About GEI Global Energy Corp.

GEI Global Energy Corp is a fuel cell electrical power generation company leveraging a menu of novel and innovative fuel cell power systems technologies to provide clean and inexpensive energy solutions for developing economies.

For more information regarding GEI GLOBAL's vision for an energy secure future, please click on the following video link: http://private.geiglobal.com/wp-content/uploads/2013/06/who-is-gei5.mp4

Safe Harbor Statement

This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2012 and beyond could differ materially from the Company's current expectations. Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events.

Factors that could cause the Company's results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company's products and services, the frequency, magnitude and timing of paper and other raw-material-price changes, general business and economic conditions beyond the Company's control, timing of the completion and integration of acquisitions, the consequences of competitive factors in the marketplace including the ability to attract and retain customers, results of continuous improvement and other cost-containment strategies, and the Company's success in attracting and retaining key personnel. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information, since these statements may no longer be accurate or timely.

You are here: Home innovation
  • Decrease font size
  • Default font size
  • Increase font size
  • default color
  • green color
  • blue color
The News
Innovation Print E-mail

Fuel cells have several advantages over current energy producing technologies. They are efficient, environmentally benign, fuel flexible, modular, scalable, have low and easy maintenance, and are adaptable to specialized applications. Fuel cells can also be “stacked” to produce voltage levels that match specific power needs for a wide variety of uses. As such, fuel cells offer one of the most promising technologies for delivering clean and efficient power for automotive, industrial, residential and consumer applications. While many technical and engineering challenges remain, fuel cells hold the potential to provide major environmental, energy and economic benefits that advance critical national environmental goals. Widespread use of fuel cells may hold the answers to some of our most significant energy shortage challenges for the future and could mark a historical turning point, reducing dependence on fossil fuels, improving the environment, and creating a sustainable and energy secure hydrogen-driven economy.

Fuel Cell Commercialization Barriers

Although significant financial resources have been invested in fuel cell technology over the last few years, the following are typically agreed to as primary barriers to mass market commercialization. They are:

1. Lack of a hydrogen infrastructure for fuel storage and distribution.
2. Cost of ownership due to use of precious metals for fuel cell membranes.
3. Lack of large volume applications to minimize both membrane and component cost, and overall manufacturing cost, and;
4. Lack of robust fuel cell power system design that is flexible and adaptable to the varying needs of the user and minimizes engineering cost for use with multiple applications with different power requirements.

GEI's Commercialization Strategy

Global Energy Innovations (GEI) is part of the Fuel Cell and Sustainable/Alternative Energy industry and has a target market that includes portable and on-board fuel cell power generation applications requiring efficient, clean, near-zero emissions, and silent operations in the 2kW to 10kW nominal power range.

GEI's competitive strategy is the economical processing of hydrogen from locally available logistics fuels combined with flexible, adaptable, and reconfigurable power electronics. This strategy provides a pathway to large volume commercialization of fuel cell power systems. Our innovative technology is customer centric and is driven by a commercialization reality that provides opportunities for the rapid integration of fuel cell power systems for markets typically restricted by the lack of a hydrogen infrastructure and allows for a common fuel cell architecture accross multiple application areas. This "Blue Ocean"strategy is fundamental to GEI's success.

GEI Commercial Pathways

The ability to extract hydrogen economically from locally available logistic fuels provides commercialization pathways into application markets traditionally unavailable to fuel cell power systems due to cost and the lack of a hydrogen infrastructure. The graphic below shows the commercialization pathways for the GEI X5 high temperature fuel cell APU with adaptable and reconfigurable power electronics.

orange_truck__w_apps

 

 

OTC:QB GEIG

Yahoo Finance Chart
  • GEIG : 0.0025
    (-0.0002 - -7.41%)

Polls

Student Poll: What area are you most interested in?