New England Energy & Environmental Funders

Infinity Fuel Cells: Regenerative Fuel Cells from the Ground Up

National Co-Hosts:
Cleantech Venture Network LLC
Investors Circle
Environmental Capital Network (ECN)

Hosting Sponsor:
Nixon Peabody

Register now for the June 18, 2004 Meeting

The Center for Economic and Environmental Partnership, Inc., will sponsor the meeting New England Energy & Environmental Funders on Friday, June 18, 2004.

William (Bill) Smith, President , will describe Infinity Fuel Cells’ concentration on regenerative fuel cells, which are made with its proprietary open architecture, using components (i.e. fuel cells, hydrogen generators, renewable energy generators and hydrogen storage tanks) developed by other companies. Infinity’s regenerative fuel cells use electricity generated by renewable energy sources, e.g. solar, wind, biomass, to produce hydrogen from water through an electrolysis process. The hydrogen is then stored and used to generate electricity when the renewable energy source is not generating.

Infinity is developing proprietary technologies in addition to integrating other technologies. They are driving the units toward simpler systems, with lower balance of plant costs. Their systems are designed to be completely independent of the type of renewable power they use. Functionally they operate like a battery, but offer the ability to store large amounts of energy, as hydrogen, at low cost, without self-discharge or depth of discharge limitations. Infinity is currently raising $2 million dollars, which they expect will take them through initial development. Once they have funding in place, they will have a prototype in the field in nine months and can then go to commercial production in two years.

Date: Friday, June 18, 2004

Time: 8:00 am - 10:00 am

Location: Nixon Peabody LLP (directions, nearby stations & parking arrangements)

100 Summer Street
Boston, MA 02110
617-345-1000

Host: Nixon Peabody LLP
(www.nixonpeabody.com)

Agenda:
8:00 to 8:30 –Networking with Members and Introductions
8:30 to 9:00 – Presentation by William Smith, Infinity Fuel Cell
9:00 to 9:30 – Presentation by Alfred Meyer, Fuel Cell Consultant
9:30 to 10:00 – Networking

Cost: $50 if you pre-register. Cash or checks (payable to CEEP) accepted. Must register or cancel by 4pm the previous day. No shows will be invoiced.

$60 if you pay at the door.

See below for Annual Registration opportunities and other important conditions.

Bios:

William Smith is the founder of Infinity Fuel Cell and Hydrogen, LLC, a Backup Power - Regenerative Fuel Cell company. He is also one of the co-founders of Proton Energy Systems, a PEM products company. From Proton's first backyard organizing meetings in 1994 Proton has grown to become a public company with over 100 employees, revenue of over $20 million/yr, $80 million in cash and a market capitalization of over $100 million. At Proton, Bill was instrumental in creating Proton's initial company concept, recruiting several members of the founding team and leading initial sales, marketing and business development activities. He served as Proton’s Vice President of Business Development since the company’s formal inception in 1996 until leaving to start Infinity in 2002. Since 2002 Proton has grown to include wind and solar products and is now known as Distributed Energy Systems Corp. While at Proton, Bill served on the National Hydrogen Association Board of Directors as a small business representative.

From 1986 to 1996, Bill led various business development activities for advanced PEM products at the Hamilton Sundstrand Division of United Technologies Corporation. These included PEM products for commercial, military and NASA applications such as oxygen generators, hydrogen generators and regenerative fuel cells. Prior to joining United Technologies Mr. Smith was responsible for business development and proposals for advanced large optical systems at Perkin-Elmer in Norwalk, CT. He holds numerous patents in the field of PEM technology and actively publishes in the field. Mr. Smith received his undergraduate degree in Physics from the University of Connecticut, and an MBA from the University of Massachusetts.

Alfred Meyer’s career in the business of fuel cells spans 42 years. Introduced to fuel cells at Pratt & Whitney Aircraft, he was a member of the Apollo fuel cell development team. He went on to manage the development of a variety of new technologies for use in the fuel cell systems. These include the low temperature cell technology that now flies aboard the Space Shuttle Orbiter; UTC’s first efforts to generate hydrogen from military, commercial and industrial fuels such as JP-8, diesel fuel, No.2 oil and coal liquids; and, molten carbonate and solid oxide fuel cells. He was responsible for transferring to UTC the PEM fuel cell technology it purchased from General Electric Corporation. He founded UTC’s automotive fuel cell business based on this technology. He established business relationships between UTC and Ford Motor Company, Daimler, Volkswagen, BMW, MAN, GM and others for development of products for both propulsion and auxiliary power systems. He now consultants in the areas of fuel cell applications and business.

Advisory Board:

Michelle Brauner, Vice President, EIF Group
David Miller, MIT Laboratory for Energy and Environment
Dan Goldman, New Energy Capital, LLC
Dan Moon, President, Environmental Business Council of New England
Keith Raab, Cleantech Venture Network LLC
Ira Rubenstein, Chairman, Center for Economic and Environmental Partnership, Inc.
Bob Shatten, President, Super Cool Corp
David Stead, Executive Director, Energy & Environmental Capital Network
Gelvin Stevenson, Ph.D., Program Director, Financial Markets Education, Center for Economic and Environmental Partnership, Inc.
David Wigder, Director, Zograph Corporation

Formed in March 2003, New England Energy & Environmental Funders (NEE&EF) is a joint service of the Energy & Environmental Capital Network (ECN), the Environmental Business Association of New York State, Inc. (EBA/NYS), Investors Circle and Cleantech Venture Network LLC (Cleantech). NEE&EF provides networking, information, and other services to investors interested in energy and environmental companies. NEE&EF activities are produced by the Center for Economic and Environmental Partnership, Inc. (CEEP) in furtherance of its educational mission. CEEP also produces the New York Energy & Environmental Funders breakfasts in New York City, the second Friday of every month except August.

New England Energy & Environmental Funders Pricing Policy

1. Cost, with pre-registration up to 4pm the day before the meeting: $50.
2. No-shows will be invoiced.
3. Cancellations allowed until 4pm the day before the meeting.
4. Cost, with registration at the door the day of the meeting: $60.
5. All paid registrants will be emailed any information made available electronically for that meeting.
6. An Annual Registration for NEE&EF can be purchased for $400. It will provide admittance to all 11 regularly scheduled meetings held during a 12-month period.
7. Annual registrants will be emailed any information made available electronically for any of the 11 regularly scheduled meetings covered by their annual registration.

Click here to go to the Center for Economic and Environmental Partnership, Inc. home page.

For directions to Nixon Peabody, click here.

Thank you, and we look forward to seeing you at the next New England Energy & Environmental Funders meeting.