FuelCell Energy Advances Solid Oxide Fuel Cell Commercialization
October 20 2016 - 8:30AM
FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in the
design, manufacture, operation and service of ultra‐clean,
efficient and reliable fuel cell power plants, announced the
execution of a $3.0 million cost-share contract with the U.S.
Department of Energy (DOE) which will advance the commercialization
of solid oxide fuel cell (SOFC) technology for ultra clean, high
efficiency power generation applications. This contract will
be added to the Advanced Technology backlog for the fourth quarter
of 2016.
Advancing the reliability, robustness, and endurance of low-cost
SOFC technology is consistent with the DOE mission of enabling low
cost and low carbon transformative power generation
technologies. This award further advances the technology
toward its near term deployment in sub-megawatt on-site power
generation applications.
“We have industry-leading electrical efficiency, as well as fuel
flexibility and combined heat and power capabilities for our
sub-megawatt solid oxide solution that will be delivered in an
affordable manner to meet the needs of the marketplace,” said Chip
Bottone, Chief Executive Officer, FuelCell Energy, Inc. “We
anticipate announcing our first demonstration site in the coming
months as development of the complete solid oxide fuel cell power
plant nears finalization.”
Previously, the DOE awarded a contract for FuelCell Energy to
install and operate a 400 kilowatt SOFC system located at a host
site and connected to the electric grid. Design of the
system, consisting of two 200 kilowatt power plants, is nearing
completion and a first prototype is under construction.
FuelCell Energy and the DOE are evaluating the most appropriate
location for the project.
“While the initial demonstration site is expected to operate on
natural gas, we have a fuel flexible solution that can also utilize
on-site biogas or directed biogas, which is applicable to a broad
range of sub-megawatt applications globally,” continued Mr.
Bottone.
FuelCell Energy’s SOFC technology generates industry-leading
electrical efficiency of approximately 60 percent plus usable heat
for combined heat and power applications, resulting in total
estimated thermal efficiency between 80 and 85 percent. The
technology is fuel flexible, with the ability to utilize coal
syngas, clean natural gas, on-site renewable biogas or directed
biogas. Fuel cells electrochemically convert a fuel source into
electricity and heat in a highly efficient process that emits
virtually no pollutants due to the absence of combustion.
About FuelCell EnergyDirect FuelCell® power
plants are generating ultra-clean, efficient and reliable power on
three continents, affordably providing continuous distributed power
generation to a variety of industries including utilities,
commercial and municipal customers. The Company’s power
plants have generated billions of kilowatt hours of ultra-clean
power using a wide variety of fuels including renewable biogas from
wastewater treatment and food processing, as well as clean natural
gas. For additional information, please visit
www.fuelcellenergy.com and follow us on Twitter.
Direct FuelCell, DFC, DFC/T, DFC-H2, DFC-ERG and FuelCell Energy
logo are all registered trademarks of FuelCell Energy, Inc.
Contact:
FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com
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