FuelCell Energy Identifies New Haven, Connecticut as Second Location in the Previously Announced 5.6 Megawatt Sale to United ...
July 28 2014 - 8:30AM
- Contract executed for 2.8 megawatt power plant in New Haven,
Connecticut
- Fuel Cell plant will supply ultra-clean baseload electricity to
UI-owned substation
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, identified New Haven, Connecticut
as the second installation site for the previously announced 5.6
megawatt (MW) in projects purchased by The United Illuminating
Company (UI), a subsidiary of UIL Holdings Corporation (NYSE:UIL).
Information regarding the projects, which consist of two 2.8 MW
DFC3000® fuel cell power plants to be installed at different sites
within the UI service territory, was released on April 30th and
identified Bridgeport as one location with the other to be named at
a later date. Now confirmed, the second power plant in New Haven
will supply electricity to a nearby UI-owned substation; providing
environmentally friendly distributed power to residents.
"This project further supports our efforts in renewable, green
energy and helps achieve our goal of providing customers with clean
safe and reliable electricity," said James P. Torgerson, President
& Chief Executive Officer, UIL Holdings Corporation.
"We are fully invested in issues affecting the environment
because it means we are investing in the future of our City," said
Toni Harp, Mayor of New Haven. "Through the generation of
ultra-clean power, produced in a highly efficient and
environmentally-friendly manner, the fuel cell installation
exemplifies the City's commitment to instituting sustainability
practices and improving the environmental integrity of New
Haven."
The power plant in New Haven will be located in the port area of
the city near an electrical substation owned by UI and will provide
continuous power to the substation. Distributed power
generation like this installation increases the power supply while
producing virtually no pollutants, have a low-noise profile, and
only modest space requirements.
"The New Haven installation will help meet the State of
Connecticut's renewable energy goals and exemplifies how our fuel
cell technology can support the utility market by providing an
easy-to-site energy solution that reduces reliance on transmission
and enhances grid resiliency," said Chip Bottone, President and
Chief Executive Officer, FuelCell Energy, Inc. "Our power
generation solutions are well-suited for utilities interested in
adding ultra-clean baseload power when and where needed within
their service territory."
The previously announced second installation will be located in
Bridgeport and will serve as part of a renewable energy park
supplying power to the electric grid. The energy park occupies
approximately 9 acres of land with the fuel cell power plant taking
only about one quarter of an acre to produce 2.8 MW of continuous
power and a 2.2 MW solar array utilizing the remaining land or
somewhat over 8.5 acres.
The continuous power to be provided by both the New Haven and
Bridgeport fuel cell plants is adequate to power approximately
5,600 homes in aggregate, and will be generated in a highly
efficient and environmentally friendly manner. FuelCell Energy
will install the power plants and operate and maintain them under
long term service agreements. Both sites are expected to be
operational in early 2015.
Multi-megawatt fuel cell installations address power generation
challenges for utilities as the combination of near-zero
pollutants, modest land-use needs, and the quiet operating nature
of fuel cell power plants facilitates their siting in urban
locations. Fuel cell parks offer a multitude of advantages for
utilities and neighboring communities, including:
- Environmentally friendly power generation with virtually
zero nitrogen oxide (NOx) that causes smog, sulfur dioxide (SOx)
that contributes to acid rain, or particulate matter (PM10) that
aggravates asthma, and the power is delivered with a low carbon
footprint
- Distributed power generation places power near where it is
used, enhancing the resiliency of the grid
- Highly efficient power generation process that is
economical
- Continuous renewable power around the clock that is not reliant
on weather or time of day
About UIL Holdings Corporation:
Headquartered in New Haven, Connecticut, UIL Holdings
Corporation (NYSE:UIL) is a diversified energy delivery company
serving more than 700,000 electric and natural gas utility
customers in 66 communities across two states, with combined total
assets of over $4 billion.
UIL is the parent company of The United Illuminating Company
(UI), The Southern Connecticut Gas Company (SCG), Connecticut
Natural Gas Corporation (CNG), and The Berkshire Gas Company
(Berkshire), each more than 100 years old. UI provides for the
transmission and delivery of electricity and other energy related
services for Connecticut's Greater New Haven and Bridgeport areas.
SCG and CNG are natural gas distribution companies that serve
customers in Connecticut, while Berkshire Gas serves natural gas
customers in western Massachusetts. UIL employs more than 1,850
people in the New England region.
About FuelCell Energy
Direct FuelCell® power plants are generating ultra-clean,
efficient and reliable power at more than 50 locations
worldwide. With more than 300 megawatts of power generation
capacity installed or in backlog, FuelCell Energy is a global
leader in providing ultra-clean baseload distributed generation to
utilities, industrial operations, universities, municipal water
treatment facilities, government installations and other customers
around the world. The Company's power plants have generated
more than 2.6 billion kilowatt hours of ultra-clean power using a
variety of fuels including renewable biogas from wastewater
treatment and food processing, as well as clean natural gas. For
more information, please visit www.fuelcellenergy.com
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Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc.
are all registered trademarks of FuelCell Energy, Inc. DFC-ERG
is a registered trademark jointly owned by Enbridge, Inc. and
FuelCell Energy, Inc.
CONTACT: FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com
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