Photo Release -- U.S. Senator Blumenthal Expresses Industry Support in Visit to FuelCell Energy
January 12 2015 - 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, today announced a recent visit by
United States Senator Richard Blumenthal to the Company's North
American manufacturing facility in Torrington, Connecticut, where
he expressed his support for Federal programs that promote the
adoption of clean power generation in a manner that fosters
domestic job creation.
"Connecticut is the fuel cell capital of the world, with
companies like FuelCell Energy leading the way. Key tax incentives
like the Investment Tax Credit make it possible for local companies
like FuelCell Energy to produce ultra-clean and efficient energy
that can compete with outdated and dirty technologies. Congress
needs to get out of the unfortunate habit of governing by crisis.
We need to act now—not at the last minute—to provide companies the
certainty they need to succeed," said Senator Richard
Blumenthal.
Senator Blumenthal is encouraging the more rapid adoption of
clean distributed power generation by working to extend the
existing 30 percent Federal Investment Tax Credit beyond its
current expiration date of December 31, 2016 and evaluating renewal
of other expired energy-related tax credits.
"Our high efficiency fuel cell power plants reflect the
confluence of energy, economic and environmental policies by
domestically manufacturing clean distributed power generation that
enhances energy security," said Chip Bottone, Chief Executive
Officer, FuelCell Energy, Inc. "Continuation of the Federal
Investment Tax Credit supports the adoption of our solutions as
project investors in our multi-megawatt installations require
certainty about economic returns and longer term programs provide
this needed assurance."
Earlier this month, Senator Blumenthal expressed his support for
extending energy tax credits at the future site of a utility owned
renewable energy park consisting of a FuelCell Energy power plant
and a solar array in Bridgeport, Connecticut. Bridgeport Mayor
Finch also spoke, explaining how clean distributed power generation
supports economic policy through job creation while improving the
environment and enhancing the resiliency of energy supply. Click
here for City of Bridgeport press release.
Fuel cell power plants generate electricity and heat cleanly and
efficiently. Utilizing an electro-chemical process, power is
generated in a manner that is virtually absent of criteria
pollutants including nitrogen oxide (NOx) that causes smog, sulfur
dioxide (SOx) that contributes to acid rain, and particulate matter
(PM10) that can aggravate asthma. Additionally, the high efficiency
of the power generation minimizes carbon emissions.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=29966
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 three
billion kilowatt hours of ultra-clean power using a variety of
fuels including clean natural gas as well as renewable biogas from
wastewater treatment and food processing. 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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