UPDATE -- FuelCell Energy Announces Fuel Cell Project with NRG Energy Center Pittsburgh
August 28 2017 - 7:00PM
FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in
delivering clean, innovative and affordable fuel cell solutions for
the supply, recovery, and storage of energy, today announced that
the NRG Energy Center in Pittsburgh, Pennsylvania, owned by NRG
Yield, will host a fuel cell power plant under a previously
awarded U.S. Department of Energy contract. The power plant
will deliver energy to the NRG Yield facility, which provides
heating and cooling for more than six million square feet of
commercial and residential facilities in downtown Pittsburgh.
NRG Energy Center Pittsburgh is owned by NRG Yield.
According to NRG Energy Center Pittsburgh General Manager Cliff
Blashford, “This project supports NRG Yield’s focus on identifying
and integrating energy solutions that seek to improve efficiency,
lower fuel consumption and costs, and reduce our environmental
footprint. We’re pleased to participate, and to support Mayor
Peduto’s vision of a smarter, cleaner and more innovative energy
future for Pittsburgh.”
“We are leveraging our commercial experience with this new
solution, including industry leading electrical efficiency plus
thermal capabilities packaged in a design that installs quickly,”
said Chip Bottone, President and Chief Executive Officer, FuelCell
Energy. “While this application in Pittsburgh will be a
demonstration of the use of our solid oxide fuel cell platform for
efficient power generation, this common cell platform is also being
used in other programs as the basis for our energy storage
technology, whereby the cells alternate between electrolysis and
fuel cell operation, producing hydrogen during electrolysis mode
which is later used to make power in fuel cell mode.”
FuelCell Energy’s SOFC power generation 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 fuel cell plant hosted at the NRG facility will
operate solely on clean natural gas, although the technology is
fuel flexible, with the ability to utilize coal syngas, 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.
Cautionary Language This news release
contains forward-looking statements within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, including, without limitation, statements with respect to
FuelCell’s expectations regarding the commercialization of
cost-effective and clean long-duration energy storage, the
development of FuelCell Energy’s advanced solid oxide cell
technology capable of alternating between electrolysis and fuel
cell power generation mode in an energy storage application, the
affordability of extended duration energy storage and other
statements that are not purely statements of historical fact. These
forward-looking statements are made on the basis of the current
beliefs, expectations and assumptions of the management of FuelCell
and are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and FuelCell undertakes no obligation to
update or revise these statements, whether as a result of new
information, future events or otherwise. Although FuelCell believes
that the expectations reflected in these forward-looking statements
are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially
from what may be expressed or implied in these forward-looking
statements. For a further discussion of risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks
relating to the business of FuelCell in general, see the risk
disclosures in FuelCell’s filings with the Securities and Exchange
Commission.
About FuelCell EnergyFuelCell Energy
(NASDAQ:FCEL) delivers efficient, affordable and clean solutions
for the supply, recovery and storage of energy. We design,
manufacture, undertake project development, install, operate and
maintain megawatt-scale fuel cell systems, serving utilities,
industrial and large municipal power users with solutions that
include both utility-scale and on-site power generation, carbon
capture, local hydrogen production for transportation and industry,
and long duration energy storage. With SureSource™
installations on three continents and millions of megawatt hours of
ultra-clean power produced, FuelCell Energy is a global leader with
environmentally responsible power solutions. Visit us online
at www.fuelcellenergy.com and follow us on Twitter
@FuelCell_Energy
About NRG Yield NRG Yield owns a diversified
portfolio of contracted renewable and conventional generation and
thermal infrastructure assets in the United States, including
fossil fuel, solar and wind power generation facilities that have
the capacity to support more than two million American homes and
businesses. Our thermal infrastructure assets provide steam, hot
and/or chilled water, and in some instances electricity, to
commercial businesses, universities, hospitals and governmental
units in multiple locations. NRG Yield’s Class C and Class A common
stock are traded on the New York Stock Exchange under the symbols
NYLD and NYLD.A, respectively.
SureSource, SureSource 1500, SureSource 3000, SureSource 4000,
SureSource Recovery, SureSource Capture, SureSource Hydrogen,
SureSource Storage, SureSource Service, SureSource Capital,
FuelCell Energy, and FuelCell Energy logo are all trademarks of
FuelCell Energy, Inc.
Source: FuelCell Energy
Contact:
FuelCell Energy
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com
NRG
David Gaier, Spokesman
609-524-4529
david.gaier@nrg.com
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