FuelCell Energy and Fraunhofer IKTS to Jointly Market MCFC in Europe

23 Feb 2012

DFC3000

Connecticut-based molten carbonate fuel cell manufacturer FuelCell Energy has signed a memorandum of understanding with the German Fraunhofer Institute for Ceramic Technologies and Systems (IKTS) to form a joint venture based in Germany. There is an increasing demand for clean and decentralised power generation across Europe and the joint venture will aim to meet this demand through the provision of Direct FuelCell® MCFC fed with natural gas or renewable biogas.

FuelCell Energy will lead market development and servicing efforts for Direct FuelCell power plants as well as support for existing carbonate fuel cell power plants already operating in Europe. Fraunhofer IKTS will contribute research & development resources for enhancing DFC technology and use local knowledge and relationships to assist in market development. FuelCell Energy has established a legal entity in Germany for the joint venture and will retain majority ownership.

"Fraunhofer IKTS brings world-renowned applied research expertise and a vast network of relationships that will help to develop and grow a stationary fuel cell market in Germany, which will then provide a platform for expansion throughout Europe," said Chip Bottone, President and Chief Executive Officer for FuelCell Energy, Inc. "We expect that the combination of complementary knowledge and skill sets of fuel cell technology between our respective organizations is going to be very powerful for further enhancing the performance of Direct FuelCell power plants."

This development follows a previous European partnership announcement with Spanish Abengoa and is the latest in a series of strategic partnerships with distributors/integrators in markets with strong potential for large-scale fuel cell adoption. Through its partnership with utility POSCO Power the company will be installing a 60 MW power plant in South Korea where the government has set stringent targets for adoption of new and renewable energies – 10% of total energy generation by 2022 – including favourable tariffs for fuel cells; the plant is expected to be in place by the end of next year.


Industry Directory: FuelCell Energy

Industry Directory: Fraunhofer Institut - IKTS

ShareThis

© Johnson Matthey Plc 2018