FuelCell Energy Awarded $6.4 Million DOE Contract for Continued SOFC Power Plant Development

11 Oct 2013

FuelCell Energy 2013FuelCell Energy, Inc. (Nasdaq:FCEL), has signed a $6.4 million cost shared cooperative agreement with the U.S. Department of Energy (DOE) to continue research and development on a demonstration sub-megawatt SOFC power plant.

"We have a multi-faceted strategy for the commercialisation of our solid oxide fuel cell technology including future coal syngas opportunities under a U.S. Department of Energy program as well as adjacent market opportunities to our existing markets including sub megawatt commercial building and wastewater treatment plant applications," said Chip Bottone, President and Chief Executive Officer. "We are evaluating potential partnerships for the commercialisation of the technology including discussions with organisations in North America, Asia and Europe."

"We believe our technology is well suited for the market with industry-leading electrical efficiency of approximately 60 percent plus usable heat for combined heat and power applications, resulting in total estimated efficiency between 80 and 85 percent. The technology is also fuel flexible, with the ability to utilise coal syngas, clean natural gas, on-site renewable biogas or directed biogas," said Tony Leo, Vice President Application Engineering & Advanced Technology Development, FuelCell Energy, Inc. "We have increased the size and power density of the individual fuel cells, which is critical to high volume manufacturing of an economically competitive product as we enhance the technology and prepare for commercialisation."

"Our customer research on sub-megawatt applications reinforces the value of combined heat and power configurations which use the same unit of fuel to generate both electricity and heat. This supports economics and sustainability initiatives by reducing usage of combustion based boilers and their associated pollutants and greenhouse gases," continued Mr. Leo.

The objective of the DOE award is the demonstration of a sub-megawatt solid oxide fuel cell power plant configured for combined heat & power (CHP) output and connected to the electric grid at FuelCell Energy's Danbury, Connecticut facility. SOFC systems operating on coal syngas, natural gas or biogas can generate clean power with virtually zero pollutants and significant reductions in greenhouse gas emissions, particularly when configured for combined heat and power. The term of the award is 18 months.


Source: FuelCell Energy


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