Pioneering the ultra-clean energy

EREVITA Team, 29.9.2020 21:40:27

DANBURY, Conn., Sept. 29, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in fuel cell technology – with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy – announces multiple project awards by the local Connecticut electric distribution companies, Eversource and United Illuminating, totaling 11.2 megawatts, as part of the state-sponsored Shared Clean Energy Facility program. Each of the four FuelCell Energy power plants to be constructed pursuant to these awards will supply 2.8 megawatts of clean power to the Connecticut electric grid. The clean baseload power generated by each FuelCell Energy 2.8 megawatt platform is enough to power approximately 3,000 homes, or a total of 12,000 homes taking into account all four FuelCell Energy platforms, with continuous clean energy. The FuelCell Energy projects selected include: A 2.8 megawatt project located in New Britain, CT; A 2.8 megawatt project located in East Hartford, CT; A 2.8 megawatt project located in Derby, CT; and A 2.8 megawatt project located in Danbury, CT. “We are honored to be awarded all four of these bids, as these projects will further advance Connecticut’s clean energy grid transformation,” said Jason Few, President and Chief Executive Officer of FuelCell Energy, Inc. “FuelCell Energy looks forward to putting our proprietary technological capabilities to work, helping businesses and residents of Connecticut enjoy enhanced, reliable, clean, and distributed energy resources that reduce the transmission risk generally associated with centralized generation assets. The success of our bids demonstrates our platform’s ability to effectively compete on the basis of price and environmental benefits against other forms of generation, including intermittent technologies such as wind and solar.” “Our fuel cells are one of the most space-efficient, resilient megawatt-scale clean energy platforms,” added Mr. Few. “Our power plants are desirable in populous locations, due to both their environmentally friendly minimal land requirements and their clean and quiet operation. We are eager to begin work to support the four newly awarded projects, and we will set our engineering resources in motion, which utilize the expertise from our operating portfolio, including our existing facilities throughout the state of Connecticut.” The next steps in developing these projects include working with the local electric distribution utilities to finalize the power purchase agreements, obtaining siting approvals and interconnection agreements, and finalizing site engineering. These projects will provide clean baseload power, grid resiliency benefits and renewable energy credits to the Connecticut utilities under 20-year agreements. SureSource power platforms solve local distribution reliability challenges by providing clean, affordable and reliable power in populated locations where power is needed, avoiding costly transmission and substation upgrades, and reducing above ground risk associated with long distance, high voltage power lines.

EREVITA Team, 10.10.2020 08:41:26

$8 million funding award to advance the demonstration and commercialization of FuelCell Energy’s solid oxide electrolysis high efficiency hydrogen generation technology DANBURY, Conn., Oct. 09, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in fuel cell technology – with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy – announces selection by the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy, in collaboration with the Office of Nuclear Energy, for an $8.0 million funding award to support the design and manufacture of a SureSource electrolysis platform capable of producing of hydrogen. FuelCell Energy has previously demonstrated multi-stack solid oxide power generation systems at both the 50kW and 200kW output levels. This project will be the first multi-stack electrolysis system produced with the Company’s solid oxide technology. The system will be equipped with an option to receive thermal energy, thus increasing the electrolysis electrical efficiency to over 90%. Following the design, manufacture and testing of the system at FuelCell Energy’s Danbury, CT facility, the electrolysis system will be delivered to Idaho National Laboratories (INL), where it will undergo rigorous testing to confirm the electric efficiency, as well as the ability to utilize nuclear power plant waste heat to obtain higher efficiencies of up to 100%. This highly efficient electrolysis platform is expected to provide much needed flexibility to baseload nuclear power generation. Additionally, beyond validating the efficiency performance levels, this demonstration project will accelerate the control schemes and integration design. This project represents a key step in FuelCell Energy’s path to commercialize its high efficiency solid oxide electrolysis technology. The multi-stack module that forms the core of the system is a modular building block easily scalable for larger systems. The solid oxide electrolysis technology has the potential to be an economical, near-term solution for energy and environmental needs that simultaneously supports the advancement of nuclear plant utilization. Additionally, electrolysis technology can support the hydrogen economy by providing carbon-free, clean hydrogen for transportation, power generation, agricultural uses, and a host of other industrial applications. Click HERE to Link to the official award press release. 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 the Company’s anticipated financial results and statements regarding the Company’s plans and expectations regarding the continuing development, commercialization and financing of its fuel cell technology and its business plans and strategies. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, changes to projected deliveries and order flow, changes to production rate and product costs, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, ability to access certain markets, unanticipated manufacturing issues that impact power plant performance, changes in critical accounting policies, access to and ability to raise capital and attract financing, potential volatility of energy prices, rapid technological change, competition, the Company’s ability to successfully implement its new business strategies and achieve its goals, the Company’s ability to achieve its sales plans and cost reduction targets, changes by the U.S. Small Business Administration or other governmental authorities to, or with respect to the implementation or interpretation of, the Coronavirus Aid, Relief, and Economic Security Act, the Payroll Protection Program or related administrative matters, and concerns with, threats of, or the consequences of, pandemics, contagious diseases or health epidemics, including the novel coronavirus, and resulting supply chain disruptions, shifts in clean energy demand, impacts to customers’ capital budgets and investment plans, impacts to the Company’s project schedules, impacts to the Company’s ability to service existing projects, and impacts on the demand for the Company’s products, as well as other risks set forth in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.

EREVITA Team, 11.1.2020 13:44:41

FuelCell Energy Announces New Carbon Capture Project with Drax Power Station DANBURY, Conn., June 27, 2019 (GLOBE NEWSWIRE) -- 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 it has entered into a contract with Drax Power Station in the United Kingdom for an application of the Company’s carbon capture solution. FuelCell Energy will be supporting Drax with a Front End Engineering and Design (FEED) study evaluating the use of the Company’s propriety carbonate fuel cells to capture carbon dioxide (CO2) emissions from Drax’s biomass boilers. Drax Power Station is the largest single-site renewable power generator in the UK. Located near Selby, North Yorkshire, it has a capacity of over 3,900 megawatts of renewable power generation, primarily from sustainable wood pellets sourced from responsibly managed forests. Carbon dioxide linked to the carbon cycle of forests is considered carbon neutral and therefore, carbon capture employed at this project would make the power station carbon negative. Bio-Energy with Carbon Capture and Storage (BECCS) is one of the most promising approaches to carbon reduction because of the ability to be carbon negative at large scales. FuelCell Energy’s carbon capture technology is based on the Company's proprietary carbonate fuel cell power plants, which are able to concentrate CO2 from dilute flue gas streams as a side reaction during power generation. The concentrated CO2 is then available for sequestration or utilization. The FEED study will focus on a system that captures up to 85 tonnes of CO2 per day while generating additional power for the station. The ability to co-produce valuable electricity during carbon capture provides a significant advantage over conventional solvent-based CO2 capture systems that consume both heat and electricity to operate. The fuel cell also destroys up to 70% of NOx emissions from the flue gas. Drax plans to use the CO2 captured within a greenhouse abutting the power station. Potentially any excess CO2 captured could be transported to other greenhouse locations. FCE’s carbonate fuel cell is modular, and this FEED study supports a potential future demonstration project that will utilize two standard fuel cell modules similar to FCE's SureSource3000 commercial power generation system. Once demonstrated, the technology can easily be scaled up to capture a significant portion of the power station’s CO2 output. This initial FEED study will be completed in late 2019, and a detailed design and cost estimate for the demonstration system will be part of the FEED study. Completion of the FEED study may lead to the construction and operation of the demonstration system in a subsequent project. “Carbon capture using FuelCell Energy’s solution is a potential game-changer for affordability and efficiency of concentrating and capturing carbon dioxide from emitters,” said Tony Leo, Executive Vice President and Chief Technology Officer, FuelCell Energy. “We are pleased to have the opportunity to partner with Drax and the BEIS (United Kingdom, Department for Business, Energy and Industrial Strategy) for such an innovative and critically important subject as cleaner energy.” Will Gardiner, Drax Group CEO, said “We believe fuel cell technology could help us to meet the rise in global demand for electricity, whilst capturing the carbon dioxide produced during its generation. Our FEED study will help us to understand the technical and economic feasibility of fuel cells, with a view to scaling the technology up, whilst showing that clusters of businesses working together to deliver climate change solutions, can also deliver benefits for their businesses.” Chris Skidmore, Energy & Clean Growth Minister, said: “Cutting edge technology to capture carbon will cut emissions as we work towards a net zero economy while creating new jobs – a key part of our modern Industrial Strategy. This innovative project from Drax represents a major milestone in efforts to rollout carbon capture at scale by the 2030s.”

EREVITA Team, 11.1.2020 13:46:20

FuelCell Energy Inc. and E.ON Business Solutions GmbH Announce an Agreement to Develop the European Market DANBURY, Conn., Oct. 03, 2019 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced a collaboration agreement with E.ON Business Solutions, a German company specializing in integrated energy solutions for customers in the commercial, industrial and public sectors. FuelCell Energy is a global leader in fuel cell solutions for the affordable non-combustion based supply of base-load energy. As part of the global energy firm E.ON, E.ON Business Solutions provides tailored solutions for energy efficiency, decentralized power generation, flexibility, virtual power plants, and battery power storage. Operating on natural gas, energy generated by FuelCell Energy plants is delivered with negligible criteria pollutants (PM, NOx, SOx) and low CO2 due to the efficiency of the system. Also fully capable of running on biogas, our systems can deliver zero CO2 energy. In applications such as wastewater treatment plants, the fuel is 100% renewable, and using the fuel in a fuel cell avoids the criteria pollutants emitted by flaring the gas or combustion-based power plants. FuelCell Energy’s plants not only can efficiently and affordably supply clean, continuous power, but also useable steam, heat, and hydrogen to our customers. FuelCell Energy announced in July 2019 the relaunch of its sub-megawatt class fuel cell solutions for Europe, the SureSource 250 and SureSource 400, in addition to its multi-megawatt SureSource systems. “We are excited to partner with E.ON for the continued advancement of our fuel cell multi-featured platform in Europe,” commented Jason Few, President and Chief Executive Officer of FuelCell Energy. “E.ON owns two of our existing power plant projects already. Our solution is a perfect fit for a number of needs throughout Europe, offering both distributed cost-effective energy for sub-megawatt applications, and large scale multi-megawatt continuous clean power for industrial and utility-scale applications. With this collaboration, together, we will be able to offer customers across Europe flexible financial solutions ranging from power purchase agreements, capital leases, and attractive purchase options with the full support of E.ON. With E.ON, FuelCell has a partner who understands both the value and environmental benefits of our solution, is excited about owning future projects, adding our fuel cell leading multi-function energy platform to its direct customer offering and diversifying and advancing its clean energy portfolio.” E.ON currently owns two fuel cell plants in Germany, a 1.4 Megawatt plant (SureSource 1500) located at the German headquarters and production facility of FRIATEC AG in Mannheim, and one 0.4 Megawatt (SureSource 400) plant located at the Radisson Blu Hotel in Frankfurt. In Germany, SureSource systems receive a 60% reduction on the EEG (“Erneuerbare-Energien-Gesetz“) levy. SureSource systems are a viable solution for European regions and cities to reduce their emissions and realize their green energy transition. Mr. Few continued, “We have seen a significant increase in demand for clean, alternate baseload power solutions throughout Europe recently. Pollution in the form of NOx, SOx, and particulate matter generated from traditional combustion-based solutions also is an increasing issue, especially in highly populated areas. Customers who rely on power, such as industry, hospitals, hotels, and data centers, all have reacted extremely favorably to our announcement a couple of months ago.” Both Mr. Few and Anthony Ainsworth, Chief Executive Officer E.ON Business Solutions, stated their excitement to work jointly with both local and global customers across Europe. “E.ON is one of the few companies in the world with experience in the construction and operation of megawatt-class fuel cell plants. We can offer this technology as an important building block in our B2B solution portfolio. The industry is showing great interest in the fuel cell in order to make the power supply not only more climate friendly, but even almost zero nitrogen oxide and fine dust free. We are convinced that this clean technology can be widely used and see FuelCell Energy as an important partner for our strategy,” says Anthony Ainsworth, CEO of E.ON Business Solutions. Rising government initiatives and motivation under a new renewable heat incentive policy intended to increase the amount of energy generated from renewable sources are key drivers in Europe, one of the fastest growing regions in the fuel cell technology market. Importantly, all SureSource systems can run directly on biogas delivering a zero carbon solution in addition to zero particulates, NOx, and SOx. For example, wastewater treatment plants (WWTPs) that generate anaerobic digester gas (ADG) can host these fuel cell systems to generate renewable and clean baseload power and heat without criteria pollutants. In addition to WWTPs, FuelCell Energy’s fuel cell solutions are a perfect fit for other alternative fuels markets such as breweries, biomass plants, and landfills by producing baseload renewable and clean power at higher efficiencies than conventional small combined heat and power systems.

EREVITA Team, 11.1.2020 13:48:44

ExxonMobil, FuelCell Energy Expand Agreement for Carbon Capture Technology IRVING, Texas and DANBURY, Conn., Nov. 06, 2019 (GLOBE NEWSWIRE) -- ExxonMobil and FuelCell Energy, Inc. said today they have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. EXXON.jpg The agreement, worth up to $60 million, will focus efforts on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions. ExxonMobil is exploring options to conduct a pilot test of next-generation fuel cell carbon capture solution at one of its operating sites. “ExxonMobil is working to advance carbon capture technologies while reducing costs and enhancing scalability,” said Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company. “This expanded agreement with FuelCell Energy will enable further progress on this unique carbon capture solution that has the potential to achieve meaningful reductions of carbon dioxide emissions from industrial operations.” FuelCell Energy’s proprietary technology uses carbonate fuel cells to efficiently capture and concentrate carbon dioxide streams from large industrial sources. Combustion exhaust is directed to the fuel cell, which produces power while capturing and concentrating carbon dioxide for permanent storage. The modular design enables the technology to be deployed at a wide range of locations, which could lead to a more cost-efficient path for large-scale deployment of carbon capture and sequestration. “Today’s announcement underscores our leadership position in fuel cell technology,” said Jason Few, president and chief executive officer of FuelCell Energy. “We are excited to continue to work with ExxonMobil to tackle one of the biggest challenges that exists today. We have a great opportunity to scale and commercialize our unique carbon capture solution, one that captures about 90 percent of carbon dioxide from various exhaust streams, while generating additional power, unlike traditional carbon capture technologies which consume significant power." “FuelCell Energy has always been proud of our technology and our role in reshaping the environmental impact of industry and electrical generation. This is another giant step forward towards the large-scale deployment of this much needed technology.” ExxonMobil and FuelCell Energy began working together in 2016 with a focus on better understanding the fundamental science behind carbonate fuel cells and how to increase efficiency in separating and concentrating carbon dioxide from the exhaust of natural gas-fueled power generation. The new and expanded agreement will prioritize the optimization of the core carbon capture technology for integration into large-scale industrial facilities such as refineries and chemical plants. ExxonMobil engineers and scientists have researched, developed and applied technologies that could play a role in the widespread deployment of carbon capture and storage for more than 30 years. The company has a working interest in approximately one-fifth of the world’s total carbon capture capacity, and has captured about 7 million tonnes per year of carbon dioxide. ExxonMobil has captured more carbon dioxide than any other company.

EREVITA Team, 17.3.2020 18:03:07

FUELCELL ENERGY’s transformational work with EXXON MOBIL to deliver a massively large scale carboncapture solution was recently highlighted at the EXXON MOBIL Investor Day. They are progressing the design toward a pilot project at the Rotterdam refinery in the Netherlands.

Lubomir, 29.3.2022 20:10:56

Fuelcell Energy Project Identified for Funding From Canada’s Clean Resource Innovation Network to Design Pilot for Clean Carbon Capture Feb 17, 2022 Download this Press Release PDF Format (opens in new window) Project awarded $6.8M to join forces with network to deliver the only technology available to decarbonize oil and gas industry operations while producing power DANBURY, Conn., Feb. 17, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in decarbonizing power and producing hydrogen with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced that a carbon capture demonstration project using the Company’s proprietary carbonate fuel cell technology has been awarded $6.8M in funding as part of Canada’s Clean Resource Innovation Network (CRIN) low emission fuels and products technology competition. While emissions reduction and other environmental benefits are key priorities in the CRIN pilot project, other critical factors include the economic benefits that investment provides for Canada. Currently, technologies in use for carbon capture are expensive and consume significant amounts of energy. The FuelCell Energy solution is able to capture carbon from power plant or boiler flue gasses while producing clean electric power, a revenue stream that reduces the cost of carbon capture. FuelCell Energy offers the only known platform that can capture carbon dioxide from an external source while simultaneously producing power. FuelCell Energy, operating under its Canadian subsidiary, Versa Power Systems, will be the technology and equipment provider for the project. Industry participants include Canadian Natural Resources Limited (CNRL), Suncor Energy, Cenovus Energy Inc., Chevron Canada and Shell Canada, along with support from Emissions Reduction Alberta. The project involves the construction of a MW-scale carbonate power plant that will capture carbon from a process heater at the Scotford Upgrader near Edmonton, Alberta. The Scotford Upgrader is owned by Athabasca Oil Sands Project, which is a joint venture between CNRL, Chevron Canada Limited and Shell Canada Limited.. “To demonstrate the power of our carbonate fuel cell technology, and for the project to receive this funding from CRIN, is an honor,” said FuelCell Energy CEO and President, Jason Few. “We are confident that the pilot will deliver the significant environmental benefits that the Canadian government is looking for, while helping to decarbonize its oil and gas industry and increase its competitiveness in the global market.”