FuelCell Energy Celebrates 8 Million MWH of Clean Power Generation
September 19 2018 - 8:00AM
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 reaching a
significant clean power generation milestone with a total of more
than eight million megawatt hours having been generated by
SureSource™ fuel cell power plants globally since the first
commercial installation. SureSource™ plants are currently installed
and operating on three continents, with many owned by leading
utility companies from around the world that recognize the benefit
of clean, continuous power. FuelCell Energy is a global leader
committed to environmentally responsible power solutions.
According to the United States Environmental Protection Agency
(EPA), eight million megawatt hours of clean energy production is
enough to offset about 13 billion pounds of carbon dioxide
emissions and adequate to power over 725,000 average size US homes
for one year, 1,800,000 German homes for one year or 2,235,000
South Korean homes for one year. FuelCell Energy’s
SureSource™ fuel cells have a low carbon footprint. The
high efficiency of SureSource™ power plants contributes to
favorable economics through lower fuel consumption as fuel cell
power plants generate more power from a given unit of fuel than
similar size internal combustion-based power generation. Our power
plants are up to 60 percent electrically efficient and can achieve
total thermal efficiency up to 90 percent in a combined heat
and power (CHP) configuration, depending on the
application.
The stationary fuel cell power plants manufactured by FuelCell
Energy are the most experienced and fuel flexible available,
capable of operating on clean natural gas or renewable
biogas. These megawatt-class power plants are scalable for
multi-megawatt applications with large power users or electric grid
support. The power plants provide continuous power that is not
dependent on the weather or time of day.
“We're proud of the progress we've made developing our fuel cell
solutions and we remain committed to maintaining our leadership in
bringing our advanced technology to the global marketplace," said
Chip Bottone, President and Chief Executive Officer, FuelCell
Energy, Inc. "We make cleaner and more energy-efficient electrical
power systems, not only for stationary power generation and
long-duration storage but also for carbon capture and distributed
hydrogen applications.”
The complete line of carbonate SureSource™ products from
FuelCell Energy delivers ultra-clean distributed power 24 hours a
day, seven days a week – efficiently and economically.
Additionally, many installations act as a microgrid, supplying
predictable ultra-clean power to the electric grid under normal
operation and then automatically switching to a grid-independent
mode in the event of a grid disturbance. These fuel cell solutions
provide distinct advantages over other forms of distributed power
generation, including high efficiency with fuel conversion
efficiency unsurpassed in the industry, fuel flexibility with the
ability to operate on readily available natural gas or renewable
biogas, and virtually no pollution as SureSource™ plants emit only
trace levels of nitrogen oxide (NOx), sulfur oxide (SOx) or
particulate matter. SureSource™ power plants solve energy,
environmental and business-related power generation challenges by
providing ultra-clean, efficient and reliable distributed power
generation. The fuel cells combine a fuel such as renewable
biogas, directed biogas or clean natural gas with oxygen from the
ambient air to efficiently produce ultra-clean electricity and
usable high quality heat via an electrochemical process. Customers
benefit with operating cost reductions delivered in a manner that
supports sustainability goals and enhances power reliability.
With high availability and capacity factors, fuel cell power plants
make meaningful contributions to Renewable Portfolio Standard
targets.
About FuelCell EnergyFuelCell Energy, Inc.
(NASDAQ: FCEL) delivers efficient, affordable and clean solutions
for the supply, recovery and storage of energy. We design,
manufacture, undertake project development of, install, operate and
maintain megawatt-scale fuel cell systems, serving utilities and
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 in
designing, manufacturing, installing, operating and
maintaining environmentally responsible fuel cell power
solutions. Visit us online at www.fuelcellenergy.com and
follow us on Twitter @FuelCell_Energy.
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.
Contact:FuelCell Energy203.205.2491ir@fce.com
Source: FuelCell Energy |
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