Phillips 66 Receives $3 Million Grant to Advance Reversible Solid Oxide Fuel Cell Technology
January 21 2021 - 2:00PM
Business Wire
Phillips 66 (NYSE: PSX) today announced it has received a $3
million grant from the U.S. Department of Energy to advance the
development of high-performance reversible solid oxide fuel
cells.
Phillips 66 will collaborate with the Georgia Institute of
Technology (Georgia Tech) to demonstrate the commercial feasibility
of a low-cost and highly efficient reversible solid oxide fuel cell
(RSOFC) system for hydrogen and electricity generation. The
technology is one of many Phillips 66 is pursuing as part of its
commitment to a sustainable, lower-carbon energy future.
“Our scientists and engineers are at the forefront of solid
oxide fuel cell technology,” said Ann Oglesby, VP, Energy Research
& Innovation at Phillips 66. “We are pleased to partner with
Georgia Tech to demonstrate the commercial feasibility of this
innovative reversible system.”
SOFCs are ceramic devices that generate electricity efficiently,
with low emissions and at a competitive cost by oxidizing a fuel,
such as hydrogen or natural gas, through electrochemical reactions
rather than combustion. They have a lower carbon footprint compared
with conventional power plants and are an ideal technology for the
capture of carbon dioxide.
Reversible SOFCs allow for the fuel cells to operate in either
power generation mode, as a solid oxide fuel cell, or reverse mode,
as a solid oxide electrolysis cell. In the latter, electricity is
applied to the cells to produce hydrogen, a low-emission fuel,
through electrolysis.
Phillips 66 has made significant technical progress in the area
of solid oxide fuel cells and holds eight U.S. granted patents and
22 pending U.S. patent applications in its SOFC intellectual
property portfolio.
The grant was awarded by the Department of Energy’s Office of
Fossil Energy. Phillips 66 will be the research lead on the grant,
with Georgia Tech as a collaborative partner.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally.
Phillips 66 Partners, the company’s master limited partnership, is
integral to the portfolio. Headquartered in Houston, the company
has 14,500 employees committed to safety and operating excellence.
Phillips 66 had $54 billion of assets as of Sept. 30, 2020. For
more information, visit www.phillips66.com or follow us on Twitter
@Phillips66Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20210121005717/en/
Jeff Dietert, 832-765-2297 (investors) jeff.dietert@p66.com
Shannon Holy, 832-765-2297 (investors)
shannon.m.holy@p66.com
Thaddeus Herrick, 855-841-2368 (media)
thaddeus.f.herrick@p66.com
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