FuelCell Energy Achieves Another Industry Milestone With Four Billion Kilowatt Hours of Ultra-Clean Power Generation
September 21 2015 - 8:46PM
FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in the
design, manufacture, operation and service of ultra-clean,
efficient and reliable fuel cell power plants, announced a
significant industry milestone by generating four billion kilowatt
hours (kWh) of virtually pollutant-free electricity from the global
fleet of Direct FuelCell® (DFC®) power plants since the first
commercial installation in 2003. Adequate to power more than
362,000 average U.S. homes for one year, this power was efficiently
produced by fuel cells electrochemically, quietly emitting water
vapor rather than pollutants. One billion kWh of power was
generated in just the past nine months reflecting the growing
global adoption of affordable and environmentally friendly fuel
cell power plants.
“Fuel cells provide a solution that is unique in the power
industry, offering customers continuous on-site electricity and
heat generated in an environmentally-friendly manner with minimal
land requirements and no need for electrical transmission lines,”
said Professor Scott Samuelsen, Director, National Fuel Cell
Research Center. “The growing adoption of fuel cells in
America and overseas is a reflection of their ability to cleanly
and efficiently generate power where it is needed.”
Four billion kWh of power generated by FuelCell Energy power
plants, when compared to the average U.S. fossil fuel power plant,
avoided the annual greenhouse gas emissions of more than 408,000
cars, or the carbon sequestered by more than 1.6 million acres of
U.S. forests in one year. FuelCell Energy power plants are
efficiently generating ultra-clean power on three continents and
four billion kWh of power is adequate to power approximately
362,000 U.S. homes or 905,000 German homes or 1,115,000 South
Korean homes for one year.
“This milestone is definitely something to celebrate, as it took
about eight years for our power generation total to achieve one
billion kilowatt hours and only nine months to increase from three
billion to four billion kilowatt hours,” said Chip Bottone, Chief
Executive Officer, FuelCell Energy, Inc. “This accelerated
growth rate is recognition of the operating performance of our
fleet as well as the growing support for clean power generation, as
our fuel cell solutions help meet emission reduction goals and
renewable portfolio standards.”
Fuel cell power plants generate electricity and heat cleanly and
efficiently, utilizing an electrochemical process that produces
power in a manner that is virtually absent of criteria pollutants
such as nitrogen oxide (NOx) that causes smog, sulfur dioxide (SOx)
that contributes to acid rain, and particulate matter that can
aggravate asthma. The stationary fuel cell power plants
manufactured by FuelCell Energy are fuel flexible, capable of
operating on clean natural gas, on-site renewable biogas, or
directed 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.
About FuelCell EnergyDirect FuelCell® power
plants are generating ultra-clean, efficient and reliable power at
more than 50 locations worldwide. With more than 300
megawatts of power generation capacity installed or in backlog,
FuelCell Energy is a global leader in providing ultra-clean
baseload distributed generation to utilities, industrial
operations, universities, municipal water treatment facilities,
government installations and other customers around the
world. The Company’s power plants have generated more than
four billion kilowatt hours of ultra-clean power using a variety of
fuels including renewable biogas from wastewater treatment and food
processing, as well as clean natural gas. For
additional information, please visit www.fuelcellenergy.com, follow
us on Twitter and view our videos on YouTube.
Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc.
are all registered trademarks of FuelCell Energy, Inc.
DFC-ERG is a registered trademark jointly owned by Enbridge, Inc.
and FuelCell Energy, Inc.
Contact:
FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com
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