FuelCell Energy Supports Clean Coal Conversation at the National Coal Council’s Spring Meeting Highlighting Fuel Cell Carbo...
April 24 2017 - 8:30AM
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, contributed to the
clean coal discussion at the recent National Coal Council’s Annual
Spring Meeting; highlighting the Company’s fuel cell carbon capture
solution that affordably captures carbon emissions from coal-fired
power plants with a scalable solution. FuelCell Energy’s Tony
Leo, Vice President of Advanced Applications & Technology
Development, presented as part of the Leading Edge Coal Technology
Developments panel, following the opening remarks delivered by the
Secretary of Energy for the United States Department of Energy
(DOE).
“We believe fuel cell carbon capture is a central part of the
discussion when talking about solutions for enhancing the use of
coal because the benefits are industry-changing from an
environmental, economic and energy standpoint,” said Tony Leo, Vice
President Advanced Applications & Technology Development,
FuelCell Energy. “The conversations that took place at this meeting
were encouraging as the awareness, support and need for solutions
to facilitate cleaner coal continue to grow.”
Mr. Leo’s presentation focused on FuelCell Energy’s scalable and
affordable carbon capture solution, which captures carbon emissions
from existing coal or gas-fired power plants, while simultaneously
producing power. FuelCell Energy is currently engineering the
first megawatt-scale system using the technology, in a
DOE-supported program that will demonstrate capture of 90% of the
CO2 in a slipstream of the exhaust at a coal power plant, the
Southern Company/Alabama Power James M Barry power station in
Alabama. While the DOE program focuses on carbon capture from
coal-based sources, FuelCell Energy and ExxonMobil are
collaborating in a joint development program to also optimize the
system for CO2 capture from natural gas sources. In addition,
Cenovus and Alberta Innovates are working with FuelCell Energy to
evaluate the use of this solution for carbon capture in Canadian
oil sands extraction and upgrading operations.
In his opening address, U.S. Secretary of Energy Rick Perry
suggested the need for clean technologies to support the coal
industry, stating “The world has changed, and coal has to change as
well. As you know, the Department of Energy is working to develop
innovative and cost-effective technologies that not only can make
coal cleaner and more efficient, but it can help support economic
growth, energy security, and American leadership in global
technology.”
FuelCell Energy’s carbon capture solution represents American
innovation and American manufacturing addressing a significant
global challenge and a promising export opportunity.
The National Coal Council is a Federal Advisory Committee to the
U.S. Secretary of Energy that was established in 1984 to provide
advice and recommendations to the Secretary of Energy on general
policy matters relating to coal and the coal industry.
Presentations for this session are available here.
Using fuel cells to capture carbon dioxide from natural gas or
coal-fired power plants results in reduced emissions and increased
power generation. In the carbon capture context, power plant
exhaust is directed to the fuel cell, replacing air that is
normally used in combination with natural gas during the fuel cell
power generation process. As the fuel cell generates power, the
carbon dioxide becomes more concentrated, allowing it to be more
easily and affordably captured from the cell’s exhaust and
stored. This carbon concentration occurs during the regular
fuel cell power generation process so power is generated from the
fuel cells, providing a source of revenue. Additionally,
approximately 70 percent of the smog producing nitrogen oxide (NOx)
in the coal flue gas is destroyed by the fuel cells. Click
here to learn more.
Cautionary LanguageThis 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 business plans. 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, unanticipated manufacturing issues that impact power
plant performance, changes in critical accounting policies,
potential volatility of energy prices, rapid technological change,
competition, and the Company’s ability to achieve its sales plans
and cost reduction targets, 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.
About FuelCell EnergyFuelCell Energy
(NASDAQ:FCEL) delivers efficient, affordable and clean solutions
for the supply, recovery and storage of energy. We design,
manufacture, undertake project development, install, operate and
maintain megawatt-scale fuel cell systems, serving utilities,
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 with
environmentally responsible power solutions. Visit us online
at www.fuelcellenergy.com and follow us on Twitter.
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.
Source: FuelCell Energy
Contact:
FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com
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