FuelCell Energy Announces New Carbon Capture Project with Drax Power Station
June 27 2019 - 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 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.”
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 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, 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: |
Contact:FuelCell
Energy203.205.2491ir@fce.comSource: FuelCell
Energy |
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