FuelCell Energy and County of Alameda Announce 20-Year Power Purchase Agreement for a Multi-megawatt Fuel Cell Power Plant at...
October 28 2015 - 8:30AM
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 the
execution of a 20-year Power Purchase Agreement (PPA) with the
County of Alameda to install a 1.4 megawatt fuel cell combined heat
and power plant at Santa Rita Jail, in Dublin, California. The new
fuel cell plant, to be commissioned in the second half of 2016,
will replace a smaller FuelCell Energy power plant installed in
2006. The PPA facilitates the upgrade of Alameda County’s
fuel cell to the latest generation power plant with no upfront
capital investment required from the County and payment on a per
kilowatt hour basis only for power produced at a price lower than
the electric grid.
Caroline Judy, Acting Director of the General Services Agency
for the County of Alameda, said, “Installing the fuel cell
continues the Alameda County Board of Supervisors’ long standing
commitment to environmental leadership through the adoption of
clean, on-site power generation that delivers cost savings.”
“This critical infrastructure installation is an excellent
application for our ultra-clean and affordable power generation
solutions and illustrates how fuel cell plants complement
intermittent power generation such as solar,” said Chip Bottone,
President and Chief Executive Officer at FuelCell Energy. “The
Alameda County Sherriff’s Department needs reliable, cost-effective
and clean energy and hot water to do their important work day in
and day out, and we are proud to supply a critical part of their
infrastructure.”
The fuel cell plant will meet approximately 60 percent of Santa
Rita Jail’s total baseload power demand and 70 percent of the
energy use, while the excess heat from the fuel cells will be used
for generating hot water. Generating both power and heat from
the same unit of fuel reduces emissions and fuel usage from
combustion-based boilers, decreasing the County’s carbon footprint
while simultaneously enhancing the sustainability profile of Santa
Rita Jail. The initial DFC plant deployed by FuelCell Energy
in 2006 was, at the time, the first megawatt class fuel cell
cogeneration plant in California.
The fuel cell power plant will operate in parallel with the
existing solar array and battery storage system, demonstrating the
complimentary features of combining energy sources at the same
location to reduce exposure to peak pricing.
The ultra-clean fuel cell power generation process avoids
combustion and associated 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
fuel cell power plant at Santa Rita Jail will avoid the emission of
approximately 5,800 tons of CO₂/year, when compared to average
United States grid, equivalent to the carbon absorbed by
approximately 4,300 acres of US forest in one year.
Fuel cells electrochemically convert methane from natural gas or
renewable biogas into electricity and heat in a highly efficient
process that emits virtually no pollutants due to the absence of
combustion. The Direct FuelCell® (DFC®) stationary fuel cell
power plants manufactured by FuelCell Energy utilize carbonate fuel
cell technology and provide continuous power located where the
power is used, including both on-site applications and electric
grid support.
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 over 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
FuelCell Energy (NASDAQ:FCEL)
Historical Stock Chart
From Apr 2024 to May 2024
FuelCell Energy (NASDAQ:FCEL)
Historical Stock Chart
From May 2023 to May 2024