FuelCell Energy Announces Sub-MW Solution for European Market
July 15 2019 - 6:00AM
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 a
relaunch of the sub-MW distributed generation solution to the
European Market with the SureSource 250 and SureSource 400 fuel
cell systems. These fuel cells are manufactured in Torrington, CT
and assembled in Europe at the FuelCell Energy manufacturing
facility located in Taufkirchen, Germany.
"The superior electrical efficiency, ultra-low criteria
pollution emissions (NOx, SOx, PM) and low noise profile compared
with engines and turbines make the SureSource sub-MW systems an
ideal technology for commercial and retail sectors in Europe,” said
Jennifer Arasimowicz, Interim President & Chief Commercial
Officer. “We are excited to expand our presence and use of fuel
cell solutions in Germany, Italy, United Kingdom, Benelux, France
and Spain distributed power generation markets.”
Increasing government initiatives and motivation under a new
renewable heat incentive policy are the key drivers in Europe, one
of the fastest growing regions in the fuel cell technology market.
Recent improvements on SureSource fuel cell stack-life reduces
maintenance costs, improving the economics of smaller
projects. The SureSource 250 and 400 can run directly on
biogas. Thus, small wastewater treatment plants (WWTPs) that
generate anaerobic digester gas (ADG) can host these fuel cell
systems to generate renewable energy and heat without pollutants
and particulate matter. In addition to WWTPs, FuelCell Energy’s
fuel cell solutions benefit additional biomass markets such as
breweries, biomass plants and landfills by producing baseload
renewable power, eliminating the NOx, Sox and PM produced by
conventional small combined heat and power plants.
“We are happy to see FuelCell Energy re-entering the sub-MW
distributed power generation market with its 250 and 400 kW
carbonate fuel cells,” said Alexander Fenzl, Country Head B2B
Solutions Germany, E.ON Business Solutions. “Their high
electrical efficiency and ultra-low criteria pollutant emissions
make them a good fit for our business and our ambition to help
decarbonize the industrial and commercial sectors in Germany and
other EU countries.”
SureSource power plants deliver energy efficiently,
reliably and economically where it is needed - without harmful
emissions. In Germany, the sub-MW SureSource systems receive
a 60% reduction on the EEG (“Erneuerbare-Energien-Gesetz“)
surcharge, making it more competitive when compared to the electric
grid. The first SureSource 400 installation started its
operation at the Radisson Hotel in Frankfurt in January 2018 and
has shown an availability greater than 90%. This plant is operated
by FuelCell Energy Solutions, GmbH under a 10 year Power Purchase
Agreement and owned by E.ON.
SureSource™ power plants solve energy, environmental and
business-related power generation challenges by providing
ultra-clean, efficient and reliable distributed power
generation. The fuel cells combine a fuel such as renewable
biogas, directed biogas or clean natural gas with oxygen from the
ambient air to efficiently produce ultra-clean electricity and
usable high quality heat via an electrochemical process. Customers
benefit with operating cost reductions delivered in a manner that
supports sustainability goals and enhances power reliability.
With high availability and capacity factors, fuel cell power plants
make meaningful contributions to Renewable Portfolio Standard
targets.
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:FuelCell Energy203.205.2491ir@fce.com
Source: FuelCell Energy
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