FuelCell Energy Celebrates 9 Million MWH of Clean Power Generation
August 05 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
reaching a significant clean power generation milestone with a
total of more than 9 million megawatt hours having been generated
by SureSource™ fuel cell power plants globally since the first
commercial installation. SureSource™ fuel cells are a clean
energy solution for the need for baseload power, as power is made
continuously, positioning them as a perfect complement to the
intermittent power sources of wind and solar. FuelCell Energy’s
SureSource™ plants are currently installed and operating on three
continents, with many owned by leading utility and industrial
companies. FuelCell Energy is a global leader committed to
environmentally responsible power solutions with higher efficiency
driving better economics and environmental stewardship while
supporting both social responsibility goals and public policy
objectives.
“We are proud of the progress we’ve made developing cleaner and
more energy efficient electrical power solutions, answering the
needs for both utility scale and behind-the-meter applications,"
said Jennifer Arasimowicz, Interim President & Chief Commercial
Officer, FuelCell Energy, Inc. "Our fuel cell solutions provide
distinct advantages over other forms of distributed power
generation, providing clean baseload power in various
configurations, and effective solutions for applications such as
microgrids and systems operating on biogas.”
Enabling utilities and independent power producers (IPP) to add
ultra-clean, affordable and distributed power generation throughout
their service area enhances grid resiliency by easily siting power
generation right where the power is needed, such as next to
existing electrical substations. SureSource™ plants are especially
beneficial for urban and suburban locations where land is either
expensive or scarce, given the unmatched power density per square
foot versus utility scale solar. For example, in New Haven,
Connecticut United Illuminating generates 2.8 megawatts with the
SureSource™ 3000 fuel cell on a utility-owned ¼ acre parcel of land
next to its substation, avoiding the need for and cost of
transmission while enhancing the resiliency of energy supply.
Municipalities benefit with clean and quiet power generated
locally, and receive property tax revenue from formerly vacant
land, while the State receives sales tax.
Behind the-meter, SureSource™ fuel cell solutions support
industrial processes generating continuous power and heat to ensure
the on-site operations of the facility. Pfizer’s 160-acre research
and development center’s mission critical infrastructure is
supported with two SureSource™ 3000 fuel cells that generate 5.6
megawatts, increasing resiliency and supporting sustainability
objectives that are contributing to the goal of reducing greenhouse
gas (GHG) emissions 20% by 2020.
As of today, ten states in the USA and Puerto Rico have
classified stationary fuel cells in the highest tier of clean power
generation due to the high efficiency and resultant low carbon
emissions and negligible NOx and particulate matter typical of
other combustion sources of baseload power. While operating on
biogas, SureSource™ fuel cell systems are typically classified as
carbon-neutral, or in some cases carbon negative, by regulatory
authorities due to the renewable nature of the biogas fuel source.
According to the United States Environmental Protection Agency
(EPA) greenhouse gas equivalency calculations, the low-carbon,
ultra-clean nine million megawatt hours cumulatively generated from
SureSource™ fuel cells in comparison to the grid is equivalent to
avoiding more than a million tons of CO2 and almost three tons of
nitrogen oxides. These are savings equivalent to taking more than
100,000 cars off the road each year.
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.
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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