FuelCell Energy Announces 5.6 Megawatt Fuel Cell Project With Pfizer Inc.
05 January 2016 - 1:00AM
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 plans for
the installation of a 5.6 megawatt fuel cell power generation
system for Pfizer Inc., one of the world’s largest
biopharmaceutical companies, to provide reliable and low carbon
electricity and steam for its 160 acre research and development
facility in Groton, Connecticut. Pfizer will purchase the
power and steam under a 20 year power purchase agreement that will
lead to a reduction in energy costs while enhancing power
reliability from on-site power generation. The highly
efficient combined heat and power (CHP) fuel cell system will be
configured to operate continuously, in parallel with the grid
during normal operation and independently supplying electricity to
campus loads during grid outages, while supporting Pfizer’s
commitment to sustainability with power generation that is low
carbon and efficient. The fuel cell installation is expected
to be fully operational by summer 2016.
“This power purchase model delivers immediate value while
increasing electrical reliability by providing the security of
on-site power with a financial structure that avoids an investment
in power generation assets, and FuelCell Energy installs, operates
and maintains the fuel cell power plants,” said Chip Bottone,
President and Chief Executive Officer, FuelCell Energy, Inc.
“Affordably addressing both energy and sustainability goals is an
attractive value proposition offered by FCE.”
The fuel cell system will include two DFC3000® fuel cell power
plants, each rated at 2.8 megawatts that operate in tandem to
generate 5.6 megawatts of clean power and steam and will supply a
portion of the Pfizer Groton facility’s energy needs.
Generating both power and steam from the same unit of fuel reduces
heating costs and the associated pollutants and carbon emissions
from more traditional combustion-based boiler systems. The
fuel cells will operate parallel with the electric grid and, in the
event of a grid disturbance, continue to provide power to Pfizer’s
Groton facility by switching to what is termed an ‘island’ mode
that is grid independent.
The CHP-configured fuel cell plants produce clean power and heat
via an electrochemical process that avoids combustion and its
associated pollutants, including nitrogen oxide (NOx) that causes
smog, sulfur dioxide (SOx) that contributes to acid rain, and
particulate matter that can aggravate asthma. The emissions profile
of the fuel cells installed at the Pfizer facility will reduce
greenhouse gas (GHG) emissions; avoiding more than 28,900 tons of
CO₂ and more than 34 tons of NOx annually as compared to the
average U.S. grid, which is equivalent to removing more than 5,300
cars from the road. These environmental benefits can be
realized by Pfizer or sold to third parties through renewable
energy certificates.
Fuel cells electrochemically convert a fuel source 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. The combination of near-zero pollutants, modest land-use
needs, and quiet operating nature of these stationary fuel cell
power plants facilitates locating the power plants in urban
locations. The power plants are fuel flexible, capable of
operating on clean natural gas, on-site renewable biogas, or
directed biogas.
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.
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