FuelCell Energy Highlights Performance of Dominion Bridgeport Fuel Cell Park After One Year of Supplying Ultra-Clean Power to...
21 January 2015 - 12:30AM
- Highly efficient and affordable distributed power
generation
- Availability of the fuel cell park in excess of 95 percent
- Clean power for approximately 15,000 homes
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, recognized the
performance achievements of the 14.9 megawatt Dominion fuel cell
park in Bridgeport, Connecticut, as the installation reached its
one year anniversary of operation. The fuel cell park, owned
by Dominion (NYSE:D), consists of five Direct FuelCell® (DFC®)
power plants, manufactured and installed by FuelCell Energy, that
supply Class I renewable power to the electric grid under a 15 year
energy purchase agreement. Additionally, the heat from the
five power plants is recovered and converted into additional
electricity, increasing the efficiency of the
installation. FuelCell Energy operates and maintains the
plants under a long term service agreement and continues to meet
all contracted output requirements with availability of the fuel
cell park in excess of 95 percent.
"We are very pleased with the performance of the Bridgeport fuel
cell park," said John Smatlak, Vice President of Power Generation
Technical Services for Dominion. "In addition to
consistently meeting power output requirements since its operation
date, the installation continues to achieve availability that is
comparable to the best performing units in our power generation
fleet, including our Millstone nuclear power station in Waterford,
Connecticut."
"In Bridgeport, we're investing in clean energy production,
which is resulting in job creation and our children breathing
cleaner air," said Mayor Bill Finch. "The Dominion fuel cell
park is the cornerstone of this effort. It produces enough clean
energy to power up to 15,000 homes. It's helping put Bridgeport on
the map nationwide as a leader in fuel cell energy production. And,
most importantly, it's making our city a better place to live,
work, and raise a family."
"FuelCell Energy delivered this turn-key multi-unit fuel cell
park on-time in less than a year, and has since continued to meet
all contracted commitments," said Chip Bottone, President &
Chief Executive Officer, FuelCell Energy, Inc. "This installation
is an ideal application of efficient and affordable distributed
power generation that benefits multiple stakeholders."
"This fuel cell park is generating world-wide interest from
utilities and policy decision makers, hosting visitors from other
U.S. states and countries including Japan, Germany, Spain, the
United Kingdom, Ireland and South Korea as well as senior officials
from the U.S. Environmental Protection Agency and the Department of
Energy," continued Mr. Bottone.
The project is located on a remediated brownfield site in an
industrial area of Bridgeport, Connecticut, using only about 1 ½
acres of land to provide 14.9 megawatt of continuous renewable
power. The City benefits with clean distributed power
generation and is receiving tax revenue from what was previously a
vacant lot. The community benefits with ultra-clean power
generation that is created locally, enhancing the resiliency of the
electric grid. The State of Connecticut benefits with tax
revenue from a variety of sources, job creation in the State, and
measurable progress towards the State's renewable portfolio
standard.
The world's largest fuel cell park, consisting of fuel cells
manufactured by FuelCell Energy, is located in Hwasung City, South
Korea and has been fully operational since January 2014. The
facility consists of 21 FuelCell Energy DFC3000® power plants,
rated at 2.8 megawatts each, requiring only about 5.1 acres of land
for 59 megawatts of new and renewable power. The fuel cell park
provides continuous baseload electricity to the South Korean
electric grid and high quality heat for a district heating
system. POSCO Energy commenced construction on this project in
November 2012 and finished in only 14 months, illustrating the
ability to rapidly construct multi-megawatt fuel cell installations
that enhance grid resiliency.
Multi-megawatt fuel cell parks solve power generation challenges
for utilities as the combination of near-zero pollutants, modest
land-use needs, and the quiet operating nature of fuel cell power
plants facilitates their siting in urban locations. Fuel cell
parks offer a multitude of advantages for utilities and neighboring
communities, including:
- Environmentally friendly power generation with virtually
zero nitrogen oxide (NOx) that causes smog, sulfur dioxide (SOx)
that contributes to acid rain, or particulate matter (PM10) that
aggravates asthma, and the power is delivered with a low carbon
footprint
- Distributed power generation places power near where it is
used, enhancing the resiliency of the grid
- Highly efficient power generation process that is
economical
- Continuous renewable power around the clock that is not reliant
on weather or time of day
About FuelCell Energy
Direct 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
more than 3 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 more information, please visit
www.fuelcellenergy.com
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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
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