13.2.2003: Meldung: New Fuel Cell Energy Power Plant
At a February 7 event in Karlsruhe, MTU officials noted current operations of Hot Modules at De Te- Immobilien in Munich, IPF in Magdeburg, RWE in Essen, IZAR in Cartagena, Spain and the Rhon- Klinkkum in Bad Neustadt/Saale. MTU officials also discussed the strong interest from potential customers and the high existing and new market potential for environmentally friendly, efficient, cogeneration power plants, which is expected to increase with the competitive economics associated with further planned cost reductions.
"FuelCell Energy and its partners are deploying fuel cell power plants worldwide that can address a variety of energy issues including pollution, grid congestion and the ability to site power plants closer to user demand," said Jerry D. Leitman, president and CEO of FuelCell Energy. "Since our DFCs internally generate hydrogen from natural gas and other fuels and do not have to wait for the creation of the hydrogen infrastructure, we believe our DFC power plant products for commercial and industrial customers will be the first broadly accepted fuel cell products."
Additional information on this press event can be found at MTU""s web site, http://www.mtu- friedrichshafen.com/en/frameset/f_home.htm
About Direct FuelCells Direct FuelCells efficiently generate clean electricity at distributed locations near the customer, including hospitals, schools, universities, hotels and other commercial and industrial applications. In essence, they are like large, continuously operating batteries that generate electricity as long as fuel, such as natural gas, is supplied. Since the fuel is not burned, there is no pollution commonly associated with the combustion of fossil fuels. The high efficiency leads to the generation of more electric power from less fuel and with less carbon dioxide emission. Operating on biomass fuels, such as wastewater treatment digester gas, the Direct FuelCell is a renewable technology.
About FuelCell Energy, Inc. FuelCell Energy, Inc. (http://www.fuelcellenergy.com/) based in Danbury, Connecticut, is a world leader in the development and manufacture of highly efficient hydrogen fuel cells for clean electric power generation, currently offering DFC power plant products ranging in size from 250 kilowatts to 2 megawatts for applications up to 50 megawatts. The Company has developed commercial distribution alliances with MTU, a unit of DaimlerChrysler, in Europe; Marubeni Corporation in Asia; and Caterpillar, PPL Energy Plus, Chevron Energy Solutions, CMS Viron Energy Services and MWH Global in the U.S. FuelCell Energy is developing Direct FuelCell technology for stationary power plants with the U.S. Department of Energy through their Office of Fossil Energy""s National Energy Technology Laboratory.
This press release contains forward-looking statements, including statements regarding the Company""s plans and expectations regarding the development and commercialization of its fuel cell technology. 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, the risk that commercial field trials of the Company""s products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, 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.
Donna R. Ferenz
Investor Relations and Communications