18.12.02

18.12.2002: Meldung: FuelCell Energy: Kooperation mit Marubeni, Japan

DANBURY, Conn., and TOKYO, Dec. 16 -- The Marubeni Corporation (TSE: 8002 - News) and FuelCell Energy, Inc. (Nasdaq: FCEL - News), announced the siting of a Direct FuelCell® (DFC®) power plant at the Nippon Metal Industry Co., Ltd., in Japan. Marubeni, Asian partner of fuel cell developer FuelCell Energy, will install a 250 kW DFC® power plant to the Sagamihara Works of Nippon Metal in the second quarter of 2003. The facility, located in the City of Sagamihara, Prefecture of Kanagawa, produces high quality specialty steels for a wide variety of applications and industries worldwide - including for use in FuelCell Energy"s fuel cell stacks. The DFC® cogeneration unit will operate using town gas and supply the facility with electricity and steam.

"Marubeni is excited to provide Nippon Metal with a reliable source of high-quality, high-efficiency power using clean, DFC® technology," said Takeo Nakata, General Manager of Marubeni"s New Energies Team. "The industrial market in Japan and Asia holds significant potential for large- scale DFC® distributed power generation. This is particularly true in areas where traditional DG technology is not appropriate due to high emissions."
"Marubeni continues to be an aggressive and innovative partner in their effort to identify high-value sites where our DFC power plants can truly benefit the customer," said Jerry D. Leitman, Chairman and CEO of FuelCell Energy, Inc. "In addition to the Nippon facility being an excellent example of an industrial application for our products, Nippon itself is an important strategic supplier for Marubeni and FuelCell Energy as we build out our commercial strategy in Asia."
This is Marubeni"s third DFC® project in Japan. Previously, Marubeni announced the siting of a 250 kW DFC® power plant at the Fukuoka Metropolitan Wastewater Treatment District, and another 250 kW DFC® power plant at the industrial wastewater facility at the Kirin Brewery outside of Tokyo. This unit will also be operated in cogeneration mode.

About Direct FuelCells®
Direct FuelCells generate electricity with no combustion. They are, in-effect 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 (like NOx, SOx, particulates). The high efficiency leads to more electric power from less fuel.

About Nippon Metal
The Nippon Metal Industry Co., Ltd., (www.nikkinko.co.jp), also known as NTK, was established in 1932 and is one of Japan"s leading suppliers of stainless and heat-resistant steels to the construction, automobile and industrial machinery industries worldwide.

About FuelCell Energy
FuelCell Energy, Inc. (www.fuelcellenergy.com), based in Danbury, Connecticut, is a world-recognized leader for development and commercialization of high efficiency fuel cells for electric power generation. The Company"s Direct FuelCell® (DFC®) technology eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel. This results in a product whose cost, combined with high efficiency, simplicity and reliability, results in product advantages for stationary power generation. The Company has been developing DFC technology for stationary power plants with the U.S. Department of Energy through the National Energy Technology Laboratory, whose advanced fuel cell research program is focused on developing a new generation of high performance fuel cells that can generate clean electricity at power stations or in distributed locations near the customer, including hospitals, schools, data centers and other commercial and industrial applications.

About Marubeni
The Marubeni Corporation (www.marubeni.co.jp), established in 1858, is one of Japan"s leading general trading/marketing houses (sogo shosha). The Company was ranked as the 25th largest in Fortune Magazine"s Global Fortune 500 list for 2002. Marubeni has 13 Divisions with operations that encompass domestic, import/export, offshore trade and investment activities, which range from the development of natural resources to the retail marketing of finished products. The Company, based in Tokyo, conducts these operations through a worldwide business network that includes 52 overseas corporate offices and 28 overseas subsidiaries, for a total of 131 offices in 73 countries.
Marubeni"s Utility & Infrastructure Division has been involved in the development of over 20,000 MWs of power generation worldwide. The Division has expanded its efforts to include distributed generation technologies, and energy & environmental services.

Source: The Marubeni Corporation; FuelCell Energy, Inc.
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