2.11.2007: Meldung: FuelCell Energy announces sale of power plant
The Direct FuelCell(r) (DFC(r)) system is being purchased by FuelCell Energy"s distribution partner LOGANEnergy. LOGAN will own and operate the plant, supplying electricity to PMRF, a U.S. Navy base. The DFC300 plant will provide approximately 36 percent of PMRF"s power and is scheduled for installation by September of 2009.
The DFC300 will be used to generate electricity for baseload power while the high-grade heat it produces will be processed through an adsorption chiller and used for air conditioning. Because of this combined heat and power feature and the high cost of electricity in Hawaii, the Navy should realize a significant reduction in its power costs.
Chris Davis, Chief Operating Officer, of LOGANEnergy said, "We are pleased to have the opportunity to expand our relationship with the Navy, specifically the Naval Air Warfare Weapons Division located in China Lake, CA which has authorized funding for this project. The site that China Lake has selected for this project, the Pacific Missile Range Facility, is an energy-intensive operation and requires absolute reliability 24/7.
"Energy is always a challenge in Hawaii, but this site is more isolated than most making grid-electricity very expensive," Davis continued. "We"re demonstrating that FuelCell Energy"s DFC unit is an economical, reliable and efficient way to produce electricity and heat."
DFC power plants produce electricity in an electrochemical reaction, running on a variety of fuels that include renewables such as biogas, as well as traditional energy sources, like natural gas. In remote locations such as PMRF, or where the energy infrastructure is less developed, DFC power plants can generate reliable electricity using transportable, easily stored fuels like propane. The PMRF plant will run on HD-5 propane, a standard fuel available at PMRF.
"This order for the Navy is an excellent example of the suitability of our DFC fuel cells for a wide variety of applications," said Bruce Ludemann, Senior Vice President Sales and Marketing for FuelCell Energy, Inc. "Near zero NOX and SOX, low CO2 and fuel flexibility, make DFC fuel cells easy to site - even in the most remote geographies. Having a DFC power plant onsite also ensures increased energy independence from the grid and greater reliability."
PMRF is the world"s largest instrument training, test and evaluation proving ground, supporting underwater, surface and air operations. Encompassing 1,100 square miles underwater and 42,000 square miles of controlled airspace, PMRF also transmits real-time test data and video throughout the U.S.
About FuelCell Energy Inc.
FuelCell Energy is the world leader in the development and production of stationary fuel cells for commercial, industrial, municipal and utility customers. FuelCell Energy"s ultra-clean and high efficiency DFC(r) fuel cells are generating power at over 50 locations worldwide. The company"s power plants have generated more than 200 million kWh of power using a variety of fuels including renewable wastewater gas, biogas from beer and food processing as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers, trading companies and power companies around the world. The company also receives substantial funding from the US Department of Energy and other government agencies for the development of leading edge technologies such as hybrid fuel cell/turbine generators and solid oxide fuel cells. For more information please visit our website at www.fuelcellenergy.com.
This news release contains forward-looking statements, including statements regarding the Company"s plans and expectations regarding the continuing 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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: FuelCell Energy, Inc.