30.7.2004: Meldung: FuelCell Energy and LOGANEnergy join forces
The two companies have signed a Market Development Agreement whereby FuelCell Energy will provide the power plants along with related engineering and technical support. LOGAN will contribute its expertise in developing fuel cell power plants for commercial and industrial customers, along with site-specific duties such as permitting, utility interconnections and power plant installation.
"We always look to align ourselves with experienced partners who have a proven track record of successful distributed generation projects and LOGAN certainly meets that criteria," said Herbert T. Nock, Senior Vice President of Marketing and Sales of FuelCell Energy. "When LOGAN approached us, we knew of their history with fuel cell projects and we are extremely pleased that they will bring that knowledge to bear as part of our team."
"LOGANEnergy and FuelCell Energy are prefect partners," said Sam Logan, Jr., President of LOGAN. "Direct FuelCells represent the next generation of fuel cell power generation and we are very pleased to be able to help bring them into even wider commercial use."
About Direct FuelCells
Direct FuelCells efficiently generate clean electricity at distributed customer locations, including hospitals, schools, universities, hotels and other commercial and industrial facilities, as well as in grid-support applications for utility customers. Direct FuelCells operate similar to large, continuously operating batteries except they utilize a fuel to generate electricity, such as natural gas or digester gas from wastewater treatment facilities. DFC power plants are hydrogen generators, and because of this are ready today and do not require the creation of a hydrogen infrastructure. This high-efficiency technology generates more electric power from less fuel and with less carbon dioxide emissions than traditional combustion methods. The sub-megawatt fuel cell power plant is a collaborative effort using Direct FuelCell(R) technology of FuelCell Energy and the Hot Module(R) balance of plant design of MTU CFC Solutions, GmbH, a subsidiary of DaimlerChrysler.
LOGANEnergy Corporation specializes in planning, designing, developing, and implementing fuel cell commercialization strategies. This business plan emerged in 1994 when the company engaged its first fuel cell marketing and sales agreement, becoming an independent developer of fuel cell projects. In the years since then, LOGAN has analyzed hundreds of fuel cell applications, and acquired technical skills, knowledge and expertise with, project design, development and installation of large-scale commercial fuel cell power plants. LOGAN""s customers include the Department of Defense, fuel cell manufacturers, electric and gas utilities, universities, public agencies, and other commercial accounts. The company currently has fuel cell projects at 21 U.S. locations in 14 states ranging from Hawaii to Florida, the Atlantic seaboard to New Jersey, and a project in the UK.
About FuelCell Energy, Inc.
FuelCell Energy, Inc., based in Danbury, Connecticut, is a world leader in the development and manufacture of high temperature hydrogen fuel cells for clean electric power generation. The Company has developed commercial distribution alliances for its carbonate Direct FuelCell products with MTU CFC Solutions in Europe; Marubeni Corporation in Asia; Enbridge Inc. in Canada; Caterpillar, PPL Energy Plus, Chevron Energy Solutions and Alliance Power in the U.S. FuelCell Energy developed its patented Direct FuelCell technology for stationary power plants with the U.S. Department of Energy through its Office of Fossil Energy""s National Energy Technology Laboratory.
FuelCell Energy is also developing next generation high temperature fuel cell products, such as a diesel fueled marine Ship Service Fuel Cell, a combined-cycle DFC/Turbine(R) power plant and solid oxide fuel cells for applications up to 100 kilowatts. More information is available at http://www.fuelcellenergy.com/ .
This news 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.
FuelCell Energy, Inc.
Steven P. Eschbach, 203-825-6000