08.10.03

8.10.2003: Meldung: FuelCell Energy power plant at Japan Petroleum Exploration Co.,

The Marubeni Corporation and FuelCell Energy, Inc. , announced the siting of a Direct FuelCell(R) (DFC(R)) power plant at Japan Petroleum Exploration Co., Ltd. (JAPEX) facilities near Nagaoka City in Japan. Marubeni, Asian partner of fuel cell developer FuelCell Energy, will supply a 250-kilowatt DFC300A power plant to JAPEX""s Katakai natural gas gathering station located in the Niigata Prefecture in the fourth quarter of 2003. The DFC unit will operate on the natural gas being produced from the field, and will provide electricity for JAPEX""s natural gas processing facilities on the site.

"We are pleased to provide JAPEX with a highly-reliable, high-efficiency source of power for use in remote areas such as their natural gas field," said Takeo Nakata, General Manager of Marubeni""s New Energies Team. "The remote, off-grid and island markets in Japan and Asia are another major market segment that holds significant potential for small and large-scale DFC power generation. This project will demonstrate the market potential for this technology throughout JAPEX""s service territory in Northern Japan. DFC power plants offer a clean alternative to traditional reciprocating engine-based distributed generation."

"This siting announcement demonstrates Marubeni""s commitment to developing new and exciting markets for our DFC power plants," said Herbert T. Nock, Senior Vice President of Marketing and Sales of FuelCell Energy, Inc. "With the projects announced to date, Marubeni is seeding the market in key applications that we believe will be the foundation for additional orders in Japan and Asia."

This is Marubeni""s fourth identified DFC power plant project in Japan. Previously, Marubeni announced the siting of 250-kilowatt DFC power plants at the Nippon Metal Industry facility, the Fukuoka Metropolitan Wastewater Treatment District and at the Kirin Brewery in Toride. The Kirin Brewery DFC300A power plant has been operating since January 2003, and the Nippon and Fukuoka units are expected to be operating this fall. Marubeni has a total customer commitment of 4.25 megawatts for DFC power plants from FuelCell Energy.

About Direct FuelCells

Direct FuelCells 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. Because hydrogen is generated directly within the fuel cell module from readily available fuels such as natural gas and wastewater treatment gas, DFC power plants 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.

About FuelCell Energy

FuelCell Energy, Inc. (http://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 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, universities, data centers, hotels, wastewater treatment plants and other commercial and industrial applications, as well as in grid support applications for utility customers. The Company has developed commercial distribution alliances for its carbonate Direct FuelCell technology with a number of global companies, including Marubeni.

About JAPEX

Japan Petroleum Exploration Co., Ltd., (http://www.japex.co.jp/), known as JAPEX, was established in 1955 and is one of Japan""s leading petroleum exploration & production companies. The company is based in Tokyo, with main offices in Akita, Nagaoka and Sapporo in Japan, and overseas offices in Beijing, Houston, Jakarta and London.

About Marubeni

The Marubeni Corporation (http://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 megawatts of power generation worldwide. The Division has expanded its efforts to include distributed generation technologies, and energy & environmental services.
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