Dominion To Develop Largest Fuel Cell Power Project In North America
- 14.9-megawatt, Connecticut facility will produce electricity for about
- Project is part of state program to add 150 megawatts of renewable and clean
- FuelCell Energy Inc. will construct and operate power park, says supports
RICHMOND, Va., Dec. 14, 2012
RICHMOND, Va., Dec. 14, 2012 /PRNewswire/ -- Dominion (NYSE: D), one of the
nation's largest energy companies, announced today that it would grow its
clean energy portfolio by developing a fuel cell power generating facility in
Bridgeport, Conn. Dominion acquired this development from FuelCell Energy
Inc. of Danbury, Conn.
The facility will produce 14.9 megawatts of electricity – enough to power
approximately 15,000 homes – using a reactive process that converts natural
gas into electricity.
"The Dominion Bridgeport Fuel Cell is another important step in our efforts to
identify and develop opportunities to produce clean energy that is reliable
and cost effective," said Thomas F. Farrell II, Dominion chairman, president
and chief executive officer. "We are now adding fuel cell technology to our
energy portfolio that already includes wind, hydro, biomass and, soon, solar.
This project supports Connecticut's clean energy goals while producing
significant economic development benefits for the State and the City of
The Dominion Bridgeport Fuel Cell facility is part of Project 150, a program
sponsored by the state and supported by the Clean Energy Finance and
Investment Authority (CEFIA) to increase renewable and clean energy projects
in Connecticut by 150 megawatts. CEFIA is the nation's first full-scale clean
energy finance authority that leverages public and private funds to drive
investment and scale up clean energy deployment in Connecticut. This project
was supported by the City of Bridgeport, which provides a tax incentive
development agreement that will be in place for the life of the project.
Dominion Bridgeport Fuel Cell LLC has contracted with FuelCell Energy Inc. to
build, operate, and maintain the facility. FCE will supply five proprietary
Direct FuelCell® stationary fuel cell systems and an organic rankine turbine
that will use waste heat from the fuel cells to generate a total of almost 15
megawatts of electricity.
FuelCell Energy estimates that the project will support 161 jobs over its
15-year life. The project is scheduled to be completed and placed into
operation in late 2013. Dominion will sell the output of the fuel cell power
station to Connecticut Light & Power under a 15-year fixed power purchase
Dominion owns several renewable energy facilities in the United States,
including wind farms in West Virginia and Indiana, a biomass power station in
Virginia with three more under construction and hydroelectric power stations
in Virginia and North Carolina. The company recently received permission from
its Virginia regulators to lease rooftops from commercial and industrial
companies to build solar-powered generation as a pilot project. It also has
said it would bid on federal lands off the coast of Virginia for a possible
About FuelCell Energy Inc.
Direct FuelCell® power plants are generating ultra-clean, efficient and
reliable power at more than 50 locations worldwide. With approximately 300
megawatts of power generation capacity installed or in backlog, FuelCell
Energy (NASDAQ: FCEL) is a global leader in providing ultra-clean baseload
distributed generation to utilities, industrial operations, universities,
municipal water treatment facilities, government installations and other
customers around the world.
Dominion is one of the nation's largest producers and transporters of energy,
with a portfolio of approximately 27,400 megawatts of generation, 11,000 miles
of natural gas transmission, gathering and storage pipeline and 6,300 miles of
electric transmission lines. Dominion operates one of the nation's largest
natural gas storage systems with 947 billion cubic feet of storage capacity
and serves retail energy customers in 15 states. For more information about
Dominion, visit the company's website at www.dom.com.
Follow us on Twitter at: http://www.twitter.com/DomVAPower.
'Like' us on Facebook at www.facebook.com/dominionvirginiapower
Contact: Media: Jim Norvelle, Dominion, +1-804-771-6115, Jim.Norvelle@dom.com;
Kurt Goddard, Fuel Cell Energy, +1-203-830-7494, email@example.com; Analysts:
Nathan Frost, Dominion, +1-804-819-2187, Nathan.J.Frost@dom.com
Press spacebar to pause and continue. Press esc to stop.