FuelCell Energy Announces Stationary Fuel Cell Power Plant Service Agreement
With Switzerland-Based Electric Utility
DANBURY, Conn., Jan. 22, 2013 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc.
(Nasdaq:FCEL), a global leader in the design, manufacture, operation and
service of ultra-clean, efficient and reliable fuel cell power plants, today
announced that FuelCell Energy Solutions, GmbH has entered into a multi-year
service agreement for a stationary fuel cell power plant owned by
Elektrizitaetswerke Zurich (ewz), an electric utility company in Switzerland.
FuelCell Energy Solutions (FCES) will operate and maintain the power plant in
close collaboration with ewz and will supervise the plant from a
European-based operations center that is staffed 24 hours a day, seven days a
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ewz is among the largest energy utility companies in Switzerland and is a
supplier of electricity for the city of Zurich as well as parts of the canton
Graubünden since 1892. As a utility, ewz pursues and is actively involved in
the development of new technologies for distributed power generation.
"This fuel cell power plant operating since November 2010 is the first
carbonate fuel cell installation utilized in Switzerland," said Marcel Frei,
Director, Elektrizitaetswerke Zurich. "We want to be the leading utility in
Switzerland with a clear leading position in ecology and energy efficiency. We
are demonstrating our strong motivation to invest in new technologies and in
new renewable energy with this fuel cell power plant. We are performing an
assessment of this carbonate fuel cell power plant to evaluate the electricity
and heat output, the operating costs and the integration with the gas network
for the fuel supply."
The project employees of ewz are closely involved in the operation and
assessment of the stationary fuel cell power plant to study the almost
complete lack of emissions by the fuel cells, the high electrical efficiency,
and the operational flexibility of the power plant.
"We focus on customer satisfaction and our service agreements allow our
customers to concentrate on what they do best while we concentrate on our core
expertise of delivering ultra-clean power in an efficient and reliable
manner," said Chip Bottone, President and Chief Executive Officer FuelCell
Energy, Inc. and Managing Director, FuelCell Energy Solutions GmbH. "The
highly efficient and environmentally friendly baseload power generation
profile of our plants makes them a good solution for supporting power grids
and enabling electric utilities to add power generation in cost effective
increments when and where needed."
FCES will service the existing plant including the scheduled replacement of
the fuel cell stack during the ten year term of the service agreement.
FCES offers a comprehensive portfolio of services for stationary fuel cell
power plants with multi-year service agreements. Highly trained technicians
and engineers remotely operate and maintain the fuel cell power plants, 24
hours per day, 365 days per year. Field service technicians provide on-site
servicing. These service offerings transfer the plant performance
responsibilities to FCES, providing the customers with certainty of costs and
Fuel cells electrochemically convert a fuel source into electricity and heat
in a highly efficient process that emits virtually no pollutants due to the
absence of combustion. The stationary fuel cell power plants manufactured and
sold by FCES are fuel flexible, capable of operating on natural gas or
renewable biogas. The power plants provide continuous baseload power and can
be sited where the power is used, including both on-site applications and
electric grid support. The combination of near-zero pollutants, modest
land-use needs, and quiet operating nature of these stationary fuel cell power
plants facilitates their siting in urban locations.
FCES, with its German manufacturing base, is the sales, manufacturing and
service business for the European Served Area for FuelCell Energy, Inc.
About FuelCell Energy Solutions, GmbH
FuelCell Energy Solutions develops, manufactures, sells, installs, services
and operate stationary fuel cell power plants that efficiently and
economically generate electricity and usable high quality heat. Administrative
offices are located in Dresden, Germany and manufacturing operations are
located in Ottobrunn, Germany. Continuous power generated at the point of use
with the virtual absence of pollutants supports energy security and power
reliability as well as sustainability initiatives. Ultra-Clean baseload
distributed generation is attractive to electric utilities, universities,
hospitals, government facilities, industrial operations and other locations
with significant power needs. Direct FuelCell® (DFC®) power plants are fuel
flexible, capable of operating on clean natural gas or renewable biogas. For
more information please visit our website at www.fces.de
The FuelCell Energy Solutions logo is available at
About FuelCell Energy, Inc.
Direct FuelCell® power plants are generating ultra-clean, efficient and
reliable power at more than 50 locations worldwide. With more than 300
megawatts of power generation capacity installed or in backlog, FuelCell
Energy 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. The Company's power plants have generated more than 1.5 billion
kilowatt hours of ultra-clean power using a variety of fuels including
renewable biogas from wastewater treatment and food processing, as well as
clean natural gas.For more information please visit our website at
See us on YouTube at www.youtube.com/user/FuelCellEnergyInc?feature=watch
The FuelCell Energy, Inc. logo is available at
This news release contains forward-looking statements, including statements
regarding the Company's plans and expectations regarding the continuing
development, commercialization and financing of its fuel cell technology and
business plans. 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, general risks associated with product development, manufacturing,
changes in the regulatory environment, customer strategies, potential
volatility of energy prices, rapid technological change, competition, and the
Company's ability to achieve its sales plans and cost reduction targets, 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
Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are all
registered trademarks of FuelCell Energy, Inc. DFC-ERG is a registered
trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.
CONTACT: FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
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