FuelCell Energy Announces Megawatt-Class Power Plant Order From Hartford Steam
for Installation at a Hospital in Connecticut
*1.4 megawatt power plant to be installed by the end of 2013
*Project completed under State of Connecticut's multi-year LREC program
DANBURY, Conn., April 17, 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 the sale of a megawatt-class fuel cell power plant for installation
at Hartford Hospital in Hartford, Connecticut. Hartford Steam Company, owned
by Energenic of Mays Landing, New Jersey, purchased the fuel cell power plant
and will sell the ultra-clean electricity and steam generated by the power
plant to Hartford Hospital under a long term energy purchase agreement (EPA)
that will result in savings to the Hospital.Excess heat not used by the
hospital will be supplied to the district heating system in Hartford that is
owned and operated by Hartford Steam and serves the Learning Corridor
Corporation, a magnet school system.
"The ability of the fuel cell power plant to produce both electricity and
steam from the same unit of fuel supports the attractive economics of this
installation," said Derek Rudd, President, Hartford Steam Company. "We are
interested in diversifying our combined heat and power generation portfolio
and the low emission profile of this on-site power plant supports our
sustainability and green initiatives."
Hartford Hospital, with 867 beds for patient care, is one of the largest
teaching hospitals and tertiary care centers in New England.The EPA structure
will allow the hospital to benefit from ultra-clean on-site power as well as
recognize cost savings from the high efficiency of the fuel cell power plant.
"Our power plants are easy to site due to their clean air profile, quiet
operations, relatively modest space requirements, and continuous power
production," said Ben Toby, Vice President Eastern Region and International
Sales, FuelCell Energy, Inc."Our fuel cell power plants are well suited for
supporting district energy systems such as the Hartford Steam system as they
are scalable to create multi-megawatt large co-generation systems."
Over one year of power production, the fuel cell power plant is expected to
prevent the emission of more than 57,000 pounds of nitrogen oxide (NOx), a
pollutant that causes smog, as well as preventing the emission of more than
128,000 pounds of sulfur dioxide (SOx) and more than 3,000 pounds of
particulate matter (PM) compared to conventional combustion-based power
generation.The high efficiency of the fuel cell power generation process
significantly reduces CO[2 ]emissions compared to combustion-based power
generation and the combined heat and power (CHP) configuration further drives
efficiency. The power plant is expected to prevent the emission of more than
6,700 tons of CO over the course of one year when compared to conventional
combustion-based power generation, which is equivalent to removing more than
1,200 cars from the road.
The 1.4 megawatt DFC1500® fuel cell power plant will be located immediately
adjacent to the hospital, occupying only about 2,250 square feet, which is
minimal for renewable power generation.By comparison, 1.4 MW of solar power
requires approximately 200 times greater space than the fuel cell power
plant.1.4 megawatts of power production is adequate to power approximately
1,400 average Connecticut homes.
The project owner, Hartford Steam, is eligible to receive renewable energy
credit payments for each megawatt hour of power produced under the State of
Connecticut LREC program due to the high efficiency and virtual lack of
pollutants from the fuel cell power plant.Connecticut has created a number of
long term programs and objectives to drive deployment of clean distributed
generation, including the authorization of renewable energy credits for
low-emissions technologies such as fuel cells. The two major electric
utilities in the State administer the $300 million dollar, 15 year program,
choosing eligible technologies based on submitted bid valuations for the RECs.
The long-term nature of the multiyear REC program makes it attractive to
owners and project investors as it provides them with certainty of economic
returns. An overview of the LREC program published by the electric utility
administrators in 2012 is available by clicking here.
Direct FuelCells® (DFC®) 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. DFC power plants are fuel
flexible, capable of operating on natural gas, renewable biogas or directed
biogas. The Hartford Hospital installation will operate on natural gas. Total
efficiency of up to 90 percent can be achieved by a CHP-configured DFC power
plant, depending on the application. High efficiency reduces fuel costs and
carbon emissions and producing both electricity and heat from the same unit of
fuel can reduce the use of combustion based boilers used for heating, further
reducing costs and the emission of pollutants.
The distributed generation attribute of fuel cells provides continuous power
at the point of use, easing congestion of the transmission grid and enhancing
power reliability. Customers include utilities that incrementally add power
generation throughout their service network as well as municipal, industrial
and government power users that value virtually emission-free on-site power
About Hartford Steam
Hartford Steam Company owns and operates two district energy systems that heat
and cool more than 60 buildings totaling approximately 14 million square feet
in Hartford, Connecticut.Hartford Steam, founded in 1962 and purchased by
Energenic in 2012, serves 85 percent of the downtown Hartford area Class A
office space. Energenic specializes in the comprehensive design, development,
construction and operation of large-scale energy projects. For more
information, visit www.energenic-us.com.
About FuelCell Energy
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
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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
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projected. Factors that could cause such a difference include, without
limitation, whether the Company is able to reach definitive agreements on the
terms contemplated in the memorandums of agreementwith POSCO Energy, general
risks associated with product development, manufacturing, changes in the
regulatory environment, customer strategies, potential volatility of energy
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