FuelCell Energy Applauds Creation of Fraunhofer Center for Energy Innovation
at University of Connecticut
FuelCell Energy Joint Venture Partner Fraunhofer IKTS Supporting Connecticut
Location for Fuel Cell Research
DANBURY, Conn., Aug. 1, 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,
commends the creation of the Fraunhofer Center for Energy Innovation (CEI) at
the University of Connecticut, which was recently announced by Fraunhofer USA
Inc., the State of Connecticut and the University. Fraunhofer CEI will focus
on research, development and commercialization of highly efficient and cost
effective energy conversion systems.
"The Fraunhofer relationship with Connecticut-based FuelCell Energy was
instrumental in establishing the recently announced Fraunhofer Center for
Energy Innovation at the University of Connecticut," said Prof. Dr. Alexander
Michaelis, director, Fraunhofer IKTS. "We are working closely with our joint
venture partner FuelCell Energy through one of our German institutes, and we
will be closely coordinating with this new institute at the University of
Connecticut for our fuel cell research."
FuelCell Energy, Inc. (FCE) and Fraunhofer IKTS are partners in a German-based
joint venture that is expanding the market in Europe for highly efficient and
environmentally friendly stationary fuel cell power plants. The joint venture,
FuelCell Energy Solutions, GmbH (FCES), with manufacturing in Ottobrun,
Germany and headquarters in Dresden Germany, has customers in multiple
European countries. FuelCell Energy is contributing technology and market
development resources to the joint venture and Fraunhofer IKTS is contributing
applied fuel cell research expertise and supporting market development.
"The Fraunhofer organization provides world-renowned applied research
capabilities and we are pleased to see increasing emphasis on fuel cell
research by Fraunhofer IKTS, now in both Germany and the USA," said Chip
Bottone, President and Chief Executive Officer, FuelCell Energy, Inc. "Our
relationship with Fraunhofer IKTS enables us to leverage our internal research
and development resources as well as gain further market recognition."
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 both FCE and FCES are fuel flexible, capable of operating on natural
gas, on-site renewable biogas, or directed 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 establishment in
Founded in 1949, Fraunhofer is Europe's largest application-oriented research
organization with an annual research budget of €1.9 billion (approximately
$2.5 billion) and more than 22,000 staff, primarily scientists and engineers.
Fraunhofer has research centers and representative offices in Europe, USA,
Asia and the Middle East, and 66 Fraunhofer Institutes and research units at
different locations in Germany. The Fraunhofer IKTS with its staff of 400
highly educated engineers, scientists and technicians is a world leading
institute in the field of advanced ceramics for high tech applications. The
primary markets for IKTS include energy and environmental technology with a
focus on fuel cell development and commercialization.
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 1.7 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 www.fuelcellenergy.com
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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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