FuelCell Energy Announces Solid Oxide Fuel Cell Development Updates

FuelCell Energy Announces Solid Oxide Fuel Cell Development Updates

  *$6.4 million contract award for continued sub-megawatt solid oxide fuel
    cell power plant development
  *On-site biogas powered solid oxide fuel cell power plant demonstration at
    a dairy farm

DANBURY, Conn., Oct. 9, 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 two updates regarding the development and commercialization of solid
oxide fuel cell (SOFC) technology including a $6.4 million cost shared
cooperative agreement with the U.S. Department of Energy (DOE) to continue
research and development on a demonstration sub-megawatt SOFC power plant.
Separately, a DOE supported project to convert agricultural waste into
renewable power utilizing an SOFC power plant is preparing for operation at a
dairy farm in California in conjunction with the project partner TDA Research,
Inc.

"We have a multi-faceted strategy for the commercialization of our solid oxide
fuel cell technology including future coal syngas opportunities under a U.S.
Department of Energy program as well as adjacent market opportunities to our
existing markets including sub megawatt commercial building and wastewater
treatment plant applications," said Chip Bottone, President and Chief
Executive Officer."We are evaluating potential partnerships for the
commercialization of the technology including discussions with organizations
in North America, Asia and Europe."

"We believe our technology is well suited for the market with industry-leading
electrical efficiency of approximately 60 percent plus usable heat for
combined heat and power applications, resulting in total estimated thermal
efficiency between 80 and 85 percent.The technology is also fuel flexible,
with the ability to utilize coal syngas, clean natural gas, on-site renewable
biogas or directed biogas," said Tony Leo, Vice President Application
Engineering & Advanced Technology Development, FuelCell Energy, Inc."We have
increased the size and power density of the individual fuel cells, which is
critical to high volume manufacturing of an economically competitive product
as we enhance the technology and prepare for commercialization."

"Our customer research on sub-megawatt applications reinforces the value of
combined heat and power configurations which use the same unit of fuel to
generate both electricity and heat.This supports economics and sustainability
initiatives by reducing usage of combustion based boilers and their associated
pollutants and greenhouse gases," continued Mr. Leo.

The objective of the DOE award is the demonstration of a sub-megawatt solid
oxide fuel cell power plant configured for combined heat & power (CHP) output
and connected to the electric grid at FuelCell Energy's Danbury, Connecticut
facility.SOFC systems operating on coal syngas, natural gas or biogas can
generate clean power with virtually zero pollutants and significant reductions
in greenhouse gas emissions, particularly when configured for combined heat
and power. The term of the award is 18 months.

Renewable biogas application

A solid oxide fuel cell power plant demonstration is planned for early 2014 at
a dairy farm within the Sacramento Municipal Utility District (SMUD) in
California, USA utilizing renewable biogas from the anaerobic digestion
process to generate electricity and heat.SMUD will facilitate the
installation and operation of the SOFC power system.Many agricultural
operations generate more biogas and electrical generation potential than they
can use for their daily operations, which is why the ability to interconnect
to the electric grid is an important part of understanding the future market
potential and ability to support sustainability of farms and agricultural
industries.

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 Direct FuelCell^® stationary power plants
manufactured by FuelCell Energy utilize carbonate fuel cell technology and
provide continuous baseload power that is located 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
locating the power plants in urban locations.The power plants are fuel
flexible, capable of operating on natural gas, on-site renewable biogas, or
directed biogas.

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
         203-830-7494
         ir@fce.com

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