FuelCell Energy, Inc. operates as an integrated fuel cell company. The company designs, manufactures, sells, installs, operates, and services ultra-clean stationary fuel cell power plants for distributed power generation. The company’s power plants provide megawatt (MW)-class on-site power and utility grid support, helping customers solve their energy, environmental, and business requirements. The company’s plants are operating in approximately 50 locations on 3 continents and have generated approximately 4 billion kilowatt hours of electricity. The company provides power generation solutions to its customers, including power plant installations, as well as power plant operation and maintenance under multi-year service agreements. The company both develops projects and sells direct to the end-user of the power and utilities, either the full turn-key solution or the fuel cell equipment only. The company targets large-scale power users with its MW-class installations. The company’s customer base includes utility companies, municipalities, universities, government entities, and various industrial and commercial enterprises. Its major geographic markets are South Korea and the United States, and the company is pursuing expanding opportunities in Asia, Europe, and Canada. Products The company’s core fuel cell products (Direct FuelCell or DFC power plants) offer ultra-clean power generation for customers, including the 2.8 MW DFC3000, the 1.4 MW DFC1500, and the 300 kW DFC300 plus derivations of this core DFC product for specific applications. The plants are scalable for multi-MW utility scale applications or on-site combined heat and power (CHP) generation for a range of applications. The company could provide a fuel cell project that includes project development, engineering procurement and construction services, operations and maintenance, and project finance. The company markets different configurations of the DFC plants to meet specific market needs, such as: On-Site Power (Behind the Meter): On-site CHP power projects generally range in size from a single 1.4 MW DFC1500 to combining multiple 2.8 MW DRC3000 power plants for projects up to approximately 14 MW in size. Utility Grid Support: The DFC power plants are scalable, which enables siting multiple fuel cell power plants together in a fuel cell park. Fuel cell park examples include a five plant, 14.9 MW fuel cell park in Bridgeport, Connecticut that is supplying the electric grid, and multiple fuel cell parks in South Korea approximately 10 MWs each that supply power to the electric grid and heat to district heating systems, such as a 59 MW installation, which is consisting of 21 power plants. The company’s products could be part of a total on-site power generation solution with its products providing continuous power, and could be combined with intermittent power generation, such as solar or wind, or less efficient combustion-based equipment that provides peaking or load following power. The DFC plants could also be configured as a micro-grid, either independently or with other forms of power generation. Higher Electrical Efficiency - Multi-MW Applications: The HEFC (High Efficiency Fuel Cell) system is configured with a series of three fuel cell modules that operate in sequence, yielding a higher electrical efficiency than the standard DFC3000 configuration of two fuel cell modules operating in parallel. The HEFC system is targeted at applications with large load requirements and limited waste heat utilization, such as utility/grid support or data centers. Gas Pipeline Applications: Direct FuelCell Energy Recovery Generation power plants are used in natural gas pipeline applications, harnessing energy that is otherwise lost during the station’s natural gas pressure-reduction (letdown) process. Carbon Capture: The DFC carbon capture system separates carbon dioxide from the flue gases of natural gas or coal-fired power plants or industrial facilities while producing ultra-clean power. Exhaust flue gas from the coal/gas plant is supplied to the cathode side of the fuel cell, instead of ambient air. The company is evaluating sites with co
fuelcell energy inc (FCEL:NASDAQ GM)
3 Great Pasture Road
Danbury, CT 06810
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