DANBURY, Conn., Dec. 30, 2019 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions, recently announced the start of commercial operation of the 2.8 megawatt fuel cell project located at the city of Tulare, California’s waste water treatment facility. This milestone is the culmination of fifty years of innovation optimizing the application of SureSource power plants for power generation with on-site renewable fuels.
Using biogas began with the company’s very first commercial power plant shipment in 2003. That first 250 kW system operated on digester gas at a Kirin Brewery in Japan. A year later the company started the first prototype of today’s 1.4MW SureSource 1500 at the King County Wastewater Treatment plant in Renton, Washington. In subsequent years, the company has deployed over 20 MW of fuel cell systems operating on renewable biogas at wastewater treatment facilities agricultural facilities and breweries in California and around the world, leading up to the recently commissioned 2.8 MW Tulare project and the in-development 1.4 MW San Bernardino project.
FuelCell Energy’s continued focus on innovation led to a series of improvements in the gas cleaning and purification techniques the company uses to execute on-site biogas applications, leading to the best in class solution for clean power generation from this abundant and ever growing renewable resource. Some of the key advances developed through this extensive experience include the following:
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These advances uniquely position FuelCell Energy to maintain a market leadership position and capture significant market share associated with the growing biogas power generation opportunity. The U.S. Department of Agriculture has previously estimated the potential for electricity generation from biogas in the United States is 4.7 GW, consisting of 0.6 GW wastewater, 2.6 GW landfill, and 1.5 GW agricultural1. The World Biogas Association estimates the global potential for wastewater and landfill gas opportunities to be 40 – 50 times that of the United States, and the agricultural potential more than 200 times.2 Only a fraction of this potential is currently being used for power generation, meaning that biogas methane is being vented or burned in flares, negatively impacting the environment. Widespread application of on-site biogas power production using the advanced technologies developed at FuelCell Energy can eliminate this waste and contribute to global decarbonization objectives.
1 https://www.usda.gov/oce/reports/energy/Biogas_Opportunities_Roadmap_8-1-14.pdf2 https://www.worldbiogasassociation.org/wp-content/uploads/2019/09/WBA-globalreport-56ppa4_digital-Sept-2019.pdf
Cautionary Language This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements with respect to the Company’s anticipated financial results and 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, changes to projected deliveries and order flow, changes to production rate and product costs, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, unanticipated manufacturing issues that impact power plant performance, changes in critical accounting policies, 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 based.
About FuelCell EnergyFuelCell Energy, Inc. (NASDAQ: FCEL) delivers efficient, affordable and clean solutions for the supply, recovery and storage of energy. We design, manufacture, undertake project development of, install, operate and maintain megawatt-scale fuel cell systems, serving utilities and industrial and large municipal power users with solutions that include both utility-scale and on-site power generation, carbon capture, local hydrogen production for transportation and industry, and long duration energy storage. With SureSource™ installations on three continents and millions of megawatt hours of ultra-clean power produced, FuelCell Energy is a global leader in designing, manufacturing, installing, operating and maintaining environmentally responsible fuel cell power solutions. Visit us online at www.fuelcellenergy.com and follow us on Twitter @FuelCell_Energy.
SureSource, SureSource 1500, SureSource 3000, SureSource 4000, SureSource Recovery, SureSource Capture, SureSource Hydrogen, SureSource Storage, SureSource Service, SureSource Capital, FuelCell Energy, and FuelCell Energy logo are all trademarks of FuelCell Energy, Inc.
Contact: | FuelCell Energy203.205.2491ir@fce.com Source: FuelCell Energy |