FuelCell Energy Ships Power Plant
June 28, 2001 5:58:00 PM ET
DANBURY, Conn.--(BUSINESS WIRE)--June 28, 2001--FuelCell Energy, Inc. FCEL shipped a 250 kW Direct FuelCell(R) (DFC(R)) power plant to the Mercedes-Benz manufacturing facility in Tuscaloosa, Ala. The power plant will tie into the existing power distribution system of the Mercedes plant and provide project participants with operating experience and data. It will also serve as a demonstration of the clean and efficient operation of DFC power plants. Project participants in the commercial field trial include Southern Company, Alabama Municipal Electric Authority, Alabama Power, Mercedes-Benz U.S. International, Inc. and FuelCell Energy.
About Direct FuelCells
Direct FuelCells(R) (DFC(R)) generate electricity with no combustion. They are, in-effect, like large continuously operating batteries that generate electricity as long as fuel, such as natural gas, is supplied. Since the fuel is not burned, there is no pollution commonly associated with the combustion of fossil fuels. Also, the high efficiency leads to more electric power from less fuel and with less carbon dioxide emissions. DFC technology eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel. This results in a product whose cost, combined with high efficiency, simplicity and reliability, results in product advantages for stationary power generation.
About FuelCell Energy, Inc.
FuelCell Energy, Inc. (www.fuelcellenergy.com), based in Danbury, Connecticut, is a world-recognized leader for development and commercialization of high efficiency fuel cells for electric power generation. The Company has been developing DFC technology for stationary power plants with the U.S. Department of Energy through the National Energy Technology Laboratory, whose advanced fuel cell research program is focused on developing a new generation of high performance fuel cells that can generate clean electricity at power stations or in distributed locations near the customer, including hospitals, schools, data centers and other commercial and industrial applications.
This press release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its fuel cell technology. 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, the risk that commercial field trials of the Company's products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, 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.
Contact Information:
Investor Contact:
FuelCell Energy, Inc.
Joseph G. Mahler, 203/825-6000
jmahler@fce.com
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Media Contact:
Baker Communications Group
Bill Baker, 860/350-9100
wbaker@bakercg.com |
