FuelCell Energy (FCEL) Announces Fuel Cell Project with NRG Energy Center Pittsburgh

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FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery, and storage of energy, today announced that the NRG Energy Center in Pittsburgh, Pennsylvania will host a fuel cell power plant under a previously awarded U.S. Department of Energy contract. The power plant will deliver energy to the NRG facility, which provides heating and cooling for more than six million square feet of commercial and residential facilities in downtown Pittsburgh.

According to NRG Energy Center Pittsburgh General Manager Cliff Blashford, “This project supports NRG’s focus on identifying and integrating energy solutions that seek to improve efficiency, lower fuel consumption and costs, and reduce our environmental footprint. We’re pleased to participate, and to support Mayor Peduto’s vision of a smarter, cleaner and more innovative energy future for Pittsburgh.”

“We are leveraging our commercial experience with this new solution, including industry leading electrical efficiency plus thermal capabilities packaged in a design that installs quickly,” said Chip Bottone, President and Chief Executive Officer, FuelCell Energy. “While this application in Pittsburgh will be a demonstration of the use of our solid oxide fuel cell platform for efficient power generation, this common cell platform is also being used in other programs as the basis for our energy storage technology, whereby the cells alternate between electrolysis and fuel cell operation, producing hydrogen during electrolysis mode which is later used to make power in fuel cell mode.”

FuelCell Energy’s SOFC power generation technology generates 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 fuel cell plant hosted at the NRG facility will operate solely on clean natural gas, although the technology is fuel flexible, with the ability to utilize coal syngas, natural gas, on-site renewable biogas or directed biogas. 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.

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