FuelCell Energy Announces Signing of a Long Term Service Agreement with a California Utility for a Stationary Fuel Cell Power Plant
Agreement with Southern California Edison (SCE) to operate and maintain the 1.4 megawatt Direct FuelCell(R) power plant previously purchased and located at California State University -- San Bernardino
DANBURY, Conn., Feb. 28, 2012 -- FuelCell Energy, Inc.
fuel cell power plants, today announced the signing of a multi-year service
agreement with Southern California Edison (SCE) to operate and maintain the
1.4 megawatt Direct FuelCell(R) power plant previously purchased and located
at California State University -- San Bernardino. FuelCell Energy will
operate and maintain the power plant.
SCE will sell the ultra-clean electricity produced by the fuel cell power
plant to the University under a power purchase agreement and will also
provide the high-grade heat generated by the fuel cell to the University.
The utility benefits with ultra-clean power generation that supports clean
air initiatives, highly efficient power generation that reduces fuel costs,
and on-site power generation, representing incremental capacity that reduces
the need to invest in transmission and distribution.
The ultra-clean power generation supports sustainability goals for the
University as well as reducing fuel costs due to reduced usage of a boiler
for heating. The fuel cell power plant releases virtually zero pollutants
and the high efficiency of the power generation process reduces carbon
emissions. The ability of the fuel cell to generate both power and heat from
the same unit of fuel lessens the University's usage of a combustion-based
boiler for heat, further reducing emissions.
"The fuel cell power plant service agreements that we offer allows our
customers to focus on what they do best while we concentrate on our core
expertise of delivering ultra-clean power in an efficient and reliable
manner," said Chip Bottone, President and Chief Executive Officer, FuelCell
Energy, Inc. "Service is a key aspect of our business model as we operate
and maintain virtually every Direct FuelCell power plant installation,
around the clock."
FuelCell Energy offers a comprehensive portfolio of services for fuel cell
power plants with service agreements ranging from one to 20 years in
duration. Technicians and engineers remotely operate and maintain the Direct
FuelCell power plants globally, 24 hours per day, 365 days per year from the
state-of-the-art Global Technical Assistance Center, located at the
Company's Danbury, Connecticut headquarters. Field service technicians
directly employed by FuelCell Energy service the power plants on-site.
About FuelCell Energy
Direct FuelCell(R) power plants are generating ultra-clean, efficient and
reliable power at more than 50 locations worldwide. With over 180 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 one 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 our website at
www.fuelcellenergy.com
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