FuelCell Energy Announces Operation Of World's Largest Carbon Neutral Fuel Cell Power Plant
Fuel cells are highly efficient and can achieve efficiencies up to 90 percent when byproduct heat is utilized. The byproduct heat from this power plant will be used to help create the renewable biogas by heating the anaerobic digesters that produce the biogas. High efficiency decreases energy costs and provides more electrical output from the same amount of biogas than less efficient alternatives.
IEUA is a municipal water district located in western San Bernardino County, California with a mission to supply drinking water, collect and treat wastewater, produce beneficially reusable compost and high quality recycled water to the 850,000 residents living within its 242-square miles service area.
Anaergia, headquartered in Burlington, Ontario, Canada, is a global leader in the generation of renewable energy from organic waste streams. Anaergia offers a wide range of anaerobic treatment solutions to municipal, industrial and agricultural markets with more than 20 years of experience and 1,600 operational renewable energy from biogas projects globally.
About FuelCell Energy
Direct FuelCell® power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. With approximately 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 See us on YouTube at www.youtube.com/user/FuelCellEnergyInc?feature=watch The FuelCell Energy, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3284 This news release contains forward-looking statements, including 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, whether the Company is able to reach definitive agreements on the terms contemplated in the memorandums of agreement with POSCO Energy, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, 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. Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are all registered trademarks of FuelCell Energy, Inc. DFC-ERG is a registered trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.CONTACT: FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com
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