FuelCell Energy Announces Completion Of 5.6 Megawatt Power Plant Installation For Pfizer

  • Ultra-clean and affordable power for the 160 acre Connecticut campus
  • Complete turn-key project completed in only 10 months
  • FuelCell Energy, through a direct subsidiary, retains power purchase agreement and long term project cash flows with financing provided by PNC Energy Capital

DANBURY, Conn., Nov. 04, 2016 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc.  (Nasdaq:FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, announced the completion of construction and commercial operation of a previously announced 5.6 megawatt fuel cell project located on the Pfizer 160 acre research and development facility in Groton, Connecticut.  A dedication event was held at the installation yesterday, attended by local, State and Federal legislative officials, including Connecticut Governor Dannel Malloy, Connecticut Senator Richard Blumenthal, Commissioner Catherine Smith of Connecticut Department Economic & Community Development, and Commissioner Katie Dykes of  Connecticut Public Utilities Regulatory Authority. 

FuelCell Energy delivered a complete turn-key solution including the installation, operation and maintenance of the fuel cell plants.  Pfizer purchases the power and heat generated by the ultra-clean fuel cells as it is produced under a twenty year power purchase agreement from a direct subsidiary of FuelCell Energy.  Pfizer also benefits from increased energy resiliency from on-site power and its sustainability goals are supported by both the clean power generation and the combined heat and power configuration that generates usable heat along with the power.  This project was engineered, manufactured and commissioned all within 2016, demonstrating FuelCell Energy's ability to rapidly install clean and affordable power generation where the power is needed.

"We value Pfizer as a vibrant contributor to the local economy and further investments in their campus, such as this fuel cell power plant project, support their commitment to the region," said Marian Galbraith, Groton City Mayor.  "The City and, in particular Groton Utilities, appreciate the opportunity to be a partner in the pursuit of green energy options which are good for business and good for our citizens."

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