- Increases the value of carbon capture credits
- Eliminates cap on amount of available credits
- Extends credits to industrial re-use of CO2, sequestration and enhanced oil recovery
Carbonate fuel cells have the ability to concentrate carbon dioxide in dilute flue gas streams while making power, making this approach to carbon capture more economical than existing scrubber conventional capture technology. The potential breakthrough comes from an increase in electrical output using the fuel cells, which generate power, compared to a nearly equivalent decrease in electricity using conventional technology. FCE is developing the technology for capture of CO2 from coal based power generation, in a development and demonstration project supported by the US Department of Energy. The company is also pursuing the use of carbonate fuels cells for carbon capture from natural gas power systems and in parallel is progressing a pilot plant for capture from natural gas fueled systems in a joint development program with ExxonMobil.Concentrating carbon dioxide is a normal side reaction for our proprietary fuel cell's electrochemical generation process. In the carbon capture context, power plant exhaust is directed to the fuel cell, replacing air that is normally used in combination with natural gas during the fuel cell power generation process. As the fuel cell generates power, the carbon dioxide becomes more concentrated, allowing it to be more easily and affordably captured and stored. Utilizing fuel cells, 90% of the CO2 emissions can be captured, as well as destroying 70% of NOx from a plant's emission stream. Fuel cells use chemistry to convert a fuel source into electricity and heat in a highly efficient process that emits virtually no pollutants as the fuel is not burned. The combination of near-zero pollutants, modest land-use needs, and quiet operating nature of these stationary fuel cell power plants facilitates installation in urban locations where the power is used. Customers benefit with operating cost reductions delivered in a manner that supports sustainability goals and enhances power reliability. With high availability and capacity factors, fuel cell power plants make meaningful contributions to Renewable Portfolio Standard targets.
About FuelCell Energy FuelCell Energy (NASDAQ:FCEL) delivers efficient, affordable and clean solutions for the supply, recovery and storage of energy. We design, manufacture, undertake project development, install, operate and maintain megawatt-scale fuel cell systems, serving utilities, industrial and large municipal power users with solutions that include both utility-scale and on-site power generation, carbon capture, local hydrogen production for transportation and industry, and long duration energy storage. With SureSource™ installations on three continents and millions of megawatt hours of ultra-clean power produced, FuelCell Energy is a global leader with environmentally responsible power solutions. Visit us online at www.fuelcellenergy.com and follow us on Twitter.SureSource, SureSource 1500, SureSource 3000, SureSource 4000, SureSource Recovery, SureSource Capture, SureSource Hydrogen, SureSource Storage, SureSource Service, SureSource Capital, FuelCell Energy, and FuelCell Energy logo are all trademarks of FuelCell Energy, Inc.
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