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  • FuelCell Energy, Inc. (FCEL) Sells 1.4 Megawatt Fuel Cell Power Plant 0 comments
    Aug 17, 2010 5:56 PM | about stocks: FCEL

    Fuel Cell Energy Inc. is a leading manufacturer of high efficiency, ultra-clean power plants which use renewable and other fuels for commercial, industrial, government and utility customers. The company’s fuel cells are generating power at over 50 locations worldwide and its power plants have generated over 500 million kilowatts of power.

    The company announced today the sale of a 1.4 megawatt DFC1500 fuel cell power plant to G3 Power Systems Inc. G3 provides complete turnkey fuel cell installations along with engineering and construction services, and power purchase agreements. The sale of this power plant represents the first order by G3 under an agreement with FuelCell Energy.

    The power plant will be installed by G3 at Olivera Egg Ranch LLC, a poultry ranch located in French Camp, California and is expected to be operational by mid-2011. The ranch produces about 14 million cartons of eggs per year for stores and restaurants in the San Francisco area. It is expected that the power plant will be adequate to meet all of the power needs of the ranch facilities.

    The power plant will utilize renewable biogas for fuel, converting what is currently a waste problem for Olivera Egg Ranch into clean electricity that is generated at the point of use. The waste stream from the poultry operation emits ammonia, methane and other gases. An anaerobic digester will be installed and the waste stream will be directed into this structure where heat and microorganisms will reduce the volume of waste and create methane gas as a byproduct. The fuel cell power plant will utilize this methane waste byproduct as fuel to generate renewable electricity.

    G3 said that it has identified a number of opportunities in agriculture along with other commercial opportunities. The company went on to say it looks forward to working with FuelCell Energy to grow the market for fuel cells in California and the western United States. For more information on FuelCell Energy, please visit its website at fuelcellenergy.com.

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net

    Disclosure: no positions

    Stocks: FCEL
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