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FuelCell Energy, Inc. (FCEL) Reports Completion Of 14.9 Megawatt Fuel Cell Park

|Includes: FuelCell Energy, Inc. (FCEL)

FuelCell Energy, a global leader in the design, manufacture, operation, and service of efficient and reliable fuel cell power plants, announced the completion of the 14.9 megawatt (MW) Bridgeport fuel cell park and acceptance by Dominion, the project owner. The installation consists of five fuel cell power plants and an organic rankine cycle turbine for added output and further efficiency gains, with the power output adequate to power approximately 15,000 average size U.S. homes.

"Dominion is pleased to be adding 15 megawatts of additional renewable energy in Connecticut to our existing 2,100 megawatts of carbon-free power from our Millstone Power Station," stated David A. Christian, Dominion Generation chief executive officer. "These stations are generating clean, reliable electricity for Connecticut."

"The beginning of operations for the Bridgeport Fuel Cell Power Park represents an important milestone on the path toward Governor Malloy's vision of a cheaper, cleaner, and more reliable energy future for Connecticut's residents and businesses," commented Connecticut Department of Energy and Environmental Protection Commissioner Daniel Esty. "This project highlights Connecticut's new approach to clean energy, which focuses on using limited ratepayer dollars to leverage private capital and to get the greatest possible ratepayer benefit per dollar of public funds expended."

"The commencement of commercial operation by delivering electricity to the electric grid is a major milestone for a Project that is bringing international recognition to the City of Bridgeport and highlighting the capability of utility-scale fuel cell parks," added Bridgeport Connecticut Mayor Bill Finch. "This event marks the completion of a unique and successful public/private development effort, and the delivery of electricity is a key element of the City's BGreen 2020 initiative as we work to make Bridgeport the cleanest and greenest City in the region."

"We met our commitments, delivering a turn-key multi-unit fuel cell park on schedule and in less than a year," said Chip Bottone, President & Chief Executive Officer, FuelCell Energy, Inc. "Our team developed the project, manufactured the fuel cell power plants, performed engineering, procurement and construction services, and now that the plants are operational, FuelCell Energy will operate and maintain the fuel cell park for Dominion during the 15 year term of the energy purchase agreement."

For more information, visit fuelcellenergy.com

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