- Affordable and scalable fuel cell carbon capture supports coal industry
- American innovation and American manufacturing addressing a global need
DANBURY, Conn., April 24, 2017 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL ), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, contributed to the clean coal discussion at the recent National Coal Council’s Annual Spring Meeting; highlighting the Company’s fuel cell carbon capture solution that affordably captures carbon emissions from coal-fired power plants with a scalable solution. FuelCell Energy’s Tony Leo, Vice President of Advanced Applications & Technology Development, presented as part of the Leading Edge Coal Technology Developments panel, following the opening remarks delivered by the Secretary of Energy for the United States Department of Energy (DOE).
“We believe fuel cell carbon capture is a central part of the discussion when talking about solutions for enhancing the use of coal because the benefits are industry-changing from an environmental, economic and energy standpoint,” said Tony Leo, Vice President Advanced Applications & Technology Development, FuelCell Energy. “The conversations that took place at this meeting were encouraging as the awareness, support and need for solutions to facilitate cleaner coal continue to grow.”
Mr. Leo’s presentation focused on FuelCell Energy’s scalable and affordable carbon capture solution , which captures carbon emissions from existing coal or gas-fired power plants, while simultaneously producing power. FuelCell Energy is currently engineering the first megawatt-scale system using the technology, in a DOE-supported program that will demonstrate capture of 90% of the CO 2 in a slipstream of the exhaust at a coal power plant, the Southern Company/Alabama Power James M Barry power station in Alabama. While the DOE program focuses on carbon capture from coal-based sources, FuelCell Energy and ExxonMobil are collaborating in a joint development program to also optimize the system for CO 2 capture from natural gas sources. In addition, Cenovus and Alberta Innovates are working with FuelCell Energy to evaluate the use of this solution for carbon capture in Canadian oil sands extraction and upgrading operations.
In his opening address, U.S. Secretary of Energy Rick Perry suggested the need for clean technologies to support the coal industry, stating “The world has changed, and coal has to change as well. As you know, the Department of Energy is working to develop innovative and cost-effective technologies that not only can make coal cleaner and more efficient, but it can help support economic growth, energy security, and American leadership in global technology.”
FuelCell Energy’s carbon capture solution represents American innovation and American manufacturing addressing a significant global challenge and a promising export opportunity.
The National Coal Council is a Federal Advisory Committee to the U.S. Secretary of Energy that was established in 1984 to provide advice and recommendations to the Secretary of Energy on general policy matters relating to coal and the coal industry. Presentations for this session are available here .
Using fuel cells to capture carbon dioxide from natural gas or coal-fired power plants results in reduced emissions and increased power generation. 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 from the cell’s exhaust and stored. This carbon concentration occurs during the regular fuel cell power generation process so power is generated from the fuel cells, providing a source of revenue. Additionally, approximately 70 percent of the smog producing nitrogen oxide (NOx) in the coal flue gas is destroyed by the fuel cells. Click here to learn more.
Cautionary Language This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements with respect to the Company’s anticipated financial results and 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, changes to projected deliveries and order flow, changes to production rate and product costs, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, unanticipated manufacturing issues that impact power plant performance, changes in critical accounting policies, 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.
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.
Source: FuelCell Energy
Contact: FuelCell Energy, Inc. Kurt Goddard, Vice President Investor Relations 203-830-7494 ir@fce.com
