DGAP-News: Photo Release -- FuelCell Energy Solutions and BAM Deutschland AG Announce First Stationary Fuel Cell Power Plant Project
(firmenpresse) - FuelCell Energy, Inc.
07.08.2012 09:00
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The Federal Ministry of Education and Research (BMBF) Supports Public-Private
Partnership (PPP) for the Installation of a Fuel Cell Power Plant in the New
BMBF Second Headquarters Office Complex in Berlin, Germany
DRESDEN, Germany and BERLIN, 2012-08-07 09:00 CEST (GLOBE NEWSWIRE) --
FuelCell Energy Solutions, GmbH, a provider of ultra-clean, efficient and
reliable fuel cell power plants, today announced the sale of a sub-megawatt
DFC250-EU(r) stationary fuel cell power plant to BAM Deutschland AG for
installation at the new Federal Ministry of Education and Research (BMBF)
government complex in Berlin, Germany, with the involvement of
Fraunhofer-Gesellschaft zur Foerderung der angewandten Forschung e.V.
(Fraunhofer-Gesellschaft). FuelCell Energy Solutions (FCES) will manufacture
and install the power plant, which is expected to be operational in 2014. Under
a service contract, FCES will also service and operate the power plant over a
ten year period from a service operations center that is staffed around the
clock, 365 days per year.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13955
'The energy transition will be only successful if we push for the development
of necessary technologies,' said Cornelia Quennedt-Thielen, State Secretary of
the Federal Ministry of Education and Research. 'I am convinced that fuel cells
play an important role for the future energy supply. This fuel cell power plant
will demonstrate the value of fuel cell technology for the energy supply of
large buildings.'
'The Ministry required a state-of-the-art office complex that incorporates the
latest advances in energy efficiency and sustainability and a fuel cell power
plant is an important part of our overall solution to meeting these demanding
requirements,' said Dr.-Ing. Markus Koch, BAM Deutschland AG. 'Located near the
Reichstag Parliamentary building and the offices of the German Chancellor, this
office complex and its fuel cell power plant is in a prominent location for
developing awareness of the benefits of efficiency and environmentally friendly
fuel cell power generated on-site.'
BAM Deutschland, a leading construction company in Germany and a subsidiary of
the Dutch Royal BAM Group, is developing the headquarters for the Federal
Ministry of Education and Research that incorporates leading-edge
sustainability and efficiency technology. A variety of innovative energy
concepts will be incorporated including thermo-active cooling/heating blankets
in the ceilings, LED technology for lighting and large scale solar panels. An
intelligent network (i.e. smart grid) will be incorporated throughout the
54,000 m2 complex to manage the individual service elements.
The power plant will utilize high efficiency and virtually pollution-free fuel
cell power to meet approximately 40 percent of the electrical and 20 percent of
the thermal power needs for the complex. A key benefit of the DFC250-EU(r) being
used in this application is the ability to provide both power and usable high
quality heat from the same unit of fuel, supporting the economics through lower
fuel usage as well as advancing sustainability initiatives. For this
application, theheat will be used to generate steam for facility heating in
the winter and will support an absorption chiller for cooling in the warmer
months.
'Fraunhofer IKTS is excited to be supporting this highly visible installation
at the Federal Ministry of Education and Research,' said Prof. Dr. Alexander
Michaelis, Director, Fraunhofer IKTS. 'Distributed fuel cell power generation
is an important component of addressing the power generation challenges facing
Germany and this installation will showcase a German fuel cell solution.'
This contract is a key milestone for FCES since its founding in May of this
year. FCES is a joint venture between Fraunhofer IKTS and FuelCell Energy,
Inc., and the three entities are working together to develop the European
market for stationary fuel cell power plants as well as perform advanced R&D on
the Direct FuelCell(r) (DFC(r)) technology to further enhance performance and the
cost profile. DFC power plants are a proven technology providing a stable,
highly efficient and ultra clean alternative for stationary power generation
applications around the world. FCES, with its German manufacturing base, is the
manufacturing, sales, and service platform for the European Served Area for
FuelCell Energy, Inc.
'Our ultra-clean on-site power generation solutions are applicable for a broad
range of markets in Germany such as this government complex that requires
reliable and efficient power,' said Chip Bottone, President and Chief Executive
Officer FuelCell Energy, Inc. and Managing Director, FuelCell Energy Solutions,
GmbH. 'Our fuel cell plants are scalable and ideal for on-site power where
economics and sustainability are important as well as being well suited for
electric grid support to supplement power generation throughout a utility
service area.'
The sales contract between BAM Deutschland AG and FuelCell Energy Solutions was
closed with the participation of the Fraunhofer-Gesellschaft. The Fraunhofer
Institute for Ceramic Technologies and Systems IKTS is an affiliate, focusing
on the development of new energy supply systems using ceramic system
components. Fraunhofer IKTS has proprietary rights and patents from fuel cell
technology research.
This showcase government project in downtown Berlin for BMBF highlights the
strengths of a team that includes the capabilities of BAM Deutschland AG in the
planning, construction and operation of turnkey large-scale projects in Germany
with the technological strength of Fraunhofer and commercial strengths of the
Direct FuelCell power plants and FuelCell Energy.
Direct FuelCell(r) (DFC(r)) power plants provide ultra-clean electricity and heat
in a highly efficient and reliable manner. Fuel cells generate power through an
electrochemical reaction that does not require combustion. Due to this lack of
combustion, fuel cells generate power that is virtually absent of pollutants
such as nitrogen oxide (NOx), sulfur dioxide (SOx) and particulate matter. Fuel
cells can achieve up to 85 percent efficiency when configured to use the high
quality heat generated by the power plant in a combined heat&power (CHP)
mode. High efficiency reduces fuel costs and carbon emissions and producing
both electricity and heat from the same unit of fuel drives economics while
simultaneously promoting sustainability.
DFC plants provide continuous baseload power and can be sited where the power
is used, including both on-site applications and electric grid support. The
combination of near-zero pollutants, modest land-use needs, and quiet operating
nature of DFC plants facilitates their siting in urban locations.
About FuelCell Energy Solutions, GmbH
FuelCell Energy Solutions develops, manufactures, sells, installs, services and
operate stationary fuel cell power plants that efficiently and economically
generate electricity and usable high quality heat. Administrative offices are
located in Dresden, Germany and manufacturing operations are located in
Ottobrunn, Germany. Continuous power generated at the point of use with the
virtual absence of pollutants supportsenergy security and power reliability as
well as sustainability initiatives. Ultra-Clean baseload distributed generation
is attractive to electric utilities, universities, hospitals, government
facilities, industrial operations and other locations with significant power
needs. Direct FuelCell(r) (DFC(r)) power plants are fuel flexible, capable of
operating on clean natural gas or renewable biogas. For more information please
visit our website at www.fces.de
The FuelCell Energy Solutions logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13430
BAM Deutschland AG
BAM Deutschland AG - a combination of Mueller-Altvatter Bauunternehmung and
Wayss&Freytag Schluesselfertigbau - is a leading construction company in
Germany and a subsidiary of the Dutch Royal BAM Group. With annual revenue
exceeding Euro 8 billion, BAM is one of the largest construction companies in
Europe.
Core competencies include:
Planning, equipment, renovation, remodeling and construction of turnkey
large-scale projects in Germany. For more information please visit our website
at www.bam-deutschland.de
Fraunhofer IKTS
Founded in 1949, Fraunhofer is Europe's largest application-oriented research
organization with an annual research budget of [Eur]1.8 billion (approximately $2.3
billion) and more than 18,000 staff, primarily scientists and engineers.
Fraunhofer has research centers and representative offices in Europe, USA, Asia
and the Middle East, and more than 80 research units, including 60 Fraunhofer
Institutes, at different locations in Germany. The Fraunhofer IKTS with its
staff of 400 highly educated engineers, scientists and technicians is a world
leading institute in the field of advanced ceramics for high tech applications.
The primary markets for IKTS include energy and environmental technology with a
focus on fuel cell development and commercialization.
Website: www.ikts.fraunhofer.de/en
This news release contains forward-looking statements, including statements
regarding FuelCell Energy, Inc.'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, general risks associated with product development,
manufacturing, changes in the regulatory environment, customer strategies,
potential volatility of energy prices, rapid technological change, competition,
and FuelCell energy, Inc.'s ability to achieve its sales plans and cost
reduction targets, as well as other risks set forth in the FuelCell Energy,
Inc. filings with the U.S. Securities and Exchange Commission. The
forward-looking statements contained herein speak only as of the date of this
press release. FuelCell Energy, Inc. expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any such statement
to reflect any change in FuelCell Energy, Inc.'s expectations or any change in
events, conditions or circumstances on which any such statement is based.
Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are all
registered trademarks in the USA of FuelCell Energy, Inc. DFC-ERG is a
registered trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.
FuelCell Energy Solutions GmbH
Andreas Froemmel
Manager Commercial
+ 49 800 1 81 88 90
afroemmel(at)fces.de
FuelCell Energy, Inc.
Kurt Goddard
Vice President Investor Relations
(+001) 203-830-7494
ir(at)fce.com
Fraunhofer Institute for Ceramic
Technologies and Systems IKTS
Katrin Schwarz
Press and Public Relations
+49 351 2553-7720
katrin.schwarz(at)ikts.fraunhofer.de
BAM Deutschland AG
Till Ebinger
Technical Manager
+49 711 99751-110
t.ebinger(at)bam-deutschland.de
BAM Immobilien-Dienstleistungen GmbH
Dr. Henric Hahr
Director
+49 711 99751-120
h.hahr(at)bam-deutschland.de
News Source: NASDAQ OMX
07.08.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: FuelCell Energy, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US35952H1068
WKN:
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