DGAP-News: FuelCell Energy Solutions Announces Stationary Fuel Cell Power Plant Service Agreement With Switzerland-Based Electric Utility ewz
(firmenpresse) - FuelCell Energy, Inc.
22.01.2013 09:00
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DRESDEN, Germany, 2013-01-22 09:00 CET (GLOBE NEWSWIRE) --
FuelCell Energy Solutions, GmbH, a provider of ultra-clean, efficient and
reliable fuel cell power plants, today announced a multi-year service agreement
for a stationary fuel cell power plant owned by Elektrizitaetswerke Zurich
(ewz), an electric utility company in Switzerland. FuelCell Energy Solutions
(FCES) will operate and maintain the power plant in close collaboration with
ewz and will supervise the plant from a European-based operations center that
is staffed 24 hours a day, seven days a week.
ewz pursues and is actively involved in the development of new technologies for
distributed power generation. ewz is among the largest energy utility companies
in Switzerland and is a supplier of electricity for the city of Zurich as well
as parts of the canton Graubunden since 1892.
'This fuel cell power plant operating since November 2010 is the first
carbonate fuel cell installation utilized in Switzerland,' said Marcel Frei,
Director, Elektrizitaetswerke Zurich. 'We want to be the leading utility in
Switzerland with a clear leading position in ecology and energy efficiency. We
are demonstrating our strong motivation to invest in new technologies and in
new renewable energy with this fuel cell power plant. We are performing an
assessment of this carbonate fuel cell power plant to evaluate the electricity
and heat output, the operating costs and the integration with the gas network
for the fuel supply.'
The project employees of ewz are closely involved in the operation and
assessment of the stationary fuel cell power plant to study the almost complete
lack of emissions by the fuel cells, the high electrical efficiency, and the
operational flexibility of the power plant.
'We focus on customer satisfaction and our service agreements allow our
customers to concentrate on what they do best while we concentrate on our core
expertise of delivering ultra-clean power in an efficient and reliable manner,'
said Chip Bottone, President and Chief Executive Officer FuelCell Energy, Inc.
and Managing Director, FuelCell Energy Solutions GmbH. 'The highly efficient
and environmentally friendly baseload power generation profile of our plants
makes them a good solution for supporting power grids and enabling electric
utilities to add power generation in cost effective increments when and where
needed.'
FCES will service the existing plant including the scheduled replacement of the
fuel cell stack during the ten year term of the service agreement.
FCES offers a comprehensive portfolio of services for stationary fuel cell
power plants with multi-year service agreements. Highly trained technicians and
engineers remotely operate and maintain the fuel cell power plants, 24 hours
per day, 365 days per year. Field service technicians provide on-site
servicing. These service offerings transfer the plant performance
responsibilities to FCES, providing the customers with certainty of costs and
power supply.
Fuel cells electrochemically convert a fuel source into electricity and heat in
a highly efficient process that emits virtually no pollutants due to the
absence of combustion. The stationary fuel cell power plants manufactured and
sold by FCES are fuel flexible, capable of operating on natural gas or
renewable biogas. The power 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 these stationary fuel cell power plants
facilitates their siting in urban locations.
FCES, with its German manufacturing base, is the sales, manufacturing and
service business for the European Served Area for FuelCell Energy, Inc.
About FuelCell Energy Solutions, GmbH
FuelCell Energy Solutions manufactures, sells, installs, and services
stationary fuel cell power plants that efficiently and economically generate
electricity and usable high quality heat suitable for making steam.
Administrative offices are located in Dresden, Germany and manufacturing
operations are located in Ottobrun, Germany. Continuous power generated at the
point of use with the virtual absence of pollutants supports energy 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. For more information please visit our
website at www.fces.de
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 U.S.A. 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
News Source: NASDAQ OMX
22.01.2013 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:
End of Announcement DGAP News-Service
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