DANBURY, CT — Bankruptcy now appears off the table for FuelCell Energy, Inc. It controls the plants remotely from its Danbury headquarters. FuelCell Energy, which has been based in Danbury since its founding in 1969, designs, manufactures and operates megawatt-class fuel cell power plants. DANBURY, Conn., April 21, 2020 (GLOBE NEWSWIRE) - FuelCell Energy, Inc. (Nasdaq: FCEL) - a global leader in fuel cell technology-with a purpose to utilize its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy-announced the start of commercial operation of its multi-megawatt SureSource™ 4000 fuel cell project located at Triangle Street in the … The job cuts will save the alternative fuel manufacturer $11.5 million annually, the …
FuelCell Energy spent $2 million to remediate the site, put $5 million into infrastructure improvements and paid about $5 million in taxes to the state.
The company reported a $15.3 million loss for the period. It also does not emit harmful emissions such as NOx, SOx, and particulates that large combustion turbines emit. Idaho National Laboratories will be the recipient of the initial DOE-funded fuel cell to be built at the company’s Danbury headquarters, rather than FuelCell’s Torrington factory.
The new and expanded agreement will move that research into best practices to optimize FuelCell's technology for use in large-scale industrial facilities such as refineries and chemical plants. 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, ability to access certain markets, unanticipated manufacturing issues that impact power plant performance, changes in critical accounting policies, access to and ability to raise capital and attract financing, potential volatility of energy prices, rapid technological change, competition, the Company’s ability to successfully implement its new business strategies and achieve its goals, the Company’s ability to achieve its sales plans and cost reduction targets, and the current implications of the novel coronavirus (Covid-19), as well as other risks set forth in the Company’s filings with the Securities and Exchange Commission. The power plant is the Company’s first deployment of the SureSource 4000™ high electrical efficiency platform designed to extract more electrical power from each unit of fuel with electrical efficiency of approximately 60 percent.
“We’ll have people from all over the world coming to Danbury to look at it.”.
“We certainly see a much larger opportunity with electrolysis and long-duration hydrogen energy storage.”. Important Cookie Information – This message will only appear once.
The plant is designed to deliver 60 percent electrical efficiency – a performance level comparable to large-scale gas turbines but cleaner, and since it generates power near end users, it does not incur the transmission losses typical of larger, central generation plants. The SureSource 4000 power plant, generates enough power for approximately 3,700 average sized homes, and requires only about 10,000 square feet, or less than ¼ of an acre. With SureSource installations on three continents and millions of megawatt hours of ultra-clean power produced, we are a global leader with environmentally responsible power solutions. Our systems answer the needs of diverse customers across several markets, including utility companies, municipalities, universities, hospitals, government entities and a variety of industrial and commercial enterprises. Each fuel cell stack consists of 400 fuel cells and the modules typically house four stacks.
It is one of three fuel cell sites FuelCell Energy has in Bridgeport. The $18.7 million in revenue FuelCell drew between May and July came from selling electricity produced by existing fuel cells to produce electricity; service and license deals with other operators; and advance technology pilots like the new Idaho National Laboratories project.
“It will be a challenging year from a timing perspective,” he said. By Luther Turmelle. Energy recovery involves reducing emissions, especially carbon dioxide, from power plants powered by coal and natural gas. We’re building a business plan that is sustainable. We provide solutions for various applications, including utility-scale distributed generation, on-site power generation and combined heat and power, with the differentiating ability to do so utilizing multiple sources of fuel including natural gas, Renewable Biogas (i.e., landfill gas, anaerobic digester gas), propane and various blends of such fuels. Other than drawing power from the plant, the neighbors will likely never know the plant is there. Visit us online at www.fuelcellenergy.com and follow us on Twitter @FuelCell_Energy. You just have to be agile in this business.”. DANBURY — On Triangle Street, a stone’s throw from the Connecticut Department of Motor Vehicles, FuelCell Energy is building a power plant that will produce enough electricity to light up 3,700 homes. We develop turn-key distributed power generation solutions and operate and provide comprehensive services for the life of the power plant. Our energy platforms provide electricity, thermal energy, and hydrogen generation. These include installations at Groton Naval Submarine Base, Central Connecticut State University, and the Long Island Power Authority, all part of a $1.2 billion deliverables backlog.
Our multi-fuel source capability is significantly enhanced by our proprietary gas-clean-up skid. FuelCell Energy has power plants on 50 sites, including several in Connecticut and as far away as Europe and Asia.
DANBURY, CT — FuelCell Energy, headquartered in Danbury, laid off 135 employees on Friday.
The entire process took about one year. It’s been around for decades, but is still perceived as new.
Triangle Street Project Begins Commercial Operation; SureSource 4000 High Efficiency Fuel Cell, FuelCell Energy Announces U.S. Department of Energy Project Award, PDF format download (opens in new window), FuelCell Energy Celebrates National Hydrogen and Fuel Cell Day: Providing Hydrogen for Transportation, Delivering Long-Duration Energy Storage and Carbon Capture Through its Advanced Technologies Programs, FuelCell Energy Disputes Misleading Claims of Short Seller.
Fuel cell plants, using ambient air and a hydrogen-rich fuel such as natural gas, create electricity and heat through an electrochemical reaction without producing noxious emissions because no combustion occurs. This website uses cookies. Updated 6:33 pm EDT, Monday, April 16, 2018
A file photo of a fuel cell membrane stack produced by Danbury, Conn.-based FuelCell Energy. The company has announced those funds will be used to fully repay outstanding third party debt as well as to pay for construction costs and other expenses related to some existing ongoing projects. “Employment will be flat, but we’ll close on some of the business we missed in 2016 and be back in hiring mode in 2017 and beyond. We are working to expand the proprietary technologies that we have developed over the past five decades into new products, markets and geographies. The company has not recorded any significant revenue from the sale of new fuel cells since 2018.
Energy recovery and energy storage are two other lines of business for the company.
“This is a hidden gem that is right here in Danbury.”.
Unlike a battery, a fuel cell will continue to produce energy as long as a fuel is supplied. “We see a market opportunity and momentum really building around ... the role that hydrogen will play in the transformation of the energy grid,” Few said in mid-September during a conference call with investment analysts. Mark Boughton, Danbury’s mayor, said the power plant on Triangle Street may be “small and modest” in size, but will go a long way toward educating people about the fuel cell industry. Editor’s note: This is the first of a two-part series on the fuel cell industry and Danbury’s FuelCell Energy. The SureSource 4000 targets applications with large load requirements and limited thermal needs, such as utility/grid support or data centers. One of its showcase plants in Connecticut is the 15-megawatt Dominion Bridgeport fuel cell park. With SureSource installations on three continents and millions of megawatt hours of ultra-clean power produced, we are a global leader with environmentally responsible power solutions.
The Danbury-based faltering alternate energy manufacturer has been thrown multiple lifelines in … The nuclear research facility has been experimenting the past several years with experiments using electrochemical cells to convert excess electricity and water into hydrogen; then, when demand for electricity increases, reversing that hydrogen back through the fuel cells to produce it for the grid.
Cells will last about five years, but FuelCell Energy engineers are working to extend that to seven years, said Neal Aiello, general manager of the Torrington site. The hydrogen could then be stored for a future day, to be reversed back through fuel cells to produce electricity when needed, or as market price dynamics make the technology more competitive. FuelCell Energy is headquartered in Danbury, Conn. TOTAL MWh GENERATED BY SURESOURCE™ PLANTS, FuelCell Energy Announces U.S. Department of Energy Project Award, FuelCell Energy Celebrates National Hydrogen and Fuel Cell Day: Providing Hydrogen for Transportation, Delivering Long-Duration Energy Storage and Carbon Capture Through its Advanced Technologies Programs, FuelCell Energy Disputes Misleading Claims of Short Seller. 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.
On that same busy Wednesday, FuelCell announced a new, 8-year $200 million strategic corporate loan facility with Orion Energy Partners.
Mark Boughton, Danbury’s mayor, said the power plant on Triangle Street may be “small and modest” in size, but will go a long way toward educating people about the fuel cell industry. FuelCell Energy, Inc. (NASDAQ: FCEL) is a global leader in developing environmentally responsible distributed baseload power solutions through our proprietary molten-carbonate fuel cell technology.
“Based on our modular design, we are able to locate our platforms right where the power is needed: in this case, in the middle of downtown Danbury, Connecticut, avoiding inefficient and unsightly transmission infrastructure,” commented Jason Few, President and Chief Executive Officer, FuelCell Energy. Production ramping up to meet commitments in Groton, New Britain and elsewhere may mean that Christmas is no longer cancelled for those recently laid-off employees. FuelCell Energy had pinned its hopes on some of its projects receiving contracts, particularly in Beacon Falls, which at 63 megawatts would be the largest fuel cell power plant in the world. Our mission and purpose remains to utilize our proprietary, state-of-the- art fuel cell power plants to reduce the global environmental footprint of baseload power generation by providing environmentally responsible solutions for reliable electrical power, hot water, steam, chilling, hydrogen, microgrid applications, and carbon capture and, in so doing, drive demand for our products and services, thus realizing positive stockholder returns.
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