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Caterpillar, FuelCell Energy and Westerville, Ohio Use Ultra-Low
Emissions Fuel Cell To Feed Power to Local Distribution System
PEORIA, Ill., Nov. 15 /PRNewswire-FirstCall/ -- Caterpillar Inc. (NYSE: CAT),
FuelCell Energy, Inc. (NASDAQ:FCEL) and the city of Westerville, Ohio have
reached an important milestone, bringing on-line one of the first utility-scale
fuel cell power plants in North America that will feed power to consumers from
a substation.
"As the world leader in distributed power generation, we see a growing need for
all of Caterpillar's broad range of power generation products," said Rick
Rathe, marketing manager for Caterpillar's Power Systems Marketing Division.
"This project represents an important step in the use of stationary fuel cells
to provide power to local electrical distribution systems."
"This project demonstrates how public-private partnerships can work to bring
new and emerging technologies to consumers today," said Herbert T. Nock,
FuelCell Energy's senior vice president of marketing and sales." "The state of
Ohio and the city of Westerville are showing how Direct FuelCell(R) (DFC(R))
power plants which create hydrogen internally, can be used to bring clean,
reliable power to the people of Ohio without waiting for the development of a
hydrogen supply infrastructure."
This innovative project is a first for the state of Ohio and it was funded in
part through Governor Bob Taft's Third Frontier Fuel Cell Initiative, a $103
million dollar program that aims to position Ohio as a national leader in the
growing fuel cell industry.
"Ohio has been on the leading edge of fuel cell technology for several years,
and with today's installation in Westerville, the Buckeye State has jumped
ahead and established its leadership as an industry pioneer," said Bob Taft,
governor of Ohio. "Today signifies that our Third Frontier investments in the
fuel cell industry are succeeding and directly benefiting Ohio citizens. I am
pleased to take part in this historic event.
"The 250-kilowatt (kW) DFC power plant creates the hydrogen it needs from a
readily available fuel, natural gas. The unit is manufactured by FuelCell
Energy and distributed by Caterpillar through its dealer Ohio Cat. The fuel
cell power plant is located at Westerville's electric substation #2, and when
fully operational it will produce enough energy to power approximately 180
homes in Westerville.
"Westerville's fuel cell produces predominantly water and heat as by- products,
while dramatically minimizing regulated emissions," said Andrew Boatright,
Westerville's electric utility manager. "This first of its kind project in
Ohio demonstrates that fuel cell technology holds the potential to transform
the entire energy industry."
Westerville is one of 91 municipal electric communities in Ohio, Pennsylvania,
West Virginia and Michigan that comprise AMP-Ohio, a wholesale power supplier
and services supplier for municipalities. AMP-Ohio helped the city of
Westerville secure the state grant that made the project possible, while also
providing technical support for the installation. "We are excited to be a
partner in this project, which shows Westerville's leadership in current
technology, and in the larger picture will put our country one step closer to
becoming less reliant on foreign countries for our energy consumption," said
Marc S. Gerken, PE. AMP-Ohio president.
Fuel cells are similar to large, continuously running batteries, using natural
gas or other fuel to generate electricity through electrochemical reactions.
Direct FuelCells efficiently generate electricity at distributed customer
locations, including hospitals, schools, universities, hotels and other
commercial and industrial facilities, as well as grid-support applications for
utility customers. Direct FuelCells convert readily available fuels, such as
natural gas or waste gas, to electrical power with great efficiency.
In April 2002, Caterpillar and FuelCell Energy signed an alliance agreement to
distribute and develop ultra-low emission fuel cell power generation products
for industrial and commercial use. The agreement calls for the companies to
jointly develop Caterpillar-branded power plants in the 250kW to 3MW size
range, incorporating FuelCell Energy's fuel cell module.
About Caterpillar
For more than 75 years, Caterpillar Inc. has been building the world's
infrastructure and, in partnership with its worldwide dealer network, is
driving positive and sustainable change on every continent. With 2003 sales
and revenues of $22.76 billion, Caterpillar is a technologyleader and the
world's leading manufacturer of construction and mining equipment, diesel and
natural gas engines and industrial gas turbines. More information is available
at http://www.cat.com/.
About FuelCell Energy
FuelCell Energy, Inc., based in Danbury, Connecticut, is a world leader in the
development and manufacture of high temperature fuel cells for electric power
generation. FuelCell Energy developed its patented Direct FuelCell technology
for stationary power plants with the U.S. Department of Energy through its
Office of Fossil Energy's National Energy Technology Laboratory. The
sub-megawatt fuel cell power plant is a collaborative effort using Direct
FuelCell(R) technology of FuelCell Energy and the HotModule(R) balance of plant
design of MTU CFC Solutions, GmbH, a subsidiary of DaimlerChrysler. FuelCell
Energy is also developing next generation high temperature fuel cell products,
such as a diesel fueled marine Ship Service Fuel Cell, a combined- cycle
DFC/Turbine(R) power plant and solid oxide fuel cells for applications up to
100 kilowatts. More information is available at
http://www.fuelcellenergy.com/.
This press release contains forward-looking statements, including statements
regarding the company's plans and expectations regarding the development and
commercialization of its fuel cell technology. 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, the risk that commercial field trials
of the company's products will not occur when anticipated, general risks
associated with product development, manufacturing, changes in the utility
regulatory environment, potential volatility of energy prices, rapid
technological change, and competition, 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.
DATASOURCE: Caterpillar Inc.
CONTACT: Jim Dugan, Corporate Public Affairs of Caterpillar,
+1-309-675-5813, ; or Steven P. Eschbach, CFA, Dir., Investor
Relations & Communications of FuelCell Energy, +1-203-825-6000,
; or Andrew Boatright of the City of Westerville,
+1-614-901-6703; or Kent Carson of AMP-Ohio, +1-614-337-6222
Web site: http://www.cat.com/
http://www.fuelcellenergy.com/