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Share Name | Share Symbol | Market | Type |
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FuelCell Energy Inc | NASDAQ:FCEL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0083 | -0.89% | 0.921 | 0.923 | 0.93 | 90,140 | 13:57:42 |
A ribbon cutting ceremony at Amity Regional High School in Woodbridge, Connecticut marked the commissioning of a multi-megawatt fuel cell plant owned by Avangrid that is being configured for a town-wide microgrid
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/16f21904-9dcc-4ad1-8acc-849280b1c680
The event took place at Amity Regional High School, where the fuel cell plant is generating 2.2 megawatts of continuous power and usable heat in an environmentally-friendly manner. The fuel cell plant is owned by Avangrid (NYSE:AGR) and was designed, manufactured and installed by FuelCell Energy.
The fuel cell plant will be the sole power source for a state-of-the-art town microgrid, supplying 2.2 megawatts (MW) of continuous clean power to the electric grid under normal operation, and switching to microgrid-mode in the event of a grid outage to provide uninterrupted and reliable power to seven of Woodbridge’s critical facilities.
“We view this project as a triple win including clean power for the community, reduced financial impact on the district, and educational opportunities for our students from this innovative fuel cell power generation,” said Dr. Charles Dumais, superintendent of the Amity Regional School District #5.
“This project is a great example of how municipalities can align with utilities to enhance their critical power infrastructure with clean and affordable distributed power generation,” said Chip Bottone, President and Chief Executive Officer, FuelCell Energy. “This project also demonstrates the unique ability to site large amounts of predictable power in well-populated and compact areas due to the clean, quiet, unobtrusive nature of our fuel cell plants.”
Seven critical municipal buildings will be connected as part of the microgrid, ensuring a reliable supply of power in the event of a grid outage or disturbance. These government facilities include:
Fuel cells use chemistry to convert a fuel source into electricity and heat in a highly efficient process that emits virtually no pollutants as the fuel is not burned. The combination of near-zero pollutants, modest land-use needs, and quiet operating nature of these stationary fuel cell power plants facilitates installation in urban locations where the power is used. Customers benefit with operating cost reductions delivered in a manner that supports sustainability goals and enhances power reliability.
About FuelCell EnergyDirect FuelCell® power plants are generating ultra-clean, efficient and reliable power on three continents, affordably providing continuous distributed power generation to a variety of industries including utilities, commercial and municipal customers. The Company’s power plants have generated billions of kilowatt hours of ultra-clean power using a wide variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas. For additional information, please visit www.fuelcellenergy.com and follow us on Twitter.
Direct FuelCell, DFC, DFC/T, DFC-H2, DFC-ERG and FuelCell Energy logo are all registered trademarks of FuelCell Energy, Inc.
Contact:FuelCell Energy, Inc.Kurt Goddard, Vice President Investor Relations203-830-7494ir@fce.com
Source: FuelCell Energy
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