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Fuelcell Energy Reports Has Identified New Haven, CT as Site for Second Location in Previously-Announced 5.6MW Sale to United Illuminating

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FuelCell Energy, Inc.
(Nasdaq: FCEL), a global leader in the design, manufacture, operation and
service of ultra-clean, efficient and reliable fuel cell power plants,
identified New Haven, Connecticut as the second installation site for the
previously announced 5.6 megawatt (MW) in projects purchased by The United
Illuminating Company (UI), a subsidiary of UIL Holdings Corporation
(NYSE: UIL). Information regarding the projects, which consist of two 2.8 MW
DFC3000^® fuel cell power plants to be installed at different sites within the
UI service territory, was released on April 30^th and identified Bridgeport as
one location with the other to be named at a later date. Now confirmed, the
second power plant in New Haven will supply electricity to a nearby UI-owned
substation; providing environmentally friendly distributed power to residents.

"This project further supports our efforts in renewable, green energy and
helps achieve our goal of providing customers with clean safe and reliable
electricity," said James P. Torgerson, President & Chief Executive Officer,
UIL Holdings Corporation.

"We are fully invested in issues affecting the environment because it means we
are investing in the future of our City," said Toni Harp, Mayor of New Haven.
"Through the generation of ultra-clean power, produced in a highly efficient
and environmentally-friendly manner, the fuel cell installation exemplifies
the City's commitment to instituting sustainability practices and improving
the environmental integrity of New Haven."

The power plant in New Haven will be located in the port area of the city near
an electrical substation owned by UI and will provide continuous power to the
substation. Distributed power generation like this installation increases the
power supply while producing virtually no pollutants, have a low-noise
profile, and only modest space requirements.

"The New Haven installation will help meet the State of Connecticut's
renewable energy goals and exemplifies how our fuel cell technology can
support the utility market by providing an easy-to-site energy solution that
reduces reliance on transmission and enhances grid resiliency," said Chip
Bottone, President and Chief Executive Officer, FuelCell Energy, Inc. "Our
power generation solutions are well-suited for utilities interested in adding
ultra-clean baseload power when and where needed within their service
territory."

The previously announced second installation will be located in Bridgeport and
will serve as part of a renewable energy park supplying power to the electric
grid. The energy park occupies approximately 9 acres of land with the fuel
cell power plant taking only about one quarter of an acre to produce 2.8 MW of
continuous power and a 2.2 MW solar array utilizing the remaining land or
somewhat over 8.5 acres.

The continuous power to be provided by both the New Haven and Bridgeport fuel
cell plants is adequate to power approximately 5,600 homes in aggregate, and
will be generated in a highly efficient and environmentally friendly
manner. FuelCell Energy will install the power plants and operate and maintain
them under long term service agreements. Both sites are expected to be
operational in early 2015.

Multi-megawatt fuel cell installations address power generation challenges for
utilities as the combination of near-zero pollutants, modest land-use needs,
and the quiet operating nature of fuel cell power plants facilitates their
siting in urban locations. Fuel cell parks offer a multitude of advantages for
utilities and neighboring communities, including:

  • Environmentally friendly  power generation with virtually zero nitrogen
    oxide (NO[x]) that causes smog, sulfur dioxide (SO[x]) that contributes to
    acid rain, or particulate matter (PM^10) that aggravates asthma, and the
    power is delivered with a low carbon footprint
  •  Distributed power generation places power near where it is used, enhancing
    the resiliency of the grid
  • Highly efficient power generation process that is economical
  • Continuous renewable power around the clock that is not reliant on weather
    or time of day

Posted-In: News Press Releases

 

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