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Power To Spare
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Business New Haven
8/20/2001
By: BNH
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DANBURY - FuelCell Energy Inc. (NASDAQ: FCEL) has received a $1.25 million contract from the Connecticut Clean Energy Fund for a 250 kW Direct FuelCell power plant for the state of Connecticut. The power plant is slated for delivery next year for installation at the University of Connecticut in Storrs.
Said Arthur Diedrick, chairman of the Connecticut Clean Energy Fund: “This investment will yield substantial returns to the state, not only in the form of reduced air pollution, but will also provide valuable information on fuel-cell technology in Connecticut. We view Connecticut as the fuel-cell capital of the world and we are committed to have the Connecticut Clean Energy Fund focus on fuel cell development in our state.”
Direct FuelCells generate electricity with no combustion. They are, in effect, large continuously operating batteries that generate electricity as long as fuel, such as natural gas, is supplied. Since the fuel is not burned, there is no pollution commonly associated with the combustion of fossil fuels. Also, the high efficiency leads to more electric power from less fuel and with less carbon dioxide emissions.
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