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  Fuel Cell Energy, Inc.
Company Information
Fuel Cell Energy, Inc.
Symbol: FCEL
Exchange: NASDAQ
Sector: Alternative Energy
Share Related
S/O: 113 Million
Float: NA
52 Wk: $1.02 - $4.60
Recent: 1.67
Contact Information
Contact: Global Headquarters
Phone: 203-825-6000
Fax: NA
E-mail: Click Here
Website: Click Here

Company Profile







The Company

FuelCell Energy (Nasdaq: FCEL) manufactures Ultra-Clean stationary fuel cell power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants – and with virtually no air pollution. With more than 30 years of experience, we are recognized as a global leader in the manufacture and commercialization of stationary electric power generation. FuelCell Energy owns and operates a manufacturing plant in Torrington, Connecticut, with a capacity of 70 MW per year. FuelCell Energy''s Danbury, Connecticut headquarters acts as the nerve center for the company''s commercial, industrial, and grid-support applications. Danbury is also the hub for the company’s GTAC (Global Technical Assistance Center) which remotely monitors and operates DFC power plants worldwide. The company’s Direct FuelCell® (DFC®) power plants have generated over 550 million kW hours of electricity and currently has over 50 installations worldwide. Contact us today and turn your electrical requirements into a powerful competitive advantage.

Company History

FuelCell Energy traces its roots back to 1969 and the founding of Energy Research Corporation (ERC) by early fuel cell pioneer Bernard Baker and Martin Klein, a chemical engineer that was an expert in advanced battery technologies. The company focused on conducting research to commercialize fuel cell technology. ERC also conducted advanced battery research, but spun off its battery efforts as a seperate company in 1999 and renamed itself FuelCell Energy.

In the 1970''s, with funding from the U.S. military and utility companies, the company conducted extensive research into low-temperature fuel cells as well as silver-zinc battery cells. In the 1980''s and 1990''s the company switched its focus to high-temperature carbonate fuel cell systems which offered greater commercial possibilities due to the ability to internally reform readily available fuels into the hydrogen required by the fuel cell.

A major milestone for the company was reached in 1992 when it successfully demonstrated a 120 kilowatt (kW) high temperature carbonate fuel cell system. The company went public with an initial stock offering that raised $6.5 million. The company continued to improve its patented Direct FuelCell® (DFC®) technology, and in 1996 a 2 megawatt (MW) DFC power plant went online in Santa Clara, California.

In 1997, Bernard Baker decided that the company needed a more commercially-oriented leader and appointed Jerry Leitman to the position of CEO. With Leitman at the helm, and Baker able to pursue his own passion, research & development, the company continued to thrive. FuelCell Energy''s current leader, R. Daniel Brdar, was appointed CEO in 2005 and chairman in 2007. Mr. Brdar has led the expansion of the company''s market penetration while maintaining a focus on cost reduction. The company currently possesses a product line offering systems from 300 kilowatts (kW) to 2.8 megawatts (MW), scalable up to 50 MW. R. Daniel Brdar, was appointed CEO in 2005 and Chairman in 2007.

FuelCell Energy leads the way in the development and manufacture of stationary fuel cell power plants for commercial, industrial, government, and utility applications.

Products

The complete line of carbonate Direct FuelCell® (DFC®) products from FuelCell Energy, Inc. delivers Ultra-Clean distributed power - efficiently and economically. Direct FuelCells run on biofuels - gases from wastewater treatment, food processing, and land fills - in addition to natural gas, coal gas, and propane. From industrial and commercial applications to the power grid, DFC power plants generate more electricity per unit of fuel than any other distributed energy source.

Direct FuelCells provide distinct advantages over other forms of distributed power generation. Such advantages as: a) fuel conversion efficiency unsurpassed in the industry, b) the ability to operate on readily available biofuels and hydrocarbon fuels, and c) virtually no pollution. DFCs emit virtually zero nitrogen oxide (NOx), sulfur oxide (SOx) or particulate matter and significantly reduce carbon dioxide (CO2) emissions. Both the sub-megawatt DFC300® and 1.4 megawatt DFC1500® power plants have been designated as "Ultra-Clean" under 2007 California Air Resources Board (CARB) standards. Being an Ultra-Clean distributed generation product reduces the time and cost for permitting and installing DFC power plants at customer locations while helping the environment.

Developed exclusively for use in stationary applications, there are four main fuel cell products designed to meet a variety of applications:

DFC300



DFC1500



DFC3000



DFC-ERG



DFC power plants have a variety of benefits and features that serve the Company's customers:

•Efficient: generates more electricity using less fuel with unparalleled electrical power generation efficiency of 47%

•Ultra-clean: emits low CO2 and virtually zero pollutants into the atmosphere

•Quiet: operates virtually unnoticed, making them suitable for almost any location

•Reliable: achieves availability rating exceeding 96%, significantly higher than other alternative energy technologies

•Economical: produces up to six times more electrical power than other forms of distributed generation with the same fuel input and can operate at up to 80% efficiency when used in Combined Heat and Power (CHP) applications

•Simple: real-time monitoring of fuel cell system around-the-clock from FuelCell Energy's state-of-the-art Global Technical Assistance Center (GTAC)

•Versatile: operates on a variety of fuels for use in a wide range of applications

Technology

A fuel cell is an electrochemical device that combines hydrogen fuel and oxygen from the air to produce electricity, and useable heat and water. Fuel cells produce Direct Current (DC) electricity without the conventional combustion reaction.
The FuelCell Process

A fuel cell is made up of an electrolyte member sandwiched between fuel and oxidant electrodes. Typically, a fossil fuel or biogas from which hydrogen is extracted is used for most common applications. The oxidant is typically plain air. The fuel is oxidized at the “anode electrode”, releasing electrons that move to the “cathode electrode” via the external circuit. These electrons meet the hydrogen and push charged ions across the electrolyte. The charged ions (positively or negatively charged) move across the ion conducting electrolyte member, completing the electrical circuit. This electrochemical process requires very few moving parts, typically limited to air blowers and fuel/water pumps. Because of high fuel conversion efficiency, the flexibility to generate Combined Heat and Power (CHP), low-impact characteristics, and negligible environmental emissions, fuel cells are a desirable source of power generation for a broad range of markets and applications. Fuel cells are fast replacing reciprocating engines and gas turbines as the most environmentally-friendly sources of on-site power.

Carbonate fuel cell power plants can utilize many fuel sources, including

•Natural gas
•Industrial and municipal wastewater treatment gas
•Propane
•Coal gas

FuelCell Energy has operated Direct FuelCell® (DFC®) stacks of varying sizes on all of these fuels. This fuel flexibility presents specific customers with attractive, value-added self-generation options. For instance, the methane produced in the anaerobic digester process can fuel the DFC plant and generate electricity, thus making the fuel cell a renewable energy source.

Markets

FuelCell Energy Direct FuelCell® (DFC®) power plants are ideal for a wide variety of markets and applications, spanning industrial, institutional, and utility customers. DFC power plants deliver efficient, reliable, economical power where it is needed – without the emissions that harm the environment. States seeking to secure cleaner energy sources are creating standards to mandate that utilities provide a certain amount of their electricity from renewable sources – Ultra-Clean fuel cells operating on natural gas qualify. Using single or multiple configurations, DFC power plants provide reliable on-site power to meet requirements ranging from 300 kW to 2.8 MW, and are scalable for applications up to 50 MW and beyond. With more than 45 installations around the globe, DFC power plants have been proven time and time again in the field, providing reliable and economical power when and where it is needed. Download an installation spotlight and see for yourself!

Markets:

•Food & beverage processing
•Manufacturing
•Hospitals & Prisons
•Hospitality
•Colleges and Universities
•Utilities
•Wastewater Treatment


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