2009-11-23 15:11:08 -
FuelCell Energy, Inc. (Nasdaq:FCEL), a leading manufacturer of high efficiency ultra-clean power plants using renewable biogas, natural gas, and other fuels for commercial, industrial, government, and utility customers, today issued the following statement by R. Daniel Brdar, the company’s Chairman and Chief Executive Officer, prior to his participation in Representative John Larson’s Town Hall Forum on the Economy and Energy with T. Boone Pickens tomorrow at 4 pm.
“As a company that relies on the use of natural gas for a large number of our stationary fuel cell applications, we are pleased that Rep. John Larson and T. Boone Pickens are here today letting the people of Connecticut know the vital role natural gas can and must play in our effort
to reduce carbon emissions and expand job opportunities. Our fuel cell power plants use natural gas more efficiently than any other distributed generation technology available today.
“FuelCell Energy, which employs over 460 people manufacturing state-of-the-art high efficiency, 24/7, clean stationary fuel cells, agrees with T. Boone Pickens and Rep. Larson, on expanding natural gas production and use. By using natural gas in our fuel cells, we are helping states like California, Connecticut, and countries like South Korea and Japan achieve significant carbon reductions, while generating electric power more efficiently and cleanly than conventional power generation.
“Our stationary fuel cells, which employ an electro-chemical process, rather than combustion, produce near-zero criteria pollutants and roughly half the greenhouse gas emissions (GHG) of the average U.S.
fossil fuel central generation power plant. Today, our advanced fuel cells provide reliable baseload power to the grid, wastewater treatment plants, manufacturing and food and beverage processing plants, as well as hotels and universities in the U.S. and other countries around the world.
“By using our increasing supply of domestic natural gas with our high-efficiency domestic fuel cell technology, we can increase jobs here in Connecticut and the US as we confront the challenges of clean energy supply and climate change.”
The town hall will be in the Goodwin College Auditorium, River Campus, One Riverside Drive, East Hartford, Conn. from 4:00 pm to 5:30 pm.
About FuelCell Energy
FuelCell Energy is the world leader in the development and production of stationary fuel cells for commercial, industrial, municipal and utility customers. FuelCell Energy’s ultra-clean and high efficiency DFC® fuel cells are generating power at over 55 locations worldwide. The company’s power plants have generated over 340 million kWh of power using a variety of fuels including renewable wastewater gas, biogas from beer and food processing, as well as natural gas and other hydrocarbon fuels.
FuelCell Energy has partnerships with major power plant developers and power companies around the world. The company also receives funding from the U.S. Department of Energy and other government agencies for the development of leading edge technologies such as fuel cells. For more information please visit our website at www.fuelcellenergy.com :
This news release contains forward-looking statements, including statements regarding the Company’s plans and expectations regarding the continuing 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, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, potential volatility of energy prices, rapid technological change, competition, and the Company’s ability to achieve its sales plans and cost reduction targets, 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.
Direct FuelCell, DFC, DFC/T and FuelCell Energy, Inc. are all registered trademarks of FuelCell Energy, Inc. DFC-ERG is a registered trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.
FuelCell Energy, Inc.Lisa Lettieri, 203-830-7494
ir@fce.com : mailto:ir@fce.com