Fuelcell Energy Project Identified for Funding From Canada’s Clean Resource Innovation Network to Design Pilot for Clean Carbon Capture
17 Fevereiro 2022 - 10:00AM
FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in
decarbonizing power and producing hydrogen with a purpose of
utilizing its proprietary, state-of-the-art fuel cell platforms to
enable a world empowered by clean energy -- today announced that a
carbon capture demonstration project using the Company’s
proprietary carbonate fuel cell technology has been awarded $6.8M
in funding as part of Canada’s Clean Resource Innovation Network
(CRIN) low emission fuels and products technology competition.
While emissions reduction and other
environmental benefits are key priorities in the CRIN pilot
project, other critical factors include the economic benefits that
investment provides for Canada. Currently, technologies in use for
carbon capture are expensive and consume significant amounts of
energy. The FuelCell Energy solution is able to capture carbon from
power plant or boiler flue gasses while producing clean electric
power, a revenue stream that reduces the cost of carbon capture.
FuelCell Energy offers the only known platform that can capture
carbon dioxide from an external source while simultaneously
producing power.
FuelCell Energy, operating under its Canadian
subsidiary, Versa Power Systems, will be the technology and
equipment provider for the project. Industry participants include
Canadian Natural Resources Limited (CNRL), Suncor Energy, Cenovus
Energy Inc., Chevron Canada and Shell Canada, along with support
from Emissions Reduction Alberta. The project involves the
construction of a MW-scale carbonate power plant that will capture
carbon from a process heater at the Scotford Upgrader near
Edmonton, Alberta. The Scotford Upgrader is owned by Athabasca Oil
Sands Project, which is a joint venture between CNRL, Chevron
Canada Limited and Shell Canada Limited..
“To demonstrate the power of our carbonate fuel
cell technology, and for the project to receive this funding from
CRIN, is an honor,” said FuelCell Energy CEO and President, Jason
Few. “We are confident that the pilot will deliver the significant
environmental benefits that the Canadian government is looking for,
while helping to decarbonize its oil and gas industry and increase
its competitiveness in the global market.”
About FuelCell Energy
FuelCell Energy, Inc. (NASDAQ: FCEL): FuelCell
Energy is a global leader in sustainable clean energy technologies
that address some of the world’s most critical challenges around
energy, safety and global urbanization. As a leading global
manufacturer of proprietary fuel cell technology platforms,
FuelCell Energy is uniquely positioned to serve customers worldwide
with sustainable products and solutions for businesses, utilities,
governments and municipalities. Our solutions are designed to
enable a world empowered by clean energy, enhancing the quality of
life for people around the globe. We target large-scale power users
with our megawatt-class installations globally, and currently offer
sub-megawatt solutions for smaller power consumers in Europe. To
provide a frame of reference, one megawatt is adequate to
continually power approximately 1,000 average sized U.S. homes. We
develop turn-key distributed power generation solutions and operate
and provide comprehensive service for the life of the power plant.
Our fuel cell solution is a clean, efficient alternative to
traditional combustion-based power generation, and is complementary
to an energy mix consisting of intermittent sources of energy, such
as solar and wind turbines. Our customer base includes utility
companies, municipalities, universities, hospitals, government
entities/military bases and a variety of industrial and commercial
enterprises. Our leading geographic markets are currently the
United States and South Korea, and we are pursuing opportunities in
other countries around the world. FuelCell Energy, based in
Connecticut, was founded in 1969.
www.fuelcellenergy.com
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FuelCell Energy logo are all trademarks of FuelCell Energy,
Inc.
Contact:
FuelCell Energy,
Inc.ir@fce.com203.205.2491Source: FuelCell
Energy
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