Elemental Power Group, LLC Announces Connecticut Approval of the Cube Fuel Cell Project
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$20 Million, 3.4 Megawatt Project Will Deploy the Most Advanced Fuel Cell
Technology to Deliver Clean, Base-Load Class I Renewable Power to Connecticut
Ratepayers
BETHESDA, Md.--(Business Wire)--
Today, Elemental Power Group, LLC, a Maryland based renewable energy development
company, announces the approval of the Cube fuel cell project under the
Connecticut Clean Energy Fund "Project 150" renewable energy program.
"The approval of the Cube project is a great milestone for EPG and for the state
of Connecticut," said Robert Babcock, President of Elemental Power Group. "Fuel
Cells have an advantage over other types of clean energy technologies in that
they provide base-load power twenty-four hours a day for years inside the load
pockets where the power is needed," Babcock said. "By showcasing this technology
here, we can expand the deployment of these highly-efficient fuel cells into
other urban areas where clean power is needed."
When operational in mid-2010, the Cube project will provide 3.4 megawatts of
quiet, clean, base-load class I renewable power directly to Connecticut Light
and Power in urban southwest Connecticut, an area that has experienced
electrical supply disruptions in the past. The project will provide enough power
for approximately 2,600 homes 24 hours a day for 20 years under the contract
approved by the state.
The fuel cell equipment will be provided by FuelCell Energy, Inc. of Danbury, CT
and the project will inject approximately $20 million into the Connecticut
economy during its construction. Cube will provide a further $2 million each
year to the local economy in operating expenses, tax payments, and other
purchases.
Project construction is scheduled to start in early 2010 with project completion
in the third quarter of that year.
Elemental Power Group, LLC ("EPG") is an independent developer of renewable
energy projects located near Washington DC. EPG focuses its activities on
non-wind renewable energy technologies, especially solar and fuel cell projects.
Through its subsidiary company, EPG-Fuel Cell, LLC, EPG endeavors to identify
locations, design, permit, contract, finance, build and operate fuel cell power
plants in locations where such technology qualifies as a renewable energy
resource.
Fuel Cells are one of the few truly "urban renewable" technologies that are
commercially available and technologically proven. Running on a variety of
fuels, fuel cells produce electricity electrochemically and without combustion.
The lack of combustion means that there are practically no harmful emissions
from fuel cell power plants and their emissions of carbon dioxide are
dramatically reduced. This, coupled with their relatively small footprint, gives
them great advantages in energy production over other renewable technologies in
an urban environment. For more information on the company, and its activities,
please visit on the web www.elemental-power.com.
Elemental Power Group, LLC
Robert Babcock, 301-320-3335
RBabcock@elemental-power.com
Copyright Business Wire 2009
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