Profile: FuelCell Energy Inc (FCEL.O)
8 Oct 2015
FuelCell Energy, Inc., incorporated on July 12, 1999, is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services ultra-clean, stationary fuel cell power plants for distributed power generation. The Company provides turn-key power generation solutions to its customers, including power plant installations, as well as power plant operation and maintenance. The Company's core fuel cell products offer power generation for customers, including the 2.8 Megawatts DFC3000, the 1.4 Megawatts DFC1500 and the 300 kilowatts DFC300.
The Company's DFC technology generates electricity directly from a fuel, such as natural gas or renewable biogas, by reforming the fuel inside the fuel cell to produce hydrogen. Its Direct FuelCell power plants (DFC power plants) produce base load electricity and heat around the clock for commercial, industrial, government and utility customers. The DFC power plants produce power for a variety of industrial, commercial, municipal and Government customers, including manufacturing, food processing plants, universities, healthcare facilities and military installations. The Company also offers solutions, such as DFC-ERG (Direct FuelCell Energy Recovery Generation) and HEFC (High Efficiency Fuel Cell). The DFC-ERG power plants are for use in natural gas pipeline applications and thermal energy is produced as a byproduct of the fuel cell's operation. The HEFC system is configured with a series of fuel cell modules that operate in sequence, yielding a higher electrical efficiency than the standard DFC configuration by utilizing heat energy to generate additional electricity. The HEFC configuration is designed to extract more electrical power from each unit of fuel with electrical efficiency of approximately 60%. The HEFC system is targeted at applications with large load requirements and limited waste heat utilization such as utility/grid support or data centers.
The Company has two primary markets for its products, which include Ultra-Clean Power and Renewable Power. The Ultra-Clean Power consists of its products operating on clean natural gas or directed biogas across seven distinct vertical markets. The Renewable Power consists of its products operating on renewable biogas across four distinct vertical markets. The Company's customer base includes utility companies, municipalities, universities, Government entities and a variety of industrial and commercial enterprises. The Company operates in South Korea, the United States, Asia, Europe and Canada. The Company's plants are operating in more than 50 locations in nine countries. The Company's subsidiaries include FCE FuelCell Energy Ltd.; Waterbury Renewable Energy, LLC; FuelCell Energy Finance, LLC; UB Fuel Cell LLC; DFC-ERG Milford, LLC; DFC-ERG CT, LLC; UCI Fuel Cell, LLC; Long Beach Clean Energy, LLC, and FCE Korea, Ltd.
The Company competes with Caterpillar Solar Turbines, Kawasaki, Cummins, Wartsilla, MTU Friedrichshafen GmbH (MTU), Mitsubishi Heavy Industries, Detroit Diesel, Ballard Power Systems, Ballard Power Systems, Plug Power, Toyota, Hyundai, GM, Doosan, LG/Rolls Royce partnership, General Electric, Bloom Energy, Parker Hannifin, Toyota/Kyocera and Ceramic Fuel Cells Ltd.
FuelCell Energy Inc
3 Great Pasture Rd
DANBURY CT 06810-8153