Profile: FuelCell Energy Inc (FCEL.A)
16 Aug 2019
Fuelcell Energy, Inc., incorporated on July 12, 1999, delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance. The Company's segment is fuel cell power plant production and research. The Company offers its services to various sectors, including utility companies, municipalities, universities, government entities and a range of industrial and commercial enterprises. The Company, by utilizing its Direct FuelCell (DFC) plants, is commercializing a tri-generation distributed hydrogen configuration that generates electricity, heat and hydrogen for industrial and/or transportation uses, as well as a fuel cell carbon capture solution for coal or gas-fired power plants. The Company is also developing and commercializing solid oxide fuel cell (SOFC) plants for sub-megawatt applications to the markets for its megawatt-class DFC power plants, as well as energy storage applications utilizing hydrogen as an energy carrier. Fuel cells use an electrochemical process to convert a fuel source into electricity and heat in a process that emits virtually no pollutants as the fuel is not burned, generating power that is wholly absent of criteria pollutants, such as nitrogen oxide (NOx) that causes smog, sulfur dioxide (SOx). Its power plants provide electricity priced competitively to grid-delivered electricity in certain high cost regions.
The Company's fuel cell products offer power generation for customers, including the 2.8 Megawatt (MW) DFC3000, the 1.4 MW DFC1500 and 3.7 MW DFC4000, plus derivations of this DFC product. It can provide a turnkey fuel cell project that includes project development, engineering, procurement and construction (EPC) services, operations and maintenance (O&M), and project finance. Its DFC carbonate fuel cell 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. The DFC fuel cell produces byproduct heat that can be utilized for Combined Heat and Power (CHP) applications using hot water, steam or chiller water for facility heating and cooling.
The DFC product line is a global platform based on carbonate fuel cell technology. The Company's power plants utilize a range of available fuels to produce electricity electrochemically. Thus, the plants generate more power and fewer emissions for a given unit of fuel than combustion-based power generation of a similar size, making them economical and environmentally responsible power generation solutions. In addition to electricity, the standard configuration produces heat, suitable for making steam or hot water for facility use, as well as absorption cooling.
The Company competes with Ballard Power Systems, Plug Power, Intelligent Energy Holdings, Toyota, Hyundai, Honda, GM, Doosan, LG, Rolls Royce, General Electric, Bloom Energy, Ceres Power Holdings, Parker Hannifin, Toyota/Kyocera, Ceramic Fuel Cells Ltd., Caterpillar, Cummins, Wartsilla, MTU Friedrichshafen GmbH, Mitsubishi Heavy Industries, Detroit Diesel, Kawasaki, Proton Onsite, H2 Logic, Hydrogenics Corporation, ITM Power PLC and McPhy Energy.
FuelCell Energy Inc
3 Great Pasture Rd
DANBURY CT 06810-8153