FuelCell Energy Secures $160 Million Contract for Hartford Grid Support
Key Ideas
- FuelCell Energy has secured a $160 million contract to build a 7.4 MW fuel cell power plant in Hartford, Connecticut, aiming to strengthen the local grid with renewable energy.
- The project emphasizes the benefits of fuel cells in urban environments, offering space-efficient, quiet, and emission-free distributed energy using low-emission natural gas without combustion.
- The 20-year power purchase agreement with Eversource and United Illuminating is expected to generate significant future revenue for the company, highlighting its commitment to clean and sustainable energy solutions.
- FuelCell Energy's portfolio includes other successful projects like a 15 MW plant in Bridgeport and a 58.8 MW facility in South Korea, showcasing its expertise in clean energy technology worldwide.
FuelCell Energy has secured a contract to construct a 7.4 MW fuel cell power plant in Hartford, Connecticut, to support the local grid with renewable energy. The project, under a 20-year power purchase agreement with Eversource and United Illuminating, is expected to generate over $160 million in future revenue. FuelCell Energy highlights the benefits of fuel cells in urban settings, citing their efficiency, lack of emissions, and quiet operation. The use of low-emission natural gas without combustion will help eliminate harmful emissions. This initiative reflects the company's dedication to clean energy solutions. Additionally, FuelCell Energy's successful projects like the 15 MW plant in Bridgeport and the 58.8 MW facility in South Korea demonstrate its expertise in sustainable energy technology.
Topics
Utilities
Renewable Energy
Sustainability
Clean Technology
Grid Infrastructure
Urban Development
Energy Contracts
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