FuelCell Energy Secures Funding for Innovative eFuel Projects in Canada
Key Ideas
  • FuelCell Energy has received a $5.9 million CAD grant from Natural Resources Canada's Clean Fuels Fund for two eFuel projects in Canada.
  • The projects involve collaborations with Canadian Nuclear Laboratories, Expander Energy, Nuclear Promise X, and St. Marys Cement, aiming to produce synthetic diesel fuels using zero-carbon hydrogen.
  • The initiatives will evaluate the economic viability of producing synthetic diesel fuels from biomass gasification and solid oxide electrolysis, as well as demonstrate synthesis gas production through co-electrolysis at a cement facility.
  • This aligns with FuelCell Energy's mission of providing sustainable energy solutions and showcases the capabilities of their solid oxide platform in utilizing nuclear power with 100% electrical efficiency.
FuelCell Energy, listed on Nasdaq as FCEL, has secured a $5.9 million CAD grant from Natural Resources Canada's Clean Fuels Fund for two innovative eFuel projects in Canada. These projects, in collaboration with Canadian Nuclear Laboratories, Expander Energy, Nuclear Promise X, and St. Marys Cement, aim to utilize FuelCell Energy's solid oxide electrolysis technology to produce synthetic diesel fuels using zero-carbon hydrogen. The first project will assess the economic viability of producing synthetic diesel fuels from biomass gasification and solid oxide electrolysis, while the second project will demonstrate synthesis gas production through co-electrolysis at a St. Marys cement facility, utilizing carbon dioxide from the plant's flue gas emissions. These initiatives align with FuelCell Energy's objective of providing sustainable energy solutions and showcasing the capabilities of their solid oxide platform in leveraging nuclear power with 100% electrical efficiency.
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