Scale Microgrids Acquires Innovative Fuel Cell Project in Bridgeport, Connecticut
Key Ideas
  • Scale Microgrids acquires a 9.6MW combined heat and power fuel cell project in Bridgeport, Connecticut, focusing on clean energy and sustainability.
  • The project involves the conversion of natural gas into hydrogen through an electrochemical process by HyAxiom, promoting combustion-free electricity and waste heat utilization.
  • Investec and MUFG provide debt financing while Foss & Co offers tax equity, showcasing a collaborative effort to advance clean energy solutions and enhance local energy reliability.
  • Multiple stakeholders express excitement and confidence in the project, emphasizing its innovative nature and potential to serve as a model for future projects in the clean energy sector.
Scale Microgrids, a distributed energy company, has acquired a 9.6-megawatt combined heat and power (CHP) fuel cell project in Bridgeport, Connecticut, from NuPower, an Easton-based sustainable energy projects developer. The project, involving a thermal loop, aims to drive economic, reliability, and sustainability outcomes in Bridgeport. HyAxiom, Connecticut's largest fuel cell manufacturer, will fabricate and operate the fuel cells that convert natural gas into hydrogen to generate combustion-free electricity and waste heat utilized in a thermal loop. The project, named Project Charter Oak, received debt financing from Investec and MUFG, with tax equity from Foss & Co. Stakeholders like Scale Microgrids, NuPower, HyAxiom, and financial supporters expressed enthusiasm for the project's potential to pioneer innovative clean energy technology. The collaboration highlights a commitment to advancing clean energy solutions and benefiting communities and the environment. The project marks a significant step in embracing cutting-edge technologies and microgrid systems, setting the stage for future opportunities in the clean energy sector.
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