FCEL in the news

FuelCell Energy Signs With King County, Washington for Digester / Direct=20
FuelCell Energy Project=20
?=20

Updated: Thursday, January 25, 2001 08:36 AM?ET=20

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DANBURY, Conn.--(BUSINESS WIRE)--Jan. 25, 2001--=20
One Megawatt Fuel Cell Power Plant to Demonstrate=20

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Ability of Fuel Cell to Control Emissions and=20
Utilize Renewable Fuel Source=20
FuelCell Energy, Inc. (Nasdaq: FCEL, news, msgs) and King County, Washingto=
n,=20
jointly announced the signing of an agreement to install a Direct FuelCell(=
R)=20
(DFC(R)) power plant using municipal wastewater digester gas as the fuel.=
=20
FuelCell Energy was selected for the project through a competitive process=
=20
last July to install and operate a 1MW DFC power plant at the County's Sout=
h=20
Wastewater Treatment Facility in Renton, Washington (King County). The two=
=20
year demonstration project is cost-shared equally by FuelCell Energy and Ki=
ng=20
County, through a cooperative grant to the County from the U.S. Environment=
al=20
Protection Agency (EPA). Total value of the contract is $18.8 million.=20
Operations are expected to commence during the third quarter of 2002.=20
"This megawatt-class commercial field trial of the DFC power plant represen=
ts=20
the first advanced wastewater digester project for FuelCell Energy", said=
=20
Jerry Leitman, president and CEO of FuelCell Energy. "This project will=20
demonstrate the versatility of fuel use with the Direct FuelCell, as well a=
s=20
its capability to produce more electricity than other technologies using th=
e=20
same quantity of fuel. With 500 municipal waste-water treatment systems in=
=20
the U.S., and a greater number of industrial wastewater treatment facilitie=
s=20
that produce sufficient gas to supply our fuel cell power plants, we=20
anticipate that generation of electricity at wastewater treatment plants wi=
ll=20
be a significant market for FuelCell Energy."=20
"This is cutting edge technology that will help King County turn a waste=20
byproduct into a valuable resource," said King County Executive Ron Sims.=
=20
"This is an important project as we look to meeting our future power needs =
in=20
this new era of higher priced electricity.=20
A wastewater treatment system that uses an anaerobic digester process to=20
stabilize solids and reduce pathogenic microorganisms produces a methane-ri=
ch=20
gas that can be fed to the DFC power plant. According to industry sources, =
a=20
30 mgd wastewater treatment plant generates sufficient digester gas to fuel=
a=20
one megawatt fuel cell power plant using carbonate technology.=20
Gregory M. Bush, manager, technology assessment and resource recovery at th=
e=20
Department of Natural Resources for King County, said, "This is a very=20
exciting project for King County. We are able to use a renewable gas resour=
ce=20
product, in this case, a by-product of the wastewater treatment, to produce=
=20
electricity to power our plant, and achieve a higher value in the process. =
We=20
acknowledge the vision of EPA in seeing that wastewater treatment plants ca=
n=20
contribute to the reduction of greenhouse gas and air pollution=20
conventionally associated with electricity generation. We're pleased to pla=
y=20
a part in validating digester/fuel cell systems because of the environmenta=
l=20
benefits of producing power without combustion, thereby reducing air=20
pollutants."=20
Robert K. Bastian, senior environmental scientist for the EPA Office of=20
Wastewater Management, commented, "Once able to operate on a sustainable=20
basis, it appears that fuel cells have the potential to improve the=20
efficiency of energy recovery from digester gas, while greatly reducing air=
=20
emissions -- including greenhouse gases -- from wastewater treatment plants=
.=20
The 1MW Carbonate Fuel Cell demonstration project at King County provides a=
n=20
opportunity to show and document this potential improvement in energy=20
recovery and reduction in air emissions from the conversion of methane=20
produced by anaerobic sludge digestion to electrical power."=20
FuelCell Energy's field trials are precursors to the DFC commercial market=
=20
entry. Current field trials in operation or scheduled for 2001 include 250 =
kW=20
DFC power plants at the University of Bielefeld and the Rhone Klinikum=20
Hospital in Germany, at the headquarters of the Los Angeles Department of=
=20
Water and Power, a 250 kW system in Japan for Marubeni and a 250 kW unit=20
slated for the spring of 2001 at Mercedes-Benz U.S. International in=20
Tuscaloosa, Alabama. Also slated for 2001 is a 3 kW DFC unit for the U.S.=
=20
Coast Guard at the Cape Henry Lighthouse in Virginia to demonstrate fuel ce=
ll=20
capabilities at remote sites. Discussions are underway with PPL EnergyPlus=
=20
regarding site location for their first order of a 250 kW unit to be shippe=
d=20
later this year.=20
About Direct FuelCell(R) Technology=20
The growing demand in both private and public sectors for clean, efficient=
=20
power in the US and around the world is driving interest in fuel cell=20
technology. FuelCell Energy's DFC(R) technology, which uses a non-combustio=
n,=20
non-mechanical power generation process, has been proven to deliver cleaner=
,=20
more efficient power than that generated by conventional power plants.=20
About FuelCell Energy, Inc. (www.fuelcellenergy.com)=20
Danbury, Connecticut-based FuelCell Energy, Inc. is a world-recognized lead=
er=20
in the development and commercialization of high efficiency fuel cells for=
=20
electric power generation. The Company's Direct FuelCell technology=20
eliminates external fuel processing to extract hydrogen from a hydrocarbon=
=20
fuel. This results in a product whose cost, combined with high efficiency,=
=20
simplicity and reliability, offers significant product advantages for=20
stationary power generation. The Company has been developing DFC(R)=20
technology for stationary power plants with the U.S. Department of Energy=
=20
through the National Energy Technology Laboratory, whose advanced fuel cell=
=20
research program is focused on developing a new generation of high=20
performance fuel cells that can generate clean electricity at power station=
s=20
or in distributed locations near the customer, including hospitals, schools=
,=20
data centers and other commercial and industrial applications.=20
This press release contains forward-looking statements, including statement=
s=20
regarding the Company's plans and expectations regarding the development an=
d=20
commercialization of its fuel cell technology. All forward-looking statemen=
ts=20
are subject to risks and uncertainties that could cause actual results to=
=20
differ materially from those projected. Factors that could cause such a=20
difference include, without limitation, the risk that commercial field tria=
ls=20
of the Company's products will not occur when anticipated, general risks=20
associated with product development, manufacturing, changes in the utility=
=20
regulatory environment, potential volatility of energy prices, rapid=20
technological change, and competition, as well as other risks set forth in=
=20
the Company's filings with the Securities and Exchange Commission. The=20
forward-looking statements contained herein speak only as of the date of th=
is=20
press release. The Company expressly disclaims any obligation or undertakin=
g=20
to release publicly any updates or revisions to any such statement to refle=
ct=20
any change in the Company's expectations or any change in events, condition=
s=20
or circumstances on which any such statement is based.=20

CONTACT: FuelCell Energy, Inc.
Investors:
Susan Odiseos, 203/825-6475
sodiseos@fce.com
or
Media:
William Baker, 860/350-9100
wbaker@bakercg.com
or
King County
Gregory M. Bush, 206/684-1164
greg.bush@metrokc.gov
or
Media:
Carolyn Duncan, 206/296-8304
carolyn.duncan@metrokc.gov

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