FuelCell Energy (FCEL) Sells Fuel Cell Power Plan to E.ON Connecting Energies GmbH

November 10, 2016 8:36 AM EST

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FuelCell Energy, Inc. (Nasdaq: FCEL) announced on behalf of FuelCell Energy Solutions GmbH, the sale of a fuel cell power plant to E.ON Connecting Energies GmbH (E.ON) as part of a collaborative joint business approach that is a repeatable business model for a broad range of customers and applications. The highly efficient combined heat and power fuel cell power plant will be installed in Germany at a commercial location. This on-site fuel cell installation provides the power user with secure and clean power. Installation of the power plant is expected to begin in early 2017 and shall be serviced by FuelCell Energy Solutions (FCES) under a long term service agreement.

“This is a global replicable project model with utility ownership for easy-to-site distributed power generation,” said Chip Bottone, President and Chief Executive Officer FuelCell Energy, Inc. and Managing Director, FuelCell Energy Solutions GmbH. “Customers value the multiple attributes of clean on-site power generation but most important is that our fuel cell solutions help our customers reduce their energy costs.”

The fuel cell power plant will be located right next to the building using the power and heat as the clean and quiet power generation enables siting fuel cells where the power is used. The fuel cells will meet more than 80 percent of the power needs of the facility as well as supporting heating and hot water needs. Adopting low-carbon and virtually emission-free on-site fuel cell power generation supports sustainability initiatives for the project host and continues to position EON as an environmental leader.

Fuel cells electrochemically convert a fuel source into electricity and heat in a highly efficient process that emits virtually no pollutants due to the absence of combustion. The combination of near-zero pollutants, modest land-use needs, and quiet operating profile facilitates permitting and enables locating the power plants in urban locations.

E.ON Connecting Energies GmbH is a business unit of E.ON that offers integrated energy solutions for commercial and industrial customers as well as public-sector institutions internationally.



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