Air Products (APD), FuelCell (FCEL) to Develop DFC Power Plants
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Air Products (NYSE: APD) and FuelCell Energy, Inc. (Nasdaq: FCEL) have signed a Memorandum of Understanding to work toward the market development of stationary Direct FuelCell (DFC) power plants that simultaneously produce hydrogen, ultra-clean electricity and usable high quality heat. Target markets for these tri-generation stationary fuel cell power plants include industrial hydrogen users as well as vehicle fueling applications.
The initiative seeks to develop a market for tri-generation megawatt-class power plants around the world. Industrial users of hydrogen can utilize all three of the DFC revenue streams including hydrogen, electricity and heat. On-site or local production of hydrogen and electricity eliminates the delivery costs incurred by industrial companies while enhancing security and reliability of supply.
The initiative seeks to develop a market for tri-generation megawatt-class power plants around the world. Industrial users of hydrogen can utilize all three of the DFC revenue streams including hydrogen, electricity and heat. On-site or local production of hydrogen and electricity eliminates the delivery costs incurred by industrial companies while enhancing security and reliability of supply.
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