FuelCell Energy has today signed long-term power purchase agreements (PPAs) with the local distribution utilities.
The PPAs will cover a 14.8 megawatt fuel cell project in the town of Derby and a 7.4 megawatt fuel cell project in the city of Hartford. Both projects were awarded in June 2018 by the Connecticut Department of Energy and Environmental Protection (DEEP) in a competitive solicitation.
“I am delighted to see this project in Derby continuing to move forward through the process,” said House Republican Leader Themis Klarides. “Once developed and placed into operation, it will greatly improve resiliency in the area and generate much needed tax revenue. This is a win-win for Derby.”
The fuel cell project will provide infrastructure investment in the Derby area, which is expected to drive local economic development and environmental improvement through state sales tax and the local property taxes generated, as well as create and maintain high-tech manufacturing and construction jobs in Connecticut.
Chip Bottone, President and CEO of FuelCell Energy, added, “This project represents all of the positive energy, environment and economic policy goals that the state of Connecticut needs to achieve at a competitive price using in-state high tech advanced manufacturing that will provide clean power, GHG reductions, grid resiliency and reliability and smart, compact land use.”
The PPA agreements have been forwarded to the Connecticut Public Utilities Regulatory Authority (PURA) for final authorization.
The fuel cell power plant will be developed on a vacant parcel located in a mixed industrial, commercial and residential area north of Lake Housatonic. The highly efficient fuel cells will deliver competitively priced, Class I Renewable Energy in a compact footprint by remediating and repurposing a municipal brownfield in the city of Derby.
The project will employ the latest configuration of SureSource™ fuel cell technology with electrical efficiency approaching 60%. SureSource™ power plants solve energy, environmental and business-related power generation challenges by providing ultra-clean, efficient and reliable distributed power generation.
The fuel cells combine a fuel such as renewable biogas, directed biogas or clean natural gas with oxygen from the ambient air to efficiently produce ultra-clean electricity and usable high quality heat via an electrochemical process.
Customers benefit with operating cost reductions delivered in a manner that supports sustainability goals and enhances power reliability. With high availability and capacity factors, fuel cell power plants make meaningful contributions to Renewable Portfolio Standard targets.
The Hartford fuel cell project will be located on a vacant parcel enabling the productive use of a dormant property and the generation of significant tax revenue for the state and city. Once complete, the project will serve to improve the strength of the public electricity grid in an important load area that serves the commercial and industrial portions of the city.
The fuel cell project will provide infrastructure investment in the city of Hartford, which is expected to drive local economic development and environmental improvement through state sales tax and the local property taxes generated, as well as create and maintain high-tech manufacturing and construction jobs in Connecticut.
“An important factor in the selection of our technology for these projects is the fact that fuel cells are one of the most space-efficient, resilient clean energy technologies qualified under the Connecticut Class 1 Renewable Portfolio Standard. Affordably addressing both the distributed energy and sustainability needs of the utilities and the state of Connecticut is an attractive value proposition offered by FuelCell Energy,” Bottone added.
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