FuelCell Energy, Inc. (NASDAQ: FCEL) is an integrated fuel cell company that designs, manufactures, installs, operates and services stationary fuel cell power plants.

As a leading global fuel cell company, we provide ultra-clean, efficient and reliable baseload distributed generation for electric utilities, commercial and industrial companies, universities, municipalities, government entities and other customers around the world.

Versatile & environmentally responsible energy

Direct FuelCell® (DFC®) power plants manufactured by FuelCell Energy can utilize a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas, directed biogas and propane.

Our DFC power plants produce power electrochemically — without burning fuels — making them clean, quiet and environmentally responsible alternatives to combustion-based generation.

Our power plants have generated more than 3 billion kilowatt hours of ultra-clean electricity, equivalent to powering more than 245,000 average-size U.S. homes for one year.

Your global ultra-clean distributed generation solutions partner

FuelCell Energy’s world headquarters are located in Danbury, Connecticut, in the USA. Our global markets are served from a state-of-the-art production facility in nearby Torrington, Connecticut.

FuelCell_logo_120725Our customers in Europe are served by German-based FuelCell Energy Solutions, GmbH, a majority owned joint venture with sales and service located in Dresden, Germany and manufacturing in Ottobrunn, Germany, which is near Munich.

Customers in Asia are served by our partner POSCO Energy from manufacturing facilities located in Pohang, South Korea.

Comprehensive Operations, Maintenance, and Installation Services

FuelCell Energy offers a comprehensive portfolio of services for fuel cell power plants. Specially trained technicians and engineers remotely operate and maintain virtually our entire installed base of Direct FuelCell power plants globally, 24 hours per day, 365 days per year from the state-of-the-art Global Technical Assistance Center located at our Danbury, Connecticut headquarters. Field service technicians directly employed by FuelCell Energy service the power plants on-site.

Advanced Technologies

FuelCell Energy scientists are actively researching unique applications for our versatile DFC technology including hydrogen generation and carbon capture. In addition, we are pursuing research with solid oxide fuel cells as well as hydrogen compression and storage.

History

FuelCell Energy’s international reputation for leadership in ultra-clean energy solutions has been built on a long history of innovative research and development that reflects the successes of our highly talented and creative workforce. We are the first fuel cell manufacturer to commercialize megawatt-class stationary fuel cell power plants and we believe that we are the first stationary fuel cell manufacturer to generate a quarterly gross profit.

Long history of innovation and achievement

FuelCell Energy traces its roots back to 1969 and the founding of Energy Research Corporation (ERC) by early fuel cell pioneers Bernard Baker and Martin Klein, both chemical engineers with expertise in advanced battery technologies.

In the 1970′s, with funding from the U.S. military and utility companies, the Company conducted extensive research into low-temperature fuel cells as well as silver-zinc battery cells. In the 1980′s and 1990′s the Company switched its focus to high-temperature carbonate fuel cell systems which offered greater commercial applications due to the ability to internally reform readily available fuels such as natural gas and renewable biogas within the fuel cell itself to provide the hydrogen for the power generation process.

Our first commercial power plant was installed in 2003 using a 250 kilowatt (kW) fuel cell stack. Through technology enhancements and cost reductions, we have increased the power output of the stacks by 40 percent to 350 kW and reduced product costs by more than 60 percent. Today we are installing multi-megawatt fuel cell plants and fuel cell parks globally.

The production facility in Torrington, Connecticut, USA was completed in 2001 and produced [2] megawatts (MW) of product the first year. As of the end of fiscal year 2012, the plant was producing at an annual run-rate of 56 MW. The total annual capacity of the facility is 90 MW.

FuelCell Energy began expanding globally in 2007 through its partnership with POSCO Energy , targeting markets in Southeast Asia, particularly South Korea. A European manufacturing, sales and service presence was established in 2012, with German-based FuelCell Energy Solutions, GmbH.

Manufacturing

State-of-the-art manufacturing facilities and processes

FuelCell Energy, Inc. employs state-of-the-art manufacturing processes and equipment to manufacture the fuel cell components that are the heart of a fuel cell power plant. The individual fuel cell components are manufactured in Torrington, Connecticut, USA using proprietary designs and processes. The production line is configured for continuous flow and continual improvement is a core aspect of the production process. The company’s quality management system is ISO 9001:2008 certified.

A fuel cell component manufacturing facility is under construction in Pohang, South Korea that is owned by partner, POSCO Energy. Manufacturing is expected to begin in 2015 under a license agreement.  Additional production capacity for the assembly of sub-megawatt DFC plants is available at a facility located in Ottobrunn, Germany that is operated by FuelCell Energy Solutions, GmbH, a joint venture operated by FuelCell Energy, Inc. and Fraunhofer IKTS.

Sustainability

Helping customers achieve their sustainability objectives

FuelCell Energy’s ultra-clean, efficient and reliable fuel cell power plants help our customers achieve their sustainability goals. These environmentally friendly products support the “Triple Bottom Line” concept of sustainability, consisting of Environmental, Social and Economic considerations.

Our power plants’ many unique attributes, including high efficiency, virtually pollutant-free operation and Combined Heat & Power (CHP) capability, make it possible for our customers to dramatically improve their energy efficiency profiles while simultaneously reducing emissions and costs.

Put simply, higher efficiency drives both better economics and environmental stewardship. Our ultra-clean, highly efficient and reliable distributed power generation solutions support social responsibility goals and public policy objectives.

Putting sustainability concepts into practice

FuelCell Energy takes sustainability just as seriously as our customers. We continue to incorporate sustainability best practices into our corporate culture and into the design, manufacture, installation and servicing of our stationary fuel cell power plants.

We strive for “cradle-to-cradle” sustainable business practices. For example, at the end-of-life for our power plants, we refurbish and re-use certain parts of the power plant and we are able to recycle most of what we cannot use. Some of the parts in the fuel cell module can be re-furbished, such as end plates, while the individual fuel cell components are sent to a smelter for recycling. The balance of plant has an operating life of twenty to twenty-five years, at which time metals such as steel and copper can be reclaimed for scrap value.

We have made measurable progress with incorporating sustainable business practices throughout all aspects of our organization but we recognize that there is still more potential and more work to be done.

We have a designated Sustainability Officer who promotes sustainable business practices in our manufacturing and administrative functions. For example:

• On the production floor, we reuse scrap from the manufacturing process, minimizing production waste.
• We use industrial air compressors in our manufacturing process and route excess heat from the compressor room to the main facility, reducing both our heating costs and emissions. We are working to do the same with the heat generated by our industrial ovens.Our research and development labs are continually testing a variety of fuel cell applications, generating ultra-clean electricity in the process. This clean electricity is used to power our operations.
• Our corporate offices and manufacturing facility have been upgraded with high efficiency lighting.
• In administrative functions, we strive continually to improve energy efficiency. Recycling and minimizing printing are simple acts that preserve natural resources, benefiting future generations.

The team at FuelCell Energy takes pride in helping our customers solve power generation challenges in an environmentally supportive manner and we take seriously our responsibilities individually and collectively to support the Triple Bottom Line of sustainable business practices.

Services

When you purchase a Direct FuelCell® (DFC®) power plant from FuelCell Energy, we embark on a long-term relationship together. Our goal is to provide complete support to each of our valued customers for the life cycle of the product. We stand by each DFC in the field, and embrace a customer-focused and customer-driven culture. FuelCell Energy offers customers a broad range of services that can be matched to the specific needs of the facility with comprehensive service agreements up to 20 years in duration. Whether a single, 300 kW system, or a fleet of DFC products generating multiple megawatts of power, our Services team will work with you to identify the ideal service agreement that best meets your specific needs.

Products

The complete line of carbonate Direct FuelCell® (DFC®) products from FuelCell Energy, Inc. delivers ultra-clean distributed power – efficiently and economically. Direct FuelCells provide distinct advantages over other forms of distributed power generation, including

• High efficiency with fuel conversion efficiency unsurpassed in the industry
• Fuel flexibility with the ability to operate on readily available natural gas or renewable biogas
• Virtually no pollution as DFC plants emit only trace levels of nitrogen oxide (NOx), sulfur oxide (SOx) or particulate matter

The 2.8 megawatt DFC3000 fuel cell power plant, the 1.4 megawatt DFC1500 power plant and the sub-megawatt DFC 300 power plant have all been designated as “Ultra-Clean” under 2007 California Air Resources Board (CARB) standards. Being an Ultra-Clean distributed generation product reduces the time and cost for permitting and installing DFC power plants at customer locations while helping the environment.

DFC power plants have a variety of benefits and features that serve our customers:

• Efficient: generates more electricity using less fuel with unparalleled electrical power generation efficiency of 47%
• Ultra-clean: emits virtually zero pollutants and low CO2
• Quiet: operates virtually unnoticed, making them suitable for almost any location
• Reliable: baseload power supports facilities that operate continuously
• Economical: produces up to six times more electrical power than other forms of distributed generation with the same fuel input and can operate at up to 90% efficiency when used in Combined Heat and Power (CHP) applications
• Simple: real-time monitoring of fuel cell system around-the-clock from FuelCell Energy’s state-of-the-art Global Technical Assistance Center (GTAC)
• Versatile: operates on a variety of fuels for use in a wide range of applications