FuelCell Energy, Inc., a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced the award of 39.8 megawatts fuel cell projects by PSEG Long Island under the Fuel Cell Resources Feed-in Tariff. This 40 megawatt FIT IV program is structured to enhance energy resiliency with clean local power generation for Long Island, New York. Under this PSEG program, Long Island Power Authority (LIPA) will purchase the power from the fuel cell projects under 20 year power purchase agreements. FuelCell Energy will install, operate and maintain the fuel cell power plants.
“This utility-issued program is well structured to address power generation and resiliency needs on Long Island by locating clean, quiet and affordable power near existing electrical substations that need additional electricity,” said Chip Bottone, President and Chief Executive Officer of FuelCell Energy, Inc. “Fuel cells are one of the most space-efficient clean energy technologies qualified under the New York State Clean Energy Standard, and these projects demonstrate the many benefits of integrating clean and predictable fuel cells into New York’s energy mix.”
Each fuel cell project will supply a different LIPA electrical substation on Long Island, including:
An 18.5 megawatt project located near the Brookhaven Rail Terminal in Yaphank consisting of five SureSource 4000TM power plants.
A 13.9 megawatt combined heat and power project in the town of Brookhaven consisting of three SureSource 4000TM power plants and one SureSource 3000TM power plant plus an absorption chilling system that will provide thermal energy to a neighboring commercial business.
A 7.4 megawatt project in the Yaphank consisting of two SureSource 4000TM power plants.
“These projects will provide local revenue generation, economic development, and clean energy resources that are consistent with the goals of New York State’s Reforming the Energy Vision (REV) to build a clean, more resilient, and affordable energy system,” continued Mr. Bottone.
The local municipality of Brookhaven will benefit from incremental revenue as three vacant commercial parcels of land are converted to revenue producing sites.
Next steps in project development include working with the utility on the interconnection agreements, power purchase agreements, and finalizing site engineering.
The SureSource 4000 is the largest power plant in FuelCell Energy’s product portfolio, generating 3.7 megawatts of ultra-clean power with leading electrical efficiency of approximately 60 percent. This enhanced-efficiency fuel cell system is designed for applications focused on clean and affordable power driven by the economics of high system electrical efficiency rather than thermal efficiency.
Fuel cells use chemistry to convert a fuel source into electricity and heat in a highly efficient process that emits virtually no pollutants as the fuel is not burned. The combination of near-zero pollutants, modest land-use needs, and quiet operating nature of these stationary fuel cell power plants facilitates installation in urban locations where the power is used. 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 Clean Energy Standards targets.
Source: FuelCell Energy
Date: Jul 28, 2017