FCE Sells DFC Power Plant to Salt River Project

January 25, 2004 by Jeff Shepard

FuelCell Energy Inc. (FCE, Danbury, CT) has signed an agreement with Arizona-based Salt River Project (SRP) to provide and service a 250kW Direct FuelCell® (DFC®) power plant. The DFC300A power plant will be owned and operated by SRP and will be located at the Arizona State University East Campus in Mesa. The unit will feed the electricity output into SRP's local grid. Delivery is expected in late 2004 or early 2005. Financial terms were not disclosed.

"This new order is consistent with our goal of developing sustainable markets for our DFC products," said FuelCell Energy Senior Vice President of Marketing and Sales Herbert Nock. "Municipal utilities have been early adopters of environmentally friendly and efficient technologies, investing in projects that deliver broader benefits in addition to electricity. We are very pleased to be working with SRP to gain additional experience for our DFC products in utility applications."