News

Fuel Cell Technologies Announces Contract to BP Shipping

September 26, 2005 by Jeff Shepard

Fuel Cell Technologies Ltd., the operating subsidiary of Fuel Cell Technologies Corp. (FCT, Kingston, ON), a developer of solid-oxide fuel cell (SOFC) systems, announced the signing of a contract for a 5 kW SOFC fuel cell system with BP Shipping Ltd. Since June 2005, FCT has signed contracts totaling $1.2 million for systems to be delivered by the end of the year. BP Shipping will use the system on board one of its liquid natural gas (LNG) tankers to demonstrate the use of SOFCs to power auxiliary shipboard applications. The SOFC system will be fueled by the LNG "boil-off" to generate electricity more efficiently than the traditional steam boilers currently employed on board the tanker.

"The sale to BP Shipping is an example of how Siemens AG and FCT are working together to bring SOFC systems to the market, and illustrates the benefits of FCT's sales distribution relationship with Siemens," said FCT President and CEO John Stannard. "Siemens' network extends FCT's reach, and we look forward to further developing this relationship to achieve more sales in Europe as our product becomes readily available."