Kentucky Pioneer Energy and FuelCell Energy Sign Contract to Build Power Plant
Kentucky Pioneer Energy LLC, a subsidiary of Global Energy Inc., has signed a contract with FuelCell Energy Inc. (Danbury, CT) to build a power plant project in Clark County, KY, that includes a 2MW direct fuel cell power plant.
The fuel cell plant is part of a larger $432.0 billion 400MW project funded in part by the US Department of Energy (DOE). The fuel cell portion, estimated at $34.0 million, will be 50-percent funded by the DOE. FuelCell Energy will seek non-government financing for the balance of the project costs.
The Clean Coal V Project, one of the largest power plant projects in the Federal Clean Coal Technology Program, will demonstrate new ways to use coal for the production of low-cost electricity. It is the first Clean Coal Technology plant to employ a fuel cell and run on a combination of coal and renewable fuels.