• Carbonate gasoline cell expertise captures CO₂ emissions from industrial sources, whereas concurrently producing electrical energy and hydrogen, useful co-products that may cut back the price of carbon seize and storage.

• Updated phrases of settlement present that FuelCell Energy can market its authentic era of carbon seize expertise along with a modified model of its authentic expertise that has been enhanced with improvements from the businesses’ collectively developed design.

• Pilot venture to check collectively developed carbon seize expertise continuing at Esso Nederland BV’s Rotterdam Manufacturing Complex; venture start-up anticipated in early 2026.

DANBURY, Conn., April 08, 2024 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq: FCEL) and ExxonMobil Technology and Engineering Company (EMTEC) have up to date and prolonged a joint improvement settlement (JDA) governing the businesses’ improvement of distinctive expertise that captures CO₂ emissions instantly from industrial sources whereas producing electrical energy and hydrogen concurrently. As a end result, entry to the expertise could possibly be accelerated for industrial clients.

The JDA between FuelCell Energy and EMTEC has been prolonged by means of December 31, 2026, to permit for continued improvement work for the expertise, together with help of the pilot venture on the Esso Nederland BV Rotterdam Manufacturing Complex. The pilot venture is co-funded by the European Union beneath the Emissions Trading System Innovation Fund and by the Netherlands Enterprise Agency by the use of a Demonstration Energy and Climate Innovation (DEI+) grant.

The settlement permits FuelCell Energy to include parts of the collectively developed expertise into present carbon seize merchandise presently being marketed to clients. This is anticipated to speed up supply of the expertise to the market whereas the following era cell and module design is being demonstrated in Rotterdam.

The collectively developed carbon seize gasoline cell expertise to be demonstrated in Rotterdam options an optimized design for giant scale installations. The expertise, which captures carbon whereas concurrently producing electrical energy and hydrogen, may enhance the economics of carbon seize and will probably decrease the barrier to broader adoption of carbon seize within the market.

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Jason Few, CEO and president of FuelCell Energy stated, “Through this updated agreement, we can move more quickly to provide access to this superior technology in our existing platform targeting small to mid-scale opportunities while we demonstrate large scale carbon capture at Esso’s refinery in Rotterdam.”

He added, “Reaching this stage is a significant milestone for FuelCell Energy, as the technology so far has met or exceeded key technical performance criteria, and that’s a victory for the talented scientists and engineers from both of our companies. It also reinforces our view that there are significant commercial possibilities for this technology to enable a world empowered by clean energy.”

JDA to Help Accelerate Delivery of Technology’s Jointly Developed Innovations

The JDA extension supplies FuelCell Energy the chance to pursue carbon seize alternatives with clients utilizing the optimized carbon seize cell structure inside our present era module design incorporating choose enhancements derived from our joint improvement work. We imagine this may speed up supply of the advantages of the expertise to market whereas the following era cell and module design are being demonstrated in Rotterdam. In addition, it’s going to help future pioneer venture deployments of the collectively developed expertise that the businesses anticipate pursuing with choose clients.

We imagine the flexibility to include enhancements from the JDA into FuelCell Energy’s present era modules will improve the capabilities of our energy, hydrogen, and carbon restoration options and supply the flexibility to supply extra enticing near-term carbon seize options.

Commercial Framework to be Outlined

Along with the execution of the JDA extension, FuelCell Energy and ExxonMobil intend to barter a industrial framework geared toward enabling deployments of the carbonate gasoline cell expertise for carbon seize.

In addition, FuelCell Energy and ExxonMobil will proceed participating the commercial emitter market, with a deal with demonstrating the distinctive worth proposition provided by the flexibility to seize CO₂ emissions from an exterior supply and produce electrical energy and hydrogen concurrently.

Manufacturing of the modules for the Rotterdam demonstration has begun in FuelCell Energy’s Torrington, Connecticut, manufacturing facility.

Jointly Developed Technology

FuelCell Energy and ExxonMobil’s 10-year-long working relationship has centered on innovating expertise that may considerably cut back CO₂ emissions from emission-intensive sectors whereas producing electrical energy and hydrogen within the course of, one thing that no different gasoline cell expertise or standard absorption programs can do.

CO₂-containing flue streams, similar to combustion exhaust, will be directed to the gasoline cell, the place electrochemical reactions produce electrical energy and hydrogen, whereas capturing and concentrating carbon dioxide for utilization or everlasting sequestration and destroying NOx. By comparability, different carbon seize applied sciences devour vitality from the host plant, grid, or onsite era reducing effectivity and presenting a barrier to broader adoption. CFC expertise can be modular, probably enabling carbon seize throughout a variety of deployment scales.

About FuelCell Energy

FuelCell Energy, Inc. is a worldwide chief in sustainable clear vitality applied sciences that tackle a few of the world’s most crucial challenges round vitality, security, and world urbanization. It collectively holds 531 gasoline cell expertise patents within the United States and globally. As a number one world producer of proprietary gasoline cell expertise platforms, FuelCell Energy is uniquely positioned to serve clients together with companies, utilities, governments, and municipalities with sustainable merchandise and options. The firm’s options are designed to allow a world empowered by clear vitality, enhancing the standard of life for folks across the globe. Learn extra at fuelcellenergy.com.

Contacts:

ir@fce.com
203.205.2491

Kathleen Blomquist
kblomquist@fce.com
203.546.5844

Source: FuelCell Energy