Air Products Selects FuelCell Energy for Development of Next Generation Hydrogen Energy Station; U.S. Department of Energy Project Will Spotlight Co-Production of Hydrogen and Power.LEHIGH VALLEY The Lehigh Valley or the Allentown-Bethlehem-Easton, PA-NJ metropolitan area is a metropolitan region in eastern Pennsylvania and western New Jersey, in the United States. It is the third-most populated metropolitan region in Pennsylvania, after Philadelphia and Pittsburgh. , Pa. & DANBURY, Conn. -- Air Products (NYSE NYSE See: New York Stock Exchange : APD APD atrial premature depolarization (see atrial premature complex, under complex ); pamidronate. ) announced today that it has awarded a subcontract to FuelCell Energy, Inc. (NasdaqNM:FCEL) under a United States Department of Energy The United States Department of Energy (DOE) is a Cabinet-level department of the United States government responsible for energy policy and nuclear safety. Its purview includes the nation's nuclear weapons program, nuclear reactor production for the United States Navy, (DOE) Cooperative Agreement to evaluate, design and demonstrate a next-generation Hydrogen Energy Station (HES). The HES will build upon FuelCell Energy's ultra-clean Direct FuelCell(R) (DFC DFC - A dataflow language. ["Data Flow Language DFC: Design and Implementation", S. Toshio et al, Systems and Computers in Japan, 20(6):1- 10 (Jun 1989)]. (R)) power plants and Air Products' advanced gas separation technologies. The HES is directed toward co-producing hydrogen for vehicle fueling and electrical power from a single system. The HES effort will be directed toward a capability of using readily available fuels such as natural gas, propane and anaerobic anaerobic /an·aer·o·bic/ (an?ah-ro´bik) 1. lacking molecular oxygen. 2. growing, living, or occurring in the absence of molecular oxygen; pertaining to an anaerobe. digester di·gest·er n. 1. One that makes a digest. 2. Chemistry A vessel in which substances are softened or decomposed, usually for further processing. Noun 1. gas from municipal and industrial wastewater treatment Industrial wastewater treatment A group of unit processes designed to separate, modify, remove, and destroy undesirable substances carried by wastewater from industrial sources. facilities. "This Hydrogen Energy Station could establish a bridge for continued hydrogen infrastructure development. The HES will integrate aspects of FuelCell Energy's DFC technology and Air Products' process and separation technology to provide a unique and highly-efficient offering. Air Products believes that the HES can potentially be competitive with other distributed hydrogen generation technologies," said Greg Keenan, business development manager for Future Energy Solutions at Air Products. Several locations are being evaluated for the demonstration of the HES, presently scheduled to be on-stream in 2007. "We are currently commercializing our DFC power plants for combined heat and power applications in the U.S., Europe and Asia," said Dr. Hansraj C. Maru, FuelCell Energy's chief technology officer. "Making hydrogen available locally for other applications, such as automotive fuel cells, enhances the value proposition of our DFC products." On-site generation of hydrogen is a potential solution to challenges relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc development and construction of an infrastructure for fueling hydrogen vehicles. The HES will be based upon the use of high-temperature fuel cell technology to produce three products; hydrogen, heat and electricity, wherein unreacted hydrogen can be recovered from anode anode (ăn`ōd), electrode through which current enters an electric device. In electrolysis, it is the positive electrode in the electrolytic cell. anode Terminal or electrode from which electrons leave a system. exhaust gas Exhaust gas is flue gas which occurs as a result of the combustion of fuels such as natural gas, gasoline/petrol, diesel, fuel oil or coal. It is discharged into the atmosphere through an exhaust pipe or flue gas stack. . The HES will be designed to optimize the output based on user demand. FuelCell Energy's sub-megawatt power plant will be integrated with an Air Products hydrogen purification system and related support sub-systems. The HES is designed to provide up to 250 kilowatts of electricity daily, sufficient to provide the base load power requirements of a 300-room suburban hotel, and enough hydrogen to fuel 20 cars per day. Air Products recently completed a detailed evaluation on technical and economic aspects of this project under an initial phase of the effort. The system evaluation of co-producing hydrogen and electricity resulted in promising economics. "A single unit that potentially offers all three products is certainly attractive as a technology option for a number of new applications," said Keenan. He added that power plants based upon this technology offer high efficiency, being able to recover up to 80-85 percent of the energy entering the system, and have low emissions. FuelCell Energy has more than 40 power plant installations utilizing its base DFC technology throughout the world. Since it delivered its first commercially-available DFC power plant in January 2003, FuelCell Energy's units have generated more than 70 million kilowatt hours of electricity at customer sites. The HES evaluation effort will expand on experience gained from Air Products' initial hydrogen energy station developed under DOE funding and in conjunction with the City of Las Vegas
The City of Las Vegas . The world's first hydrogen energy station featuring the co-production of hydrogen fuel and electric power was formally dedicated in November 2002. About Air Products Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials Semiconductor materials are insulators at absolute zero temperature that conduct electricity in a limited way at room temperature (see also Semiconductor). The defining property of a semiconductor material is that it can be doped with impurities that alter its electronic properties , refinery hydrogen, home healthcare services, natural gas liquefaction liquefaction, change of a substance from the solid or the gaseous state to the liquid state. Since the different states of matter correspond to different amounts of energy of the molecules making up the substance, energy in the form of heat must either be supplied to , and advanced coatings and adhesives. Air Products is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Sustainability and FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 4Good Indices. Air Products has annual revenues of $7.4 billion, operations in over 30 countries, and nearly 20,000 employees around the globe. For more information, visit www.airproducts.com. About FuelCell Energy, Inc. FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency with virtually no air pollution. Fuel cells can produce base load electricity where commercial and industrial customers face cost, reliability, security or environmental issues with their existing energy supplies. Emerging state, federal and international regulations to reduce harmful greenhouse gas emissions consider fuel cell power plants in the same environmentally friendly category as wind and solar energy sources -- with the added advantages of running 24 hours a day and the capacity to be installed where wind turbines or solar panels often cannot. Headquartered in Danbury, Conn., FuelCell Energy services over 40 power plant sites around the globe, and conducts R&D on next-generation fuel cell technologies to meet the world's ever-increasing demand for ultra-clean distributed energy. For more information on the company, its products and its worldwide commercial distribution alliances, please see www.fuelcellenergy.com. Direct FuelCell, DFC and DFC/Turbine are registered trademarks of FuelCell Energy, Inc. All other trademarks are the property of their respective owners. The company's sub-megawatt DFC fuel cell power plant is a collaborative effort combining its Direct FuelCell technology with a Hot Module(R) balance of plant design from MTU (1) (Maximum Transmission Unit, Maximum Transfer Unit) The largest frame size that can be transmitted over the network. For example, an Ethernet MTU is 1,500 bytes. Messages longer than the MTU must be divided into smaller frames. CFC CFC See: Controlled foreign corporation Solutions, GmbH, a subsidiary of DaimlerChrysler. *** Note from Air Products: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations. *** Note from FuelCell Energy: This news release contains forward-looking statements, including statements regarding plans and expectations regarding the development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company's products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based. |
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