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FuelCell, Kawasaki Power Plant Agreement

Stationary power generation systems manufacturer Kawasaki Heavy Industries intends to become a packager and distributor of FuelCell Energy power plants DFC300A through FuelCell’s Japanese business partner Marubeni.

Danbury, Connecticut – September 01, 2004 [SolarAccess.com] As part of this agreement, Kawasaki will purchase and install one of the stationary generators for evaluation at their Akashi Works plant near Osaka Japan. Goals of this agreement are to use Japanese designed and manufactured plant components with the DFC300A to prepare the stationary power plant for the Japanese market, with a special focus on reducing the production costs. Marketing opportunities for the stationary plants are applicable to cogeneration facilities for large commercial and light industrial sectors. “Japan is a vital market for our products, and we are confident that this alliance will lead to high performance, high quality products well suited to Japanese customers,” said Herb Nock, FuelCell Energy’s Senior Vice President of Marketing and Sales. FuelCell Energy expects that KHI will be delivering DFC products to the Japanese market by 2006. Domestic production advances for FuelCell Energy could come from the newest round of federal funding dedicated to the development of carbonate fuel cells. U.S. Congressman John B. Larson announced that Congress had included the funding in the Department of Defense Appropriations Bill for 2005 when he toured the company’s manufacturing plant.