FuelCell Energy Sells Direct FuelCell Power Plant to Resort

FuelCell Energy, Inc. announced the sale of a 750-kilowatt (kW) generating plant through its distribution partner, Alliance Power, Inc., to a resort, making it FuelCell Energy’s third hotel site in California.

The Direct FuelCell (DFC) power plant will provide base load power for hotel operations, and will transform the plant’s heat byproduct into hot water, adding to the system’s overall operating efficiency. Three DFC300MA power plants form the ultra-clean distributed generation system — where the fuel cells provide firm 24/7 base load power. Alliance Power will provide technical guidance during the installation. The expected operations date is April 2007 and FuelCell Energy will provide ongoing maintenance services under a multi-year service contract. Financial terms of the sale were not disclosed. Pacific Gas and Electric, administrator for The California Public Utilities Commission’s (CPUC) Self-Generation Incentive Program (SGIP) for the service territory, issued a reservation letter that will provide incentive funding of approximately $1.9 million for this fuel cell installation. In addition, late last week Governor Schwarzenegger signed into law Assembly Bill 2778, which extends the sunset of the SGIP from 2008 to 2012.
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