FuelCell Energy (Nasdaq:FCEL) has won a turnkey contract for a 14.9 MW fuel cell park in Bridgeport, Connecticut, featuring five 2.8 MW DFC3000 power plants and an organic rankine cycle turbine to convert waste heat to electricity.
Connecticut Light and Power Company (CL&P) will buy the electricity from the site under a 15-year fixed price energy purchase agreement.
Construction is due to start immediately so that the first plant can be installed in summer 2013. Local utility United Illuminating has already begun the interconnection to link the power park with three electrical substations.
Chip Bottone, president and CEO of FuelCell Energy, Inc., described the project as the largest that the company has so far developed in the US.
"This highly efficient and ultra-clean fuel cell park will produce economic value for a broad number of stakeholders, both public and private, as well as provide public health benefits."
The project is supported by the Clean Energy Finance and Investment Authority (CEFIA), which is aiming to add 150 MW of clean power to Connecticut under its Project 150 programme.
FuelCell Energy will gain about $125m from the project – about $56m for products and $69m for service.
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