FuelCell Energy Inc. (Nasdaq: FCEL) on Oct. 10 announced the sale of a 1.4 MW Direct FuelCell natural gas-fueled power plant to Greenwood Energy, the North American renewable energy unit of the Libra Group. The power plant will be located on the campus of Central Connecticut State University and the electricity and steam generated by the plant will be sold to the university under a long term power purchase agreement.
The plant will use natural gas for fuel to generate electricity via an electrochemical reaction. Due to the absence of combustion, FuelCell Energy said virtually zero pollutants are emitted such as nitrogen oxides (NOx), sulfur dioxide (SOx) or particulate matter.
The power plant will be configured to utilize the high quality heat created by the power generation process in a combined heat and power (CHP) mode to generate steam for heating and cooling campus buildings.
FuelCell Energy will maintain the plant under a multi-year service agreement and the plant is expected to be operational by December 2011.
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