Dominion to develop 14.9 MW fuel cell project

Dominion (NYSE: D), has announced its plans to build a fuel cell power generating facility in Bridgeport, Conn. Dominion acquired this development from FuelCell Energy Inc (Nasdaq: FCEL).

The facility will produce 14.9 MW of electricity, using a reactive process that converts natural gas into electricity.

The Dominion Bridgeport Fuel Cell facility is part of Project 150, a program sponsored by the state and supported by the Clean Energy Finance and Investment Authority (CEFIA) to increase renewable and clean energy projects in Connecticut by 150 MW. CEFIA is the nation's first full-scale clean energy finance authority that leverages public and private funds to drive investment and scale up clean energy deployment in Connecticut. The project was supported by the City of Bridgeport, which provides a tax incentive development agreement that will be in place for the life of the project.

Dominion Bridgeport Fuel Cell LLC has contracted with FuelCell Energy Inc. to build, operate and maintain the facility. FCE will supply five proprietary Direct FuelCell stationary fuel cell systems and an organic rankine turbine that will use waste heat from the fuel cells to generate electricity.

FuelCell Energy estimates that the project will support 161 jobs over its 15-year life. The project is scheduled to be completed and placed into operation in late 2013. Dominion will sell the output of the fuel cell power station to Connecticut Light & Power under a 15-year fixed power purchase agreement.

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