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FuelCell Energy Plants to Provide Heat & Electricity for Hospital in Korea

FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of fuel cell electric power plants for commercial and industrial customers, announced that two units will provide electricity for a 650-bed hospital and a wastewater treatment facility in South Korea as part of the government’s commitment to reduce greenhouse gas emissions. One DFC300A power plant will be installed at Chosun University Hospital in Kwangju, a city of 1.4 million, while the second unit will go to the Tancheon Sewage Treatment Plant, serving South Korea’s capital, Seoul. The 250 kilowatt (kW) power plants were sold last year by POSCO (NYSE: PKX), a major South Korean industrial concern. The power plant sales were announced in November 2004 as part the agreement among FuelCell Energy, Marubeni Corp. (TSE:8002) and POSCO to distribute and package DFC power plants in Korea. Both power plants are expected to be operational this fall. The Korean Ministry of Commerce, Industry and Energy (MOCIE) has targeted more than 20 percent of the country’s power generation to be from fuel cells. As part of MOCIE’s long-range plans to foster Korean energy independence and combat global warming, the ministry also is providing 250 billion won (approximately $218 million) through 2008 to develop new and […]

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Weekly Clean Energy Roundup:September 7, 2005

News and Events DOE Awards $16.5 Million for State Energy Savings Projects Investment Firm Offers $25 Million for Renewables, Efficiency DuPont and Tate & Lyle Build Large Corn-Based Chemical Plant Solar Tours Come to 43 States and D.C. on October 1st Georgia Tech Develops High-Temperature Membrane for PEM Fuel Cells Intel to Develop Energy-Saving Computer Chips Site NewsCalifornia Wind Energy Association News and EventsDOE Awards $16.5 Million for State Energy Savings ProjectsDOE announced last week that it will provide $16,509,819 to 42 state energy offices for 178 energy efficiency and renewable energy projects. The state energy offices will use these funds to improve the energy efficiency of schools, homes and other buildings; promote energy-efficient industrial technologies; support renewable energy sources such as solar, wind, and biomass energy; promote alternative fuels, alternative fuel vehicles, and heavy-duty hybrid-electric vehicles; and continue supporting seven CHP (Combined Cooling, Heating, and Power) Regional Application Centers. See the DOE press release.Among the specific projects funded by the grants are efforts to measure wind resources at heights of 100 meters or more and a project to determine the temperature extremes that small inverters built into solar panels can endure. The funding is being provided through DOE State […]

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