FuelCell Energy Awarded Innovative Energy Storage Solution Contract
DANBURY, Conn., May 30, 2017 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced that it was awarded a $3.0 million contract from the Advanced Research Projects Agency-Energy (ARPA-E) division of the U.S. Department of Energy (DOE) to advance the commercialization of cost-effective and clean long-duration energy storage. The project will further develop FuelCell Energy’s advanced solid oxide cell technology capable of alternating between electrolysis and fuel cell power generation mode (reversible SOFC, or RSOFC) in an energy storage application. RSOFC systems can produce hydrogen or other carbon-neutral fuels in electrolysis mode and later convert the stored fuel to power in electrolysis mode. This project was awarded under ARPA-E’s Renewable Energy to Fuels through Utilization of Energy-Dense Liquids (REFUEL) program.