FCEL vor Gewinnschwelle 2013
Fuel Cell Today Publishes The Fuel Cell Industry Review 2013
30 SEP 2013
2013 IR CoverAnnual Fuel Cell Shipments To grow 46% between 2012 & 2013, reaching 66,800 units
Fuel Cell Today has published its latest annual review of the fuel cell industry, reporting continued growth through 2012 and into 2013 across all regions.
The Fuel Cell Industry Review 2013 forecasts shipments in 2013 reaching 66,800 units worldwide, growing by 46% compared with 2012. This continued success follows on from 86% growth between 2011 and 2012. Polymer electrolyte membrane fuel cells (PEMFC) are again expected to lead 2013 unit shipments, accounting for 88% of the total, and regionally Asia to dominate with a 76% share of total units.
Fuel cells are becoming well established in a number of markets where they are now recognised as a better technology option than conventional internal combustion engine generators or batteries. Despite a shortfall in expected shipments from the portable sector, 2012 demonstrated continued growth in unit shipments of fuel cells for transportation and a significant increase in unit shipments of stationary fuel cells, leading to an increase overall. The stationary sector is by far the stand-out performer for fuel cell technology, finding application across all scales: from small-scale grid-connected micro-combined heat and power units for residential use, to off-grid backup power systems providing uninterruptible power supplies to critical infrastructure, to prime power for buildings and even to megawatt-scale installations designed as grid-connected power stations. A special feature in the Review focusses on financial support for stationary fuel cells in California.
In the Review Fuel Cell Today provides an overview of recent developments relating to fuel cell technology, including a commentary on unit shipments and megawatts shipped during the period 2009 to 2012 (supported by data tables), and publishes a forecast for 2013. The outlook chapter discusses Fuel Cell Today’s views on fuel cell adoption over the next three years.
- See more at: http://www.fuelcelltoday.com/news-events/...2013#sthash.q6L3uH5F.dpuf
North American Market for Fuel Cell Technology - Trends and Forecast to 2018
Published: June 2013
Region: North America, United States
168 Pages
Markets and Markets
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Ballard Power Systems Inc
Bloom Energy Corp
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Fuelcell Energy
Hydrogenics Corporation
Nuvera Fuel Cells
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'North American Market for Fuel Cell Technology - Trends and Forecast to 2018' provides a comprehensive analysis of the market by applications (portable, stationary, transport), types (PEMFC, DMFC, PAFC, SOFC, MCFC), fuel (hydrogen, natural gas, methanol, anaerobic digester gas) and geographic region.
Fuel cells convert chemical energy into electrical energy through an electromechanical reaction - like a battery. The only difference is that the fuel is supplied from outside, thereby making the fuel cell feel like an engine converting fuel into electricity without burning it. Fuel cells are of different types such as proton exchange membrane (PEM), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC) and many more differentiated options based on the components used and the type of reaction taking place within the cell. A variety of fuels can be used such as hydrogen, methanol, biogas, natural gas, and hydrocarbons. When working with hydrogen, fuel cells generate water as an outcome and give electricity with zero emission. Fuel cells are gaining importance as the demand for clean energy is increasing and due to the continuous depletion of oil and gas reserves. Furthermore, the focus is shifting towards renewable energy which is backed by governments and companies in North America.
The North American fuel cell market is segmented firstly on the basis of its applications such as portable, transportation and stationary applications. Secondly, it is segmented on the basis of technology such as Polymer/Proton Exchange Membrane (PEM) Fuel Cell, Direct Methanol Fuel Cell, Phosphoric Acid Fuel Cell, Solid Oxide Fuel Cell, Molten Carbonate Fuel Cell and others. The market is also segmented according to primary fuel sources such as Hydrogen, Natural Gas/ Methane, Methanol, and Anaerobic Digester Gas. Lastly, the market is segmented on the basis of countries such U.S. and Canada. Each country has been analyzed with respect to its market trends, growth, and future prospective of the fuel cell market. The data has been analyzed over a period of 2011 to 2018. The quantitative data regarding all the above segmentation is given in value ($million).
The North American fuel cell market revenue is estimated to reach $667.7 million by 2018. Major factors responsible for the growth of the fuel cell market include the ability of fuel cells in stationary, portable and transportation applications as a source of off grid power source, zero emission and clean energy source and continuous depletion of existing oil reserves makes. The key concerns in the industry pertain to the high cost of catalyst, commercialization of fuel cells and establishment of fuel cell infrastructure.
The report classifies and defines the revenue for the fuel cell industry. It covers qualitative data about fuel cell technologies used in various applications. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the fuel cell market. Key players in the industry are profiled in detail with their recent developments. Some of these include Ballard (Canada), Plug Power (U.S.), FuelCell Energy (U.S.), Oorja Fuel Cells (U.S.), and Hydrogenics (U.S.) manufacturing fuel cells for various applications.
Scope of the Report
By Country
- U.S.
- Canada
- By Application
- Portable
- Stationary
- Transportation
By Technology
- Polymer/Proton Exchange Membrane (PEM) Fuel Cell
- Direct Methanol Fuel Cell (DMFC)
- Alkaline Fuel Cell (AFC)
- Phosphoric Acid Fuel Cell (PAFC)
- Molten Carbonate Fuel Cells (MCFC)
- Solid Oxide Fuel Cell (SOFC)
- Direct Carbon Fuel Cell (DCFC)
- Zinc Air Fuel Cell (ZAFC)
- Protonic Ceramic Fuel Cell (PCFC)
- Microbial Fuel Cell (MFC)
By Fuel
- Hydrogen
- Natural Gas/ Methane
- Methanol
- Anaerobic Digester Gas
- Others SHOW LESS
wirklich nicht viel los.
Die Aktie geht auch seit 1 Woche nach unten .
Drücken die Shorties immer noch so stark ??
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FuelCell Energy Eyes the Grid Support Market
October 3, 2013 at 8:07 pm
Contributed by: Chris
For Greentech Media last week, I explained how FuelCell Energy, the largest of the publicly traded fuel cell makers, is partnering with utility NRG Energy to market and deploy its fuel cells. This is good news, after so much contention between utilities and the makers of smart grid/microgrid/renewable energy equipment. Some utilities are finally figuring out the new business models they’ll need to survive the energy transition, and how to replace conventional baseload power with a cleaner, decentralized alternative.
FuelCell Energy Eyes the Grid Support Market
FuelCell Energy Eyes the Grid Support MarketCredit: FuelCell Energy
The fuel cell producer builds a partnership with NRG while moving toward profitability.
Chris Nelder
September 23, 2013
After decades of struggle, the American fuel cell business may finally have its day in the sun — and then provide critical grid support when the sun goes down.
Greentech Media’s Eric Wesoff has long maintained a tongue-in-cheek list of the top publicly traded profitable fuel cell firms. As of the last such update in April of this year, the list was still blank.
But FuelCell Energy, the biggest of the publicly traded U.S. fuel cell manufacturers, now appears poised to make that list after running losses since its IPO in 1992. According to Bloomberg, the company posted record sales, driving down its net loss on the fiscal third quarter of this year to just $5.6 million on revenues of $53.7 million, down from $9.9 million a year earlier, and its order backlog has ballooned to $380.8 million. The company is now within reach of being in the black.
I spoke with company CEO Chip Bottone and Vice President of Investor Relations Kurt Goddard at the end of July, and they were optimistic that profitability was finally within reach. “Fuel cells have overpromised and undelivered for decades,” Bottone said. “We’re now interested in making money the old-fashioned way: reduce capital costs, make margin, and be competitive with traditional power generation. We’re really trying to build credibility for the industry.”
The company now says its levelized cost of energy (LCOE) is $0.14 to $0.15 per kilowatt-hour, without subsidies, depending on the price of gas. Industrial consumers in the U.S. typically buy gas for around $4.50 per million BTU, the company says, with gas prices on the East Coast closer to $5.50. Wesoff quoted Bottone in April 2012 as saying that, “At $5 gas, we’re at $0.135″ per kilowatt-hour, and that every $2 drop in the price of natural gas translates to a penny lower in the price per kilowatt-hour. By those metrics, FuelCell Energy is already grid-competitive without subsides in Hawaii and Alaska in the industrial market, and in at least seven states in the commercial market.
With subsidies, such as the federal investment tax credit and the California state incentive, Bottone says their fuel cell system can produce power for $0.09 to $0.11 per kilowatt-hour, making it competitive with grid power in that state as well.
Bottone isn’t counting on subsidies to be competitive, however. “We don’t need more money from government,” he told me. “We just need to spend it better.”
At those prices, some might look at fuel cells as a potential competitor to other low-carbon technologies like wind and solar, but Bottone doesn’t see it that way. “We compete against people doing nothing, not against wind and solar,” he explained. “There’s no single solution to this stuff. Wind and solar and gas will always be there.”
“We compete with utility programs, and our IRR [internal rate of return] is the metric,” he continued. “On an unlevered basis, we need to make an IRR of 10 percent to 13 percent. With a little leverage, our payback is under three years. People can say yes to that. Adding CO2 offsets can get the payback down to a year.”
Large-scale market
FuelCell Energy is very different from its better-known competitor, Bloom Energy.
FuelCell Energy’s main product line uses a molten carbonate technology, which scales up well. Bloom Energy uses solid-oxide technology, which doesn’t scale well, but whose greater power density makes it attractive for applications where a small physical footprint is important.
FuelCell Energy is focused on large systems (over 1 megawatt in size), where the economics can be more attractive. It sells units with a long-term service contract for about $3,000 per kilowatt of capacity, excluding installation, as compared with Bloom Energy’s reported $8,000 per kilowatt, excluding installation and subsidies.
The larger plants make them better suited to running on fuels like waste gas and biogas, because of the cost of the equipment needed to clean up the gas. Sulfur, siloxanes (which result from things like cosmetics), and water must be removed from the gas. Sulfur is the hardest contaminant to remove, because the gas must have no more than 30 parts per billion of it before it is used in the fuel cell. “You’ve got to have enough gas to pay for the gas cleanup unit,” Bottone explained, a cost which typically runs around three cents per kilowatt-hour. “There isn’t a clean solution below 1 megawatt that will pencil out. It’s marginal at 300 kilowatts — you need to have a lot of intangible benefits.” Generally, Bottone claims that his units are more tolerant of contaminants than are competing fuel cell technologies.
FuelCell Energy has a larger customer base, with around 80 units operating in more than 50 separate locations in nine countries. Bottone expects to have a total portfolio of 150 megawatts to 200 megawatts in operation by the end of the year. The company also has a much longer track record, with 1.8 billion kilowatt-hours of operating time in the field, according to Bottone.
Grid support strategy
Utilities are wringing their hands over the prospect of customers unplugging from grid power and generating their own, as we have documented at length here at Greentech Media. This week, the Wall Street Journal noted that the number of electricity-generation units at commercial and industrial sites has more than quadrupled since 2006. From big-box stores like Wal-Mart and Kroger, to corporate campuses like Google and Apple, to engineering and manufacturing companies like BMW and SAIC, to data center operators and telecom firms like Verizon, more companies are finding cost and reliability benefits in generating their own power from solar, wind, biogas and fuel cells.
As self-generation increases, it’s becoming more difficult for utilities to turn a profit on their large, centralized generation facilities. This year has brought a steady drumbeat of reports of nuclear and coal-fired power plants being shuttered. Utilities are increasingly being challenged to join the distributed energy revolution — or suffer the decline of their businesses.
One major utility took the bit between its teeth two weeks ago. NRG Energy announced a co-marketing agreement with FuelCell Energy in which it will market the fuel cell power plants to its customer base, as well as offering financing and power purchase agreements to interested buyers. For those who want the technology but don’t want to own the plant, NRG Energy will buy the plant, then sell the power to the customer under a power-purchase agreement. FuelCell Energy will install, operate and maintain all the plants, making it easy for customers to adopt the technology.
While such a partnership is still relatively new, it makes perfect sense. Distributed generation from fuel cells offers benefits to both the customer and the utility:
Fuel cell systems are always on, so they function as 24/7 baseload power, making them a suitable replacement for retiring coal and nuclear baseload power stations.
They generate clean and reliable power, so they support utilities in meeting some of their biggest operational challenges: maintaining voltage and frequency within tight parameters. These attributes are extremely important to sensitive facilities like hospitals and manufacturing operations.
Fuel cells generate less emissions than conventional natural-gas fired power generators. Their emissions are not zero (contrary to what you may have read elsewhere), but they’re very low. “We release less CO2 than any other power generation option in our size class per megawatt-hour, due to the high electrical efficiency,” Goddard told me.
They’re very quiet, offering a far more desirable alternative to noisy diesel- or gas-fired generators, especially in urban environments.
They generate power where it is used, reducing the long-term cost of maintaining the transmission and distribution grids.
Due to their size and high operating temperatures, the FuelCell Energy systems can generate hot water as well as electricity, giving them very high overall efficiency (up to 90 percent). When only used to generate power, instead of using the waste heat to make hot water, the efficiency is still high relative to conventional power generation, at around 47 percent.
“Baseload combined heat and power (CHP) fuel cells have virtually zero emissions, making them well suited to provide reliable electricity, hot water, steam or absorption chilling to universities, hospitals, and other large power users,” remarked NRG Solutions President Thomas Gros in a press release.
Bottone believes that creating such partnerships with utilities is a far more desirable way to go than competing with them directly, noting that the German utility giant E.ON set up a separate, unregulated company to provide decentralized solutions as they were forced to shut down some large centralized plants that had become unprofitable.
“If you opt out of the grid, you save 5 euro-cents per kilowatt-hour,” he said. “So E.ON is following the customers opting out of the grid. In the U.S., the investor-owned utilities are only motivated by return on capital, so for them, bigger is better. We’re having discussions with the highest levels at utilities, on the demand side, and saying: ‘Look, instead of me peeling off your customers at substation X, we’ll put the fuel cells in at those substations. How can we work together?’”
The partnership strategy may be particularly attractive at the periphery of the distribution grids, where maintaining required voltage and frequency levels is expensive for utilities. “We’ve got very sophisticated equipment on our plants,” Bottone explained. “We’ve put them in and utilities picked up better quality power, or discovered that customers had issues they weren’t aware of, like low voltage.”
But the utilities and fuel cell manufacturers need to work together. “Multi-megawatt installations need to make sense in supplying baseload power where it’s really needed,” Bottone said. “Centralized power generation of many megawatts is the challenge. Distributed generation can help with the baseload issue in a much more cost-effective way.”
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Published: Sunday, 6 Oct 2013 | 7:00 AM ET
By: Tom DiChristopher | News Associate
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Bloom Energy CEO K. R. Sridhar at a product launch in 2010 at eBay headquarters in San Jose, Calif.
A new eBay data center in South Jordan, Utah, enables the e-commerce giant to keep its goods flowing, but it is remarkable for another reason entirely. The center is the first facility of its kind to generate all its electricity on site from fuel cells, which are provided by Bloom Energy.
The data center is one more sign that fuel-cell energy companies are in the early stages of a rally. After nearly 10 years of spiraling stock prices, recent technological innovations and improved balance sheets are attracting Fortune 500 companies, both as customers and partners. Now, an industry known for operating in the red shows signs of achieving profitability.
"The market is more and more becoming aware of the attributes of fuel cells and buying into them and all of that is leading to large annual production of fuel cell technology," said Scott Samuelsen, director of the Fuel Cell Research Center at the University of California at Irvine.
Revenue from stationary fuel cells has grown 55 percent this year, to $1.3 billion, according to Navigant Research's Fuel Cells Annual Report 2013.
Fuel cell systems convert fuels such as natural gas, methane and biogas into electricity via an electrochemical process with minimal emissions. While wind and solar provide intermittent power, fuel cells operate continuously.
"In the early 2000s there was a lot of hype around the sector," said Kerry-Ann Adamson, a Navigant fuel cell analyst. "The technology was in the grip of trying to find where the problem in the market was. At the time, it was a solution without a problem."
But Samuelsen at the Fuel Cell Research Center said two developments have emerged since to lay the groundwork for this rally.
The first is the rise of high-temperature fuel cells. Much of the technology popular 10 years ago required expensive rare earth, such as platinum. But the fuel cell systems from companies such as Bloom and FuelCell Energy are made from cheaper and abundant ceramics.
(Read more: Natural gas: Risks and rewards for Gazprom boss)
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"We have pockets of prosperity" growing all over the country because of energy development, says John Hofmeister, CEO of Citizens for Affordable Energy, who discusses his plan to shift to natural gas fuels to cut oil imports.
Tax credits and state rebates have also reduced the cost of fuel cells by as much as half the sticker cost. Programs in California and New Jersey have made fuel cells competitive with conventional energy, reducing the cost of capital investments by up to half when combined with federal subsidies.
That has lead to increased volume and cost reductions, said Samuelsen. Between 2003 and 2011, the price of producing energy from fuel cells fell from $10,000 per kilowatt to about $2,500, according to FBR Capital Markets research.
Projects like eBay's data center are important confidence boosters for companies exploring fuel cells as an option, said Matt Ross, chief marketing officer for Bloom Energy. The privately held company is based in Sunnyvale, Calif., and is backed by $1 billion in venture capital.
Since shipping its first Bloom Boxes to Google in 2008, the company has sold units and energy to companies including Wal-Mart and AT&T. It has also worked with utilities including California's PG&E and Delmarva in Delaware to provide energy.
"We think eBay is a real leader in the data center sector. They've taken a very bold step," said Bloom Energy's Ross. "I have no doubt that others are going to be following their footsteps."
(Read more: Model S catches fire—in the wrong way)
Bloom declines to disclose its financials. The company told Fortune last year that it expects to reach profit this fiscal year.
Two recent announcements could help Bloom get there. It has begun a leasing program backed by Bank of America that will target Fortune 1,000 companies and customers with medium-capacity needs. It also recently entered a joint venture with Japan's Softbank to help fill the country's energy deficit following the Fukushima nuclear plant disaster.
Another emerging market for fuel cells is South Korea, where the government aims to generate 10 percent of power from renewable sources by 2020. FuelCell Energy, which builds fuel cell energy plants, is currently constructing the world's largest fuel cell park in South Korea with a capacity of 59 megawatts.
FuelCell shares are up about 35 percent this year to $1.25. The median price target now sits at $1.88, according to Thomas One Analytics. FBR Capital Markets believes FuelCell's strong growth in revenue and its backlog of orders—up 126 percent year over year to $410 million—will drive the company to profitability next year.
The road to profitability looks longer for Ballard Power Systems, the leading fuel cell provider for telecoms-backup systems in Asia and South Africa. Ten years ago the company was focused on the nascent electric vehicle sector. It has since focused on money-making ventures like backup energy and powering warehouse forklifts.
Lazard Capital notes that Ballard has reduced its losses, and estimates the company could reach break even in the next few years.
The industry still faces significant risks. It remains largely dependent on government subsidies. If tax credits for renewable energy falter, business could suffer.
Fuel cell companies typically have a narrow portfolio of clients, as well. Just five companies accounted for 86 percent of FuelCell Energy's business in 2012, with South Korean energy company POSCO Energy accounting for 76 percent.
Reception from utilities has so far been mixed, with some companies embracing partnerships and others shunning the potentially disruptive companies. Fuel Cell Research Center's Samuelsen said differences are to be expected during industry shifts. He believes fuel cells will become a needed asset in building smart grids.
"Any fundamental change in a market takes decades. The shift in the energy market to a more resilient, low carbon, distributed energy generation system will take decades to fully deploy," said Navigant's Adamson. "The investment communities are now wise to the fact that the energy markets are in this period of change. Change equals opportunity and they are coming back to the fuel cell industry."
—By CNBC's Tom DiChristopher. Follow him on Twitter @tdichristopher.
FuelCell Energy Solutions verkündet die Auslieferung eines in Deutschland gefertigten Brennstoffzellenkraftwerkes an das Bundesministerium fur Bildung und Forschung (BMBF) in Berlin
09:05 08.10.13
FuelCell Energy, Inc.
08.10.2013 09:01
http://www.ariva.de/news/...dung-und-Forschung-BMBF-in-Berlin-4798876
Ministerium erhält erstes deutsches Brennstoffzellen-Kraftwerk
Dresden – Fuel Cell Energy gab am Dienstag die Auslieferung des ersten in Deutschland gefertigten Brennstoffzellenkraftwerks bekannt. Die Anlage soll zukünftig den neuen Sitz des Bundesministeriums für Bildung und Forschung (BMBF) in Berlin mit Strom versorgen.
FuelCell installiert das Kraftwerk im Inneren des neuen BMBF-Komplexes. Der nahezu schadstofffreie, leise und vibrationsfreie Betrieb soll es laut FuelCell möglich machen, Brennstoffzellenkraftwerke mitten in städtischen Gebieten zu Betreiben. Voraussichtlich wird das Kraftwerk mit der Fertigstellung des Bürokomplexes Mitte 2014 in Betrieb gehen.
Wirkungsgrad von bis zu 90 Prozent
Um die Effizienz zu steigern, ist das Kraftwerk für Kraft-Wärme-Kopplung ausgelegt. Mit der im Betrieb entstehenden Wärme wird Dampf zur Beheizung oder über Absorptionskalteanlagen zur Kühlung des Gebäudes verwendet. Damit ist nach Aussage von FuelCell ein Wirkungsgrad von bis zu 90 Prozent möglich.
Insgesamt soll das Brennstoffzellenkraftwerk 40 Prozent des elektrischen Bedarfs und 20 Prozent des Wärmebedarfs des Bürokomplexes decken. Chip Bottone, Präsident und CEO von FuelCell Energy, sagte: „Wir freuen uns darauf, dem Markt die vielen Eigenschaften von sauberer, effizienter und zuverlässiger Stromerzeugung aus stationären Brennstoffzellenkraftwerken, die hier in Deutschland produziert werden, zu demonstrieren.“
- bisher sehr abhängig von staatlichen aufträgen (demonstrationskraftwerke...)
- steigt der umsatz?
- Keine produktionskapazitäten für großaufträge (siehe posco lizenzierung...)
Zur Lizenzierung an Posco noch eine Überlegung:
der südkoreanische Stahlgigant hat erst die technologie lizenziert, danach vor kurzem einen 180 mille Lieferauftgrag an fcel ausgeschrieben.
Der negative Beigeschmack: Posco bekommt ein schlüsselfertiges Kraftwerk und in zukunft ist es irrelevant, ob fcel pleite geht, denn Posco weiß nun alles über den Bau dieser Anlagen.
Des weiteren ist Posco als Mehrheitsaktionär fcel mit 17% ziemlich nahe, wäre bei einer insolvenz von fcel an erster stelle, wenn es um patent aufkauf geht...
Ich bin zwar sehr für diese Technologie, aber wenn fcel weiter auf der stelle tritt, dann werden sie von siemens überholt. Siemens solid oxid brennstsoffzellen sind nämlich insofern besser, da sie komplett aus keramik bestehen, ohne alternes Metall als 'Träger'/ Anode? dazwischen.
MfG
GlobeNewswirePress Release: FuelCell Energy, Inc. – 16 minutes ago
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$6.4 million contract award for continued sub-megawatt solid oxide fuel cell power plant development
On-site biogas powered solid oxide fuel cell power plant demonstration at a dairy farm
DANBURY, Conn., Oct. 9, 2013 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, today announced two updates regarding the development and commercialization of solid oxide fuel cell (SOFC) technology including a $6.4 million cost shared cooperative agreement with the U.S. Department of Energy (DOE) to continue research and development on a demonstration sub-megawatt SOFC power plant. Separately, a DOE supported project to convert agricultural waste into renewable power utilizing an SOFC power plant is preparing for operation at a dairy farm in California in conjunction with the project partner TDA Research, Inc.
"We have a multi-faceted strategy for the commercialization of our solid oxide fuel cell technology including future coal syngas opportunities under a U.S. Department of Energy program as well as adjacent market opportunities to our existing markets including sub megawatt commercial building and wastewater treatment plant applications," said Chip Bottone, President and Chief Executive Officer. "We are evaluating potential partnerships for the commercialization of the technology including discussions with organizations in North America, Asia and Europe."
"We believe our technology is well suited for the market with industry-leading electrical efficiency of approximately 60 percent plus usable heat for combined heat and power applications, resulting in total estimated thermal efficiency between 80 and 85 percent. The technology is also fuel flexible, with the ability to utilize coal syngas, clean natural gas, on-site renewable biogas or directed biogas," said Tony Leo, Vice President Application Engineering & Advanced Technology Development, FuelCell Energy, Inc. "We have increased the size and power density of the individual fuel cells, which is critical to high volume manufacturing of an economically competitive product as we enhance the technology and prepare for commercialization."
"Our customer research on sub-megawatt applications reinforces the value of combined heat and power configurations which use the same unit of fuel to generate both electricity and heat. This supports economics and sustainability initiatives by reducing usage of combustion based boilers and their associated pollutants and greenhouse gases," continued Mr. Leo.
The objective of the DOE award is the demonstration of a sub-megawatt solid oxide fuel cell power plant configured for combined heat & power (CHP) output and connected to the electric grid at FuelCell Energy's Danbury, Connecticut facility. SOFC systems operating on coal syngas, natural gas or biogas can generate clean power with virtually zero pollutants and significant reductions in greenhouse gas emissions, particularly when configured for combined heat and power. The term of the award is 18 months.
Renewable biogas application
A solid oxide fuel cell power plant demonstration is planned for early 2014 at a dairy farm within the Sacramento Municipal Utility District (SMUD) in California, USA utilizing renewable biogas from the anaerobic digestion process to generate electricity and heat. SMUD will facilitate the installation and operation of the SOFC power system. Many agricultural operations generate more biogas and electrical generation potential than they can use for their daily operations, which is why the ability to interconnect to the electric grid is an important part of understanding the future market potential and ability to support sustainability of farms and agricultural industries.
Fuel cells electrochemically convert a fuel source into electricity and heat in a highly efficient process that emits virtually no pollutants due to the absence of combustion. The Direct FuelCell(R) stationary power plants manufactured by FuelCell Energy utilize carbonate fuel cell technology and provide continuous baseload power that is located where the power is used, including both on-site applications and electric grid support. The combination of near-zero pollutants, modest land-use needs, and quiet operating nature of these stationary fuel cell power plants facilitates locating the power plants in urban locations. The power plants are fuel flexible, capable of operating on natural gas, on-site renewable biogas, or directed biogas.
About FuelCell Energy
Direct FuelCell(R) power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. With more than 300 megawatts of power generation capacity installed or in backlog, FuelCell Energy is a global leader in providing ultra-clean baseload distributed generation to utilities, industrial operations, universities, municipal water treatment facilities, government installations and other customers around the world. The Company's power plants have generated more than 1.7 billion kilowatt hours of ultra-clean power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas. For more information, please visit www.fuelcellenergy.com
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Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are all registered trademarks of FuelCell Energy, Inc. DFC-ERG is a registered trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.
Contact:
FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com